Grow Your Business Without Collateral.
Business loan rates starting @10.00%* p.a. Get up to ₹75 Lakh without pledging any assets. Quick approval, minimal paperwork.
Whether you need working capital, want to expand operations, or purchase equipment — we connect you with India's top lenders who understand business needs.
Business Loan Eligibility
Get instant quotes from top lenders at 14% p.a.
Limit Exceeded: Your max eligible EMI is roughly ₹25,000. Try increasing tenure or lowering loan amount.
2 Lakh+
Businesses Funded
10.00%*
Lowest Rate
50+
Lending Partners
100+
Cities Covered
What is an Unsecured Business Loan?
An unsecured business loan is a type of financing that doesn't require you to pledge any property, equipment, or assets as security. The loan is approved based on your business revenue, credit history, and cash flow — making it ideal for SMEs, MSMEs, and startups that may not have high-value collateral.
These loans typically range from ₹1 Lakh to ₹75 Lakh with repayment tenures of 1 to 5 years. Since there's no collateral involved, interest rates tend to be higher than secured loans — starting from 10% p.a. and going up to 26% depending on your business profile and lender.
Who can apply?
No Collateral
100% unsecured — your assets stay untouched
Quick Disbursal
Funds in your account within 48 hours
Flexible Usage
Use for any legitimate business purpose
Minimal Docs
KYC, bank statements & basic business proof
Types of Business Loans Available
Choose the right loan type based on your business requirement.
Unsecured Business Loan
No collateral needed. Approved based on your revenue, credit score, and banking history. Ideal for working capital and short-term needs.
Secured Business Loan
Pledge property or assets for lower interest rates and higher loan amounts. Best suited for expansion and large capital expenditure.
Business Loan EMI Calculator
Plan your repayments before you apply. Adjust the loan amount, rate, and tenure to see your estimated monthly EMI.
Business Loan EMI CalculatorInstant Estimate
Business Loan Interest Rates That Work for You
Unsecured business loan rates in India range from 10.00% to 26.00% p.a. depending on your business vintage, annual turnover, credit score, and the lender you choose.
Public sector banks like SBI offer the lowest rates starting at 10.00% for businesses with strong financials. Private banks like HDFC and ICICI start from 10.75% and 13.25% respectively. NBFCs and fintech lenders charge higher rates but offer faster approval and more flexible eligibility.
A CIBIL score of 700+ and business vintage of 3+ years with consistent GST filings will help you qualify for the best rates. TatvaMoney compares offers across all lender types so you don't have to.
Get Your Best RateStarting From
per annum*
Compare Business Loan Interest Rates — March 2026
Latest unsecured business loan rates from India's top banks, NBFCs, and fintech lenders.
| Bank / NBFC | Interest Rate | EMI / Lakh* | Max Tenure | Action |
|---|---|---|---|---|
State Bank of IndiaPublic Sector Bank | 10.00% - 14.50% | ₹2,225 | 5 Years | Check Offer |
HDFC BankPrivate Bank | 10.75% - 22.50% | ₹2,275 | 5 Years | Check Offer |
ICICI BankPrivate Bank | 13.25% - 19.25% | ₹2,450 | 5 Years | Check Offer |
Kotak Mahindra BankPrivate Bank | 14.00% - 26.00% | ₹2,500 | 5 Years | Check Offer |
Axis BankPrivate Bank | 15.00% - 19.25% | ₹2,575 | 5 Years | Check Offer |
IDFC FIRST BankPrivate Bank | 12.99% - 23.00% | ₹2,400 | 5 Years | Check Offer |
Bajaj FinservNBFC | 14.00% - 23.00% | ₹2,500 | 5 Years | Check Offer |
Tata CapitalNBFC | 12.00% - 24.00% | ₹2,350 | 5 Years | Check Offer |
FlexiloansFintech | 12.00% - 24.00% | ₹2,350 | 3 Years | Check Offer |
LendingKartFintech | 17.25% - 27.00% | ₹2,725 | 3 Years | Check Offer |
*EMI per lakh calculated at the lowest rate for a 3-year tenure. Actual rates depend on business profile, turnover & credit score. Rates sourced from official websites as of March 2026.
Business Loan Eligibility Criteria
General parameters followed by most banks and NBFCs for unsecured business loans.
| Age | 21 - 65 years (at loan maturity) |
| Applicant Type | Sole Proprietor, Partnership, LLP, Pvt Ltd, MSME |
| Business Vintage | Minimum 2-3 years of operations |
| Annual Turnover | Minimum ₹10 Lakh (varies by lender) |
| CIBIL Score | 650+ (700+ for best rates) |
| Banking History | 6-12 months active current account |
| GST Registration | Required for most lenders |
| Loan Amount | ₹1 Lakh to ₹75 Lakh (unsecured) |
| Tenure | 1 to 5 years |
| Collateral | Not required (unsecured) |
| Nationality | Indian Resident |
Business Loan Fees & Charges
Know the complete cost before you apply.
Processing Fee
1% - 3%
Of loan amount + GST (varies by lender)
Prepayment Charges
2% - 5%
On outstanding principal (some lenders charge nil)
GST on Interest
18%
Applicable on processing fee & other charges
Late Payment
2% / month
On overdue EMI amount
Documents Required for Business Loan
Most lenders need these documents for an unsecured business loan. Keep them handy for faster processing.
Pro Tip
Keep at least 12 months of current account bank statements ready. Lenders analyze your average bank balance and cash flow patterns to assess repayment capacity.
- PAN Card of Business & Applicant
- Aadhaar Card / Passport / Voter ID
- GST Registration Certificate
- Udyam / MSME Registration (if applicable)
- Trade License / Shop Act License
- Business Address Proof (Utility Bill / Rent Agreement)
- Last 12 Months Current Account Bank Statements
- Passport-size Photographs (2 copies)
Apply for Business Loan in Top Cities
Pan-India coverage with local business lending expertise.
How to Apply for a Business Loan
5 simple steps — 100% digital, no branch visits needed.
Check Eligibility
Share basic business details
Compare Lenders
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Upload Documents
KYC, bank statements, ITR
Verification
Credit & business assessment
Disbursal
Funds in your account
Trusted by Business Owners Across India
Real stories from entrepreneurs who scaled their business with TatvaMoney.
"Needed ₹20 lakh urgently for raw material purchase. TatvaMoney compared 6 lenders and got me an HDFC offer at 12.5% within 2 days. No collateral asked, no branch visit needed."
Sarvjit Dhawan
Mysuru
"As an MSME owner, I struggled to get loans from banks directly. TatvaMoney connected me with Bajaj Finserv and my ₹15 lakh loan was disbursed in just 3 working days."
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Udaipur
"My textile business needed working capital before the festive season. Got ₹30 lakh from ICICI Bank through TatvaMoney at a competitive rate. The entire process was digital."
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Pune
Ready to Fund Your Business Growth?
Compare unsecured business loan offers from 50+ lenders. No collateral, no branch visits, no hidden charges.