The eligibility criteria for unsecured business loan lenders in India depend upon various factors. In this blog, we’ve discussed them exhaustively. Click here to read.

1. A Complete Guide to Collateral Free Business
Loans

2. Introduction
• Managing A Business In Volatile Market Conditions Is
Challenging
• Credit To Medium Industries Registered A Robust Growth At
19% In January 2021
• Credit To Micro And Small Industries Too Registered A Growth
Of Nearly 1%
• Taking A Business Loan Is A Natural Step To Raise Funds

3. What Is A Collateral-free Business Loan?
• A Collateral-free Loan Is A Loan Given To The Borrower At A
Fixed Interest Rate
• It Is Also Known As An Unsecured Business Loan

4. Reasons For Choosing An Unsecured
Business Loan
• You Do Not Have To Pledge Any Collateral
• Easy Documentation, Flexible Tenure
• Low-interest Rates And Quick Approval

5. What Are The Eligibility Criteria?
• An Indian Citizen
• Self-employed
• Between 26-66 Years Of Age
• Ready To Provide Proof That You Have Been In Business For At
Least 3 Years

6. Which Documents Would You Need?
• Aadhar Card/ Passport/ Driving License
• PAN Card
• Bank Account Statement Of The Last 1 Year
• Income Tax Returns Of The Last 3 Years
• Check For Additional Documents With Your Lender

7. Steps To Apply For A No-collateral Business
Loan
• Research On Different Lenders
• Make Sure You Are Eligible For This Loan
• Keep All Necessary Documents Ready
• Fill All The Details In Your Application Form To Avoid Rejection

8. Conclusion
• Improve Your Credit History To Increase Your Chances Of Loan
Approval
• Prepare A Solid Business Plan And Share Your Ideas With Your
Lender
• Compare Lenders And Loan Terms, And Opt For A Trusted Brand

9. Thank You !
Would Love to Hear From You
Hero FinCorp Limited
09, Basant Lok, Vasant Vihar, New Delhi - 110057
Tel. 18001024145
Email Id: Corporate.Care@HeroFinCorp.com
Website: https://www.herofincorp.com/
Know more- A Complete Guide to Collateral Free Business Loans