Working capital and expansion
Funding for the business, without pledging the house.
An unsecured business loan funds stock, equipment, expansion or a cash-flow gap, with no collateral. It is quick and it is expensive — and if you own property, there is almost always a cheaper way. We will tell you which one applies to you before you apply for either.
- Interest range p.a.
- [7%–24%] Interest range p.a.
- Typical maximum
- ₹50 lakh Typical maximum
- Maximum tenure
- 5 years Maximum tenure
Why through JSR
What you get
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No collateral
Nothing is pledged. Your property and your family's security stay out of it entirely.
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Fast
A complete file can be sanctioned in days rather than weeks, because there is no property to value or verify.
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Any legitimate business use
Stock, machinery, a new branch, salaries through a slow quarter, or clearing a costlier debt.
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Judged on your filings
Turnover, filed returns and bank conduct decide it. Presenting those well is most of the outcome.
At a glance
Business Loan details
- Loan amount
- ₹1 lakh to ₹50 lakhHigher amounts usually need security
- Interest rate
- [7%–24%] p.a.Substantially higher than any secured loan — that is the price of no collateral
- Tenure
- 1 to 5 yearsShort, so the EMI is large relative to the amount
- Business vintage
- 2 to 3 years minimumUnder two years, options are very limited
- Processing fee
- [2%–3%]Higher than secured lending
- Collateral
- NoneBut a personal guarantee is standard, so you remain liable
- Tax treatment
- Interest is a business expenseDeductible against business income. Confirm with your accountant
Is this you?
Who this suits
- Your business has filed returns for at least two to three years
- You need funds faster than a secured loan can be arranged
- You do not own property, or do not want to pledge what you own
- The amount is modest enough that a short tenure is manageable
Documents
What you will need
About the business
- Business registration — GST, Shop & Establishment, or licence
- 2 to 3 years' ITR with computation of income
- Audited profit & loss account and balance sheet
- GST returns for the last 12 months
- 12 months' current account statements
- Business address proof
About you
- PAN, Aadhaar and photographs
- Personal bank statements
- Partnership deed or MOA and AOA, where applicable
- Statements for any existing loans
We tell you which of these your lender actually wants before you gather anything.