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Access unsecured business loans with flexible terms through PayAssured's lending partners. Ideal for managing working capital, inventory, and business growth.
Speak to an AdvisorComprehensive loan information tailored for your business needs
Flexible loan amount range to meet various business requirements and growth stages.
Get funding without pledging any assets or security, making it accessible for all businesses.
Competitive interest rates starting from 16% per annum based on your business profile.
Flexible repayment tenure from 12 to 60 months to suit your cash flow requirements.
Quick approval process with decisions made within 48 hours of document submission.
Simple documentation process with only essential documents required for quick processing.
Flexible funding for various business needs and growth opportunities
Manage day-to-day operations, pay suppliers, and maintain healthy cash flow for smooth business operations.
Fund new locations, hire additional staff, or enter new markets to grow your business footprint.
Buy new machinery, technology, or equipment to improve efficiency and productivity in your business.
Stock up on inventory, raw materials, or finished goods to meet seasonal demand or bulk orders.
Simple requirements to qualify for unsecured business loans
Minimum 2 years of business operations with stable revenue
Minimum ₹10 lakh annual turnover for the last 2 years
Good credit history with CIBIL score of 650 or above
Active business bank account with regular transactions
Complete business and financial documents as required
Simple 5-step process to get your business loan approved
Fill out the simple online application form with basic business details
Upload required business and financial documents through our secure portal
Our team verifies your documents and conducts basic due diligence
Get loan approval within 48 hours with terms and conditions
Sign the loan agreement and receive funds directly in your account
Simple documentation process with minimal paperwork
Why choose PayAssured for your business financing needs
Get funding without pledging any assets or security, making it accessible for all businesses.
Fast processing with loan approval within 48 hours of document submission.
Customizable repayment schedules and loan amounts to suit your business needs.
Attractive interest rates starting from 16% per annum with transparent pricing.
Simple application process with only essential documents required for quick processing.
Dedicated loan advisors to guide you through the entire application and approval process.
Everything you need to know about our Unsecured Business Loans
We offer unsecured business loans ranging from ₹5 lakh to ₹10 crore for various business purposes including working capital, business expansion, equipment purchase, and inventory management. Our loans come with flexible repayment terms from 12 to 60 months and competitive interest rates starting from 16% per annum.
Our loan approval process is designed to be quick and efficient. Once you submit your complete application and all required documents, we typically provide loan approval within 48 hours. The entire process from application to disbursement usually takes 3-5 business days, depending on document verification and completion of formalities.
While we primarily focus on established businesses with at least 2 years of operations, we do consider startups on a case-by-case basis. Startups need to demonstrate strong business potential, have a solid business plan, and meet certain financial criteria. We may require additional documentation and may offer different terms for startup businesses.
We offer flexible prepayment options with minimal or no prepayment penalties. You can prepay your loan partially or in full after a certain period (usually 6-12 months) with nominal charges. This allows you to save on interest costs and improve your cash flow when business conditions improve.
Interest rates are determined based on several factors including your business profile, credit history, annual turnover, loan amount, and repayment tenure. Generally, rates start from 16% per annum and can go up to 20% per annum. Businesses with stronger financials and better credit scores typically qualify for lower interest rates.
Required documents include identity proof (PAN, Aadhaar), business documents (GST registration, business license), and financial documents (bank statements, ITR, audited financials). The exact list may vary based on your business type and loan amount. Our team will provide a customized document checklist during the application process.
Yes, you can apply for additional business loans even if you have existing loans, provided you meet our eligibility criteria and have the capacity to service additional debt. We will assess your total debt-to-income ratio and repayment capacity to determine the loan amount and terms that work best for your business.
We understand that businesses may face temporary cash flow challenges. If you anticipate missing a payment, please contact us immediately to discuss your situation. We offer flexible repayment options and may be able to restructure your loan terms. However, consistent late payments may affect your credit score and future loan eligibility.