Know about the Finance and Investments Terms

There are numerous financial institutions offering you an unsecured business loan in Surat with easy eligibility criteria and attractive EMI options. Certain NBFCs offer you loan amount up to INR 30 lakh, along with loan approval within 24 hours. 

Eligibility for an unsecured business loan:

• Business registration certificate (Govt.)

• The minimum operational history of one year

• The borrower must be between 25-55 years old and must have at least 3 years old business for availing a loan.

• The applicant must submit the relevant financial documents as proof of business establishment, along with other necessary information. 

• It is also crucial for maintaining a good credit score (about 750 or more) to avail an unsecured business loan

•  The applicant must have a steady income at the end of every month/year.

Documents

• Business Registration Proof

• Bank statement of the last 6 months

• KYC documents of the applicant, as well as the business entity

Businesses can easily apply online for short-term unsecured business loans at a lower interest rate at any bank or NBFC through simple online procedure. You even get flexible repayment schedule that ensures you would experience nothing but utmost convenience. 

Read Also: How Can You Grow Your Textile Business in Surat with an Unsecured Business Loan