Unsecured & secured business finance
Business loans structured around how your business earns
A business loan funds growth — new stock, machinery, a second outlet, or a large order. Lenders look at your turnover, profit, GST filings and banking behaviour, and they assess traders, manufacturers and professionals very differently.
RateWise helps you choose between an unsecured business loan, a secured term loan, a loan against property or a working capital limit — and then compares lenders for the structure that fits. Pricing on unsecured business loans varies widely by profile, so we don't publish a single starting rate.
- Rate
- On profile
- Typical amount
- ₹5 L – ₹75 L unsecured
- Tenure
- Up to 5 years (unsecured)
Rates are indicative and depend on your profile, lender policy and benchmark rates. Final terms are set by the lender.
Who this loan is for
- Proprietors, partnerships and private limited companies
- Traders and wholesalers with strong banking turnover
- Manufacturers and job-work units
- Doctors, CAs and other self-employed professionals
Eligibility
- Business vintage of 2–3 years (some NBFCs consider less)
- Annual turnover typically ₹20 lakh or more
- Two years of filed ITR and, where applicable, GST returns
- Healthy banking with few cheque or EMI bounces
- CIBIL score of 700+ for the best pricing
Documents commonly required
- PAN and Aadhaar of proprietor, partners or directors
- Business PAN, GST registration and Udyam certificate
- 2 years ITR with computation, P&L and balance sheet
- 12 months current account statements
- GST returns for the last 12 months
What affects your interest rate
- Unsecured vs secured — collateral brings the rate down sharply
- Business vintage, profit margins and turnover trend
- Match between GST returns, ITR and bank credits
- Existing EMIs and the credit history of promoters
How RateWise compares lenders
We first decide the right product — for many businesses, a loan against property or a cash credit limit costs far less than an unsecured loan.
We prepare a short credit note so lenders see a clear, consistent picture of the business.
We compare rate, processing fee, tenure, foreclosure terms and whether the lender needs a guarantor.
How the application works
01
Share your profile
A short call or WhatsApp chat about income, existing EMIs and what you need. No documents at this stage.
02
Shortlist lenders
We match your profile to the lenders whose policy fits and apply only where approval is realistic.
03
Compare offers
Sanctions are compared on rate, processing fee, insurance, prepayment terms and tenure — not rate alone.
04
Documentation and disbursal
We help complete the lender's documentation and follow up until the money is disbursed.
Common mistakes to avoid
- Taking an unsecured loan when property-backed finance was available at a much lower rate
- Mismatched turnover across GST, ITR and bank statements
- Using short-tenure loans to fund long-term assets, which squeezes cash flow
Estimate your EMI
₹30,00,000
8.50%
20 years
Monthly EMI
₹26,035
- Principal
- ₹30,00,000
- Total interest
- ₹32,48,327
- Total payable
- ₹62,48,327
Use this calculator to estimate your EMI. Actual EMI depends on the final sanctioned amount, interest rate and tenure offered by the lender.
Want to know what rate you may qualify for?
Check My RateBusiness Loan FAQs
Can I get a business loan if I am self-employed?
Yes. Business loans are designed for self-employed borrowers. Lenders assess your ITR, GST returns and banking rather than salary slips.
Can I get a business loan without collateral?
Yes, unsecured business loans are available if turnover and profit support the EMI. For eligible micro and small units, banks can also lend under the CGTMSE guarantee scheme.
How long does a business loan take?
Unsecured business loans are often sanctioned in 3–7 working days once the file is complete. Secured loans take longer because of valuation and legal checks.