The maximum amount available under an unsecured business loan depends on factors such as your business income, credit history, and overall unsecured business loan eligibility. With LendingKart, you can get loan amounts ranging from ₹1 lakh to ₹35 lakh.
With LendingKart, unsecured loan without collateral comes with adaptable repayment options, allowing you to repay the loan through convenient monthly instalments over a tenure of 1 to 3 years.
With LendingKart, there are no foreclosure charges on unsecured loans. You can repay the loan early without worrying about additional penalties.
Yes, taking an unsecured loan can impact your credit score. Timely repayments can improve your score, while delays or defaults may negatively affect it and influence future unsecured business loan eligibility.
You can use an unsecured business loan for a wide range of business needs, such as working capital, inventory purchase, marketing, or operational expenses, subject to the lender’s usage guidelines.
An unsecured loan does not require assets as security. Approval is based on your financial health, credit history, and repayment capacity.
