Is my business eligible for an Unsecured Business Loan? - PowerPoint PPT Presentation

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Is my business eligible for an Unsecured Business Loan?

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The eligibility criteria for unsecured business loan lenders in India depend upon various factors. In this blog, we’ve discussed them exhaustively. Click here to read. – PowerPoint PPT presentation

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Title: Is my business eligible for an Unsecured Business Loan?


1
  • Is my business eligible for an Unsecured Business
    Loan?

2
  • Introduction
  • Unsecured Business Loans Are Very Popular Due To
    The Speedy Processing Of Applications
  • The Interest Rate For UBL Is Slightly High

3
  • Eligibility Criteria For Availing UBL Without
    Security
  • The Business Must Have Been Operational For At
    Least Three Years
  • The Business Should Have A Reasonably Solid
    Credit And Financial History
  • The Businessman Needs To Provide Some Sort Of
    Guarantee Of Repayment

4
  • Eligibility Criteria For Availing UBL Without
    Security
  • The Borrower Should Submit A Business Plan To
    Prove The Financial Viability Of The Business
  • Annual Turnover Of The Business Is Likely To Be
    An Important Factor

5
  • Documents For UBL
  • Application Form, Duly Filled
  • Proof Of Registration/License Of The Business
  • KYC Documents (Self-attested Copies) As
    Specified, Of The Borrower And Guarantors, If Any
  • Audited Annual Financial Statements Of The
    Business

6
  • Documents For UBL
  • Bank Statements For The Last Six Months
  • GST Returns For The Previous Financial Year
  • List Of Directors And Their Shareholding Patterns
    As Applicable
  • Signed List Of Existing Term Loans And Working
    Capital Facilities

7
  • Tips To Get A UBL
  • Make Sure Your Financial Statements Are Audited
  • Ensure All The Documents Are Prepared
  • Prepare A Detailed Business Plan
  • If You Are A Start-up, You Can Try Getting A
    Secured Loan At First And Then Apply For UBL

8
Thank You !Would Love to Hear From You
  • Hero FinCorp Limited
  • 09, Basant Lok, Vasant Vihar, New Delhi - 110057
  • Tel. 18001024145
  • Email Id Corporate.Care_at_HeroFinCorp.com
  • Website https//www.herofincorp.com/
  • Know more- Is my business eligible for an
    Unsecured Business Loan?
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