Unsecured Small Business Loans
We help you make an informed choice regarding the loan you wish to avail.
Unsecured Small Business Loans
Loans without collateral to fulfill your needs for business credit. With quicker and more convenient access to funds, thanks to RBL Bank's unsecured small business loan, you get to grow your microbusiness to new heights.
Key Benefits
- Amount of loan up to INR 10 lakhs
- Convenient 12 to 60-month loan repayment terms
- No-collateral Loan
- Favorable Interest Rates
- Quick and Easy procedure
- Minimum age for loan application is 25 years, while the maximum age at loan maturity is 65 years.
- Customer segment: Individual, Sole Proprietor, and Proprietorship firms.
- Residential Business stability: 3 years in the same residence and business location.
- Track record: For loans over INR 3 lakhs, the customer must have a minimum of one 6-month-old track record for any loan, including unsecured EMI-based loans, home loans, motorcycle loans, and other loans.
- 3 years in the current industry at the very least of experience.
- PAN Card - For Individual/Partnership Firm
- Identity Proof - Any one (e.g. Voter ID/Driving License/Passport)
- Address Proof - Any one (e.g. Voter ID/Driving License/Passport/Telephone Bill/Electricity Bill/Registered Lease Deed or Sale Agreement/Bank Statement)
- Business Continuity Proof - Any one document dated 3 years old (Bank Statement/Sales Tax Challans/IT Returns/Shop & Est. Certificate/Partnership Deed)
- Income Proof
- ITR with financials for at least one year filed at least 4 months before the date of application
- VAT returns
- Bank credits for the last 6 months validated through an original statement
- Kachha Bills/Purchase Bills/Purchase or Sales registers
Points to Note | Disclaimer
- Co-applicant is mandatory for all loans.
- Terms and Conditions apply.
- All loans are approved at the sole discretion of RBL Bank.
- We will update you about the loan decision in approximately 14 working days from the date of receipt of the completed application form and all the required documents.