Getting an Online Business Loan up to Rs. 75 Lakh Without Collateral

What is a Collateral-Free Business Loan?

A collateral-free business loan is a type of loan where the borrower does not need to pledge any asset, such as property, equipment, or inventory, to secure funding. Lenders rely on the borrower’s creditworthiness, business performance, and cash flow to evaluate loan eligibility.

Why Choose a Collateral-Free Loan?

• No Risk to Assets: Business owners retain full ownership of their assets, reducing financial risk.
• Quick Access: Faster processing since the lender doesn’t need to evaluate collateral.
• Ideal for SMEs and Startups: Suitable for businesses that lack substantial fixed assets.

Explore More: If you're looking for additional funding options, check out our Government Grants Services.

Features of an Online Business Loan up to Rs. 75 Lakh

Here are the standout features of collateral-free online business loans:

1️. High Loan Amount

Borrow up to Rs. 75 Lakh, making it suitable for working capital, inventory purchase, expansion, or marketing campaigns.

2️. No Collateral Required

Unlike traditional loans, you don’t need to pledge any assets, making it easier for small businesses to access funds.

3️. Fast Processing and Disbursement

Online platforms ensure quick approvals and disbursements within 48–72 hours, ideal for urgent financial needs.

4️. Flexible Repayment Terms

Choose repayment tenures ranging from 6 months to 5 years, allowing you to align EMIs with cash flow.

5️. Minimal Documentation

Lenders require only basic business and financial documents, making the process hassle-free.

Eligibility Criteria for Collateral-Free Loans

Here’s what you need to qualify for an online business loan:

1. Business Age

Minimum of 1–2 years in operation.

2. Turnover

Annual turnover of at least Rs. 25–50 Lakh is preferred, although it may vary by lender.

3. Credit Score

A CIBIL score of 650+ improves the chances of approval, but some lenders accept lower scores.

4. Income Proof

Bank statements for the past 6–12 months to demonstrate consistent cash flow.

5. Business Type

Sole proprietorships, partnerships, private limited companies, and MSMEs are eligible.

How to Apply for an Online Business Loan up to Rs. 75 Lakh

Step 1: Research Lenders

Compare banks, NBFCs, and online lending platforms to find the best interest rates, repayment terms, and eligibility criteria.

Step 2: Prepare Documents

Gather basic documents like:

• Business registration proof.
• PAN card and Aadhaar card.
• Bank statements (last 6–12 months).
• GST filings and income tax returns.

Step 3: Apply Online

Visit the lender’s official website or download their app. Fill out the application form and upload the required documents.

Step 4: Loan Evaluation

Lenders will evaluate your creditworthiness, business performance, and cash flow to determine loan approval.

Step 5: Loan Disbursement

Once approved, the loan amount will be disbursed to your bank account, usually within 48–72 hours.

Benefits of Collateral-Free Online Loans

1. Quick Access to Funds

Online loans provide faster approvals and disbursements, saving time during financial emergencies.

2. No Asset Risk

Since no collateral is required, you don’t risk losing business or personal assets.

3. Convenience

Apply from anywhere, anytime using digital platforms, eliminating the need to visit branches.

4. Build Credit History

Repaying the loan on time can improve your credit score, making it easier to secure future loans.

5. Customizable Options

Choose loan tenures, repayment schedules, and EMI amounts that suit your business cash flow.

Top Platforms for Collateral-Free Online Business Loans

1️. Banks

Banks like HDFC Bank, ICICI Bank, and State Bank of India (SBI) offer unsecured business loans up to Rs. 75 Lakh.

Interest Rates: 8%–14%.

2️. NBFCs

Leading NBFCs like Bajaj Finserv, Lendingkart, and Clix Capital provide fast approvals for online loans.

Interest Rates: 12%–24%.

3️. Government Schemes

MUDRA Loans and Stand-Up India offer collateral-free loans under specific conditions.

Interest Rates: As low as 8.5%.

Tips for Securing an Online Business Loan

1. Maintain a Healthy Credit Score

Timely repayment of previous loans and credit card bills helps build trust with lenders.

2. Demonstrate Strong Cash Flow

Lenders prefer businesses with consistent cash flow to ensure loan repayment.

3. Apply to the Right Lender

Choose a lender whose eligibility criteria align with your business profile.

4. Avoid Multiple Applications

Applying to multiple lenders at once can negatively impact your credit score.

5. Provide Accurate Documentation

Ensure all business and financial documents are correct and up-to-date.

Pro Tip: Learn convincing organizations for funding with our Pitch Deck Services .

Conclusion: Why Opt for an Online Business Loan Without Collateral?

An online business loan up to Rs. 75 Lakh without collateral is the perfect solution for small and medium enterprises looking to expand, manage working capital, or fund new ventures. With faster processing, minimal documentation, and flexible repayment options, these loans provide the financial boost businesses need to thrive in today’s competitive market.

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