BUSINESS LOAN(Unsecured)
Smart Funding for Ambitious Businesses.
An Unsecured Business Loan from M M Loans provides fast and flexible financing for entrepreneurs, SMEs, and professionals without the need for property or security. Whether you want to improve cash flow, buy inventory, upgrade machinery, or expand, we ensure a seamless loan experience with the best offers from top banks and NBFCs.
- Zero collateral required
- Fast processing & quick disbursement
- High loan amounts based on profile
- Flexible EMI & tenure options
- Attractive interest rates
- Minimal documentation
Eligible Borrower
Proprietorship firms
Partnership firms
LLPs
Private Limited / Public Limited Companies
MSMEs, traders, manufacturers, service providers
Residency
Business must be registered and operating in India
Age of Applicant / Promoters
Minimum: 21–25 years
Maximum: 65–70 years at loan maturity
Business Vintage
Minimum 2–3 years of continuous business operations
Proven track record and stability
Turnover Requirement
Minimum annual turnover as per bank norms
Consistent sales and cash flows required
Income & Cash Flow
Stable income and sufficient cash flow to service EMIs
Assessed through bank statements and financials
Credit Score (CIBIL)
Generally 700 or above preferred
Clean credit history with no major defaults or NPAs
Loan Amount Eligibility
Based on turnover, profitability, and repayment capacity
EMI generally capped at 40–50% of monthly income
Purpose of Loan
Business expansion
Working capital needs
Purchase of equipment or inventory
Marketing and operational expenses
Banking Conduct
Satisfactory account operations
Regular transactions in business accounts
Existing Liabilities
Other loans and EMIs considered during assessment
Guarantee
Personal guarantee of proprietor / partners / directors generally required
Duly filled Unsecured Business Loan Application Form
KYC Documents (Mandatory)
PAN Card of applicant / business (mandatory)
Aadhaar Card / Passport / Voter ID / Driving Licence
Recent passport-size photographs of applicant / partners / directors
Business Registration / Proof
GST Registration Certificate
Shop & Establishment Certificate / Trade Licence
Udyam (MSME) Registration (if applicable)
Partnership Deed / Certificate of Incorporation / LLP Agreement
Address Proof (Business & Residential)
Utility bills (electricity / water – recent)
Rent agreement or ownership proof
Income / Financial Documents
Income Tax Returns (ITR) for last 2–3 years
Profit & Loss Account and Balance Sheet (if applicable)
Bank Statements
Last 6–12 months current account / savings account statements
Turnover Proof
GST returns (GSTR-1, GSTR-3B) where applicable
Sales invoices (if required)
Existing Loan Details (if any)
Sanction letters and repayment statements
Guarantee Documents
Personal guarantee of proprietor / partners / directors
Other Declarations (as per RBI norms)
Credit bureau consent
Business profile / brief note on fund utilization
Comparison of Business Loan Rates and Fees
| Bank | Loan Amount | Business Loan Interest Rates* | Lowest EMI per lakh for Max Tenurer | Processing Fee on the Loan Amount |
|---|---|---|---|---|
|
SBI Bank |
Rs.1Billion Max |
11.20%– 16.30% |
Rs.2,594 for 48 months |
2% to 3% |
|
HDFC Bank |
Rs.50 Lakhs Max |
15.50%– 18.30% |
Rs.2,808 for 48 months |
0.99% onwards. Max 2.50% |
|
ICICI Bank |
Rs.40 Lakhs Max |
12.90%– 16.65% |
Rs.2,270 for 60 months |
0.99% onwards. Up to 2% |
|
Axis Bank |
Rs.50 Lakhs Max |
15.50%to 24% |
Rs.2,405 for 60 months |
Up to 2% |
|
RBL Bank |
Rs.10 Lakhs Max |
20.00%– onwords |
Rs.2,649 for 60 months |
3% |
|
Kotak Bank |
Rs.75 Lakhs Max |
16.00%– 19.99% |
Rs.2,432 for 60 months |
Up to 2% |
|
Lendingkart |
Rs.1 Crore Max |
18.00%– onwords |
Rs.9,168 for 12 months |
2% |
|
Bajaj Finserv |
Rs.30 Lakhs Max |
Interestrate 18% onwards |
Rs.2,938 for 48 months |
Up to 2% |
|
Deutsche Bank |
Rs.50 Lakhs Max |
24.00% |
Rs.3,923 for 36 months |
Up to 3% |
|
Edelweiss |
Rs.30 Lakhs Max |
18.25%onwards |
Rs.2,553 for 60 months |
2% onwards |
|
Fullerton India |
Rs.50 Lakhs Max |
16.00%onwards |
Rs.2,834 for 48 months |
2% |
|
Tata Capital |
Rs.50 lakhs Max |
18.00%onwards |
Rs.2,938 for 48 months |
1.50%to 2.50% |
|
Ziploan |
Rs.5 Lakhs Max |
Interestrate 1-1.5% per month(Flat). |
|
3% |
- Multiple secured loan options from top banks
- Transparent processing & expert documentation support
- Tailored solutions based on your business cash flow
- Fast approvals and end-to-end assistance
Get Quick Collateral-Free Funding — Apply Now!
