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+91-9537-124 124
care.f@livanity.com
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A-504, Rajnigandha Apartment
VADODARA-390021,GUJARAT,India.
Unsecured Business Loan
Unlike secured loans, which are backed by assets such as property, equipment, or inventory, unsecured loans are granted solely based on the creditworthiness of the business and its ability to repay the loan. These loans are typically offered to small and medium-sized enterprises (SMEs) or startups that may not have sufficient assets to pledge as collateral. Interest rates for unsecured business loans in India may be higher compared to secured loans, as lenders take on greater risk by not having collateral to recover their funds in case of default.
Following are the procedure steps:
1. Research and Preparation:
Understand the terms, interest rates, and eligibility criteria of various loan products.
Prepare your business plan, financial statements, and any other documents required by the lender.
2. Check Eligibility: 3. Application: 4. Assessment and Verification:
5. Loan Approval:
They will communicate the loan amount, interest rate, repayment terms, and any other conditions attached to the loan.
6. Documentation and Agreement:
Make sure to carefully read and understand all terms and conditions before signing.
7. Disbursement:
Ensure that you use the funds for the intended business purposes.
8. Repayment:
Make timely payments to avoid penalties and maintain a good credit history.
9. Follow-Up and Support:
Maintain regular communication and update them on your business's financial performance.
Here are a few reasons for you to apply for a Unsecured Business Loan at Livanity:
Fast assistance: At Livanity, you can contact us at any official working hours of the day.
Customer needs in forefront:
Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking Unsecured Business Loan offers based on customer profile, we try to give you the most personalized experience.
Compare Offers Online:
With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.
Real-time customer support:
Our customer support team is fast and efficient to clear all your doubts regarding loan eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.