Unsecured Business Loan across cities in India

Product Features	Loan Against Property	Unsecured Business Loan
Maximum Loan amount	Up to 60% of the property value	Rs. 10 lakhs to Rs. 1 crore
Loan Tenure	5 - 15 years	1 - 5 years
Interest Rate	8.80% – 15%	13.50% onwards

Loan Amount	Cashback
Rs. 12 lakh and above	Rs. 2,500
Rs. 8 lakh - less than Rs. 12 lakh	Rs. 1,500
Rs. 6 lakh - less than Rs. 8 lakh	Rs. 1,000
Rs. 4 lakh - less than Rs. 6 lakh	Rs. 500
Less than Rs. 4 lakh	Rs. 200

2019-02-20 : SBI launches Sahyog and Sampark programme for SMEs in Meerut
State Bank of India (SBI) has announced the launch of a 100-day campaign in the city Meerut for SMEs as well as MSMEs in the region. The SBI Chairman has also distributed 59 loan sanction letters to SMEs and MSMEs amounting to Rs. 14.54 crore during the campaign. In addition to this, the bank also has plans to further develop alternative loan options to facilitate the requirement of MSMEs.
2019-02-15 : Banks step up lending to the corporate sector
The lenders including SBI, PNB and ICICI Bank are planning to increase their lending to the corporate sectors. SBI has reported a 20.67% growth in total corporate lending at Rs. 7.74 lakh crore as against Rs. 6.42 lakh crore in the same period last year. PNB also saw a 28% growth in medium enterprise loans, while ICICI Bank has witnessed a continued growth at 10% in domestic corporate lending, excluding restructured loans, among others.
2019-02-15 : Bajaj Finance to infuse 10,000 crores into Bajaj Housing Finance in March
Bajaj Finance is set to infuse 10,000 crores into its wholly owned mortgage lending arm Bajaj Housing Finance during the month of March 2019. The funds granted to them will help them to further expand their housing finance business. The company also has plans to strengthen its housing and business loans portfolio this year with the rise in the number of home loan disbursements.
2019-02-14 : Government sanctions Rs. 6500 crore Mudra loans to textile SMEs
The government has sanctioned Rs. 6,500 crore Mudra loan under Pradhan Mantri Mudra Yojana (PMMY) to the textile sector MSMEs. The funds granted to them will help them to expand their small scale business and set up their own micro financial units.
2019-02-14 : HDFC Bank ramps up lending to small companies to boost profitability
HDFC Bank is ramping up its lending to small companies that would help it boost profitability. The lender has managed to disburse MSME loans of up to Rs. 1,200 crore till the date. The bank has made it easier for the small scale borrowers to avail these loans in an easier way by granting final approval in only just three to five hours.

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Unsecured Business Loan in India Feb 2019

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