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

2019-06-26 : RBI-formed committee wants government loan portal to support startups
An expert committee on MSME has suggested that the government-owned online loan application portal, Psbloansin59minutes should increase coverage and extend loans to startups. The platform allows both the private as well as public sector lenders to participate in the loan disbursal process to MSMEs to cater to their business requirements.
2019-06-25 : State government to offer loans to additional 10 lakh farmers during FY19
The State government has decided to provide loans to an additional 10 lakh farmers this year. For this, the government is planning to offer loans of up to Rs. 30,000 per farmer to meet their agricultural related expenses. In addition, the center has also decided to provide the benefit of subsidy to the new farmers in comparison to the old ones who have applied for the loan for three consecutive years.
2019-06-24 : SBI plans to extend credit to Singapore-based SMEs by introducing SBI YONO (SBI, BL)SBI plans to extend credit to Singapore-based SMEs by introducing SBI YONO
In a bid to enhance its relationship across small and medium enterprises (SMEs), the State Bank of India (SBI) is planning to extend credit to Singapore-based SMEs. Seeing the high competition among the fintech companies, the Lender is also aiming to introuce its SBI YONO app, which will help manage the financial services in Singapore.
2019-06-21 : ICICI Bank organizes SME Growth Summit in association with BusinessLine
In a bid to explore growth opportunities for SMEs, ICICI Bank and BusinessLine have organized a new initiative, SME Growth Summit. The initiative is meant to bring industry leaders and experts together to figure out how SMEs can tap global trade and grow their business.
2019-06-21 : Flipkart ties up with banks, NBFCs to offer quick loans to sellers
In a bid to offer working capital loans to sellers, Flipkart has tied up with few banks and NBFCs. Loans of up to Rs. 3 crore will be provided to sellers and partners within two days at a rate of 9.5%. For this purpose, the company has roped in a few banks and NBFCs including SBI, Bank of Baroda, Axis Bank, Tata Capital, and LendingKart, among others.

*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.

Unsecured Business Loan in India Jun 2019

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