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

2018-12-12 : SBI plans to disburse Agri loans digitally
In a bid to provide digital loans to the farmers, State Bank of India (SBI) has announced that soon it is going to roll out this service to provide convenience to the farmers. For this purpose, the bank has also tied up with some of the fin-tech lenders to keep the land record of farmers.
2018-12-11 : ICICI Bank introduces Money Coach
Private sector lender, ICICI Bank has recently introduced Money Coach, India’s first and only software robotics algorithm-led investment advisory application on mobile. Money Coach will enable customers to analyse their customer’s financial transactions, financial health report keeps an eye on the credit card usage and evaluation of their capability to repay personal, home and business loans.
2018-12-10 : SBI hikes FD rates, loans to get costlier
Recently, SBI has raised interest rates on fixed deposit (FD) by 15-80 basis points (bps) in 2018 across select maturities. The hike in the respective FD rates will result in the increasing interest rates on home loans, business loans and personal loans due to a high rate of returns on loans.
2018-12-07 : SBI looking to buy NBFC loans to fulfill priority sector commitments
State Bank of India (SBI) is looking forward to purchasing loans from NBFCs to fulfil their priority sector commitments. The bank’s chairman said that the growth in FY19 will be in-line with industry growth. Currently, its loan growth stands at 14 percent and industry growth rate at 15 percent. It has further plans to achieve strong growth in savings deposit and loans portfolio.
2018-12-05 : SBI to look after retail expansion strategy
State Bank of India (SBI) is looking forward to further expand its retail growth including business loans and personal loans. The bank is also planning to buy a portfolio of assets from several NBFCs in housing, MSME and microfinance space, which will help boost its loan book.

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Unsecured Business Loan in India Dec 2018

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