At Hinduja Leyland Finance, we understand that businesses are unique, each with varying financial needs. That's why our Unsecured Business Loans without security are meticulously crafted to meet the diverse requirements of businesses, whether you are a small enterprise with an annual turnover as low as 4 lakhs rupees or a growing business. Our business loans offer flexibility with repayment terms ranging from 12 to 36 months, and we provide zero collateral or security loans, enabling access to funds of up to 10 lakhs. Trust us for tailored financial solutions.
No collateral
required
Attractive Interest
rates
Quick and easy
online
application
Flexible repayment
Rs 1970 per month
onwards
Loan amount
starting from
No collateral
required
Attractive Interest
rates
Quick and easy
online
application
Flexible repayment
Rs 1970 per month
onwards
Loan amount
starting from
No collateral
required
Attractive Interest
rates
Quick and easy
online
application
Flexible repayment
Rs 1970 per month
onwards
Loan amount
starting from
Apply for Unsecured Personal loans in less than 5 mins
Click on the
"Apply Now"
Drop your contact
details
The representative will
get in touch with you to
process your application
Get your loan
approval within 3
days
Your loan amount is
credited to your bank
account.
Apply for Unsecured Personal loans in less than 5 mins
Click on the
"Apply Now"
Drop your contact
details
The representative will
get in touch with you to
process your application
Get your loan
approval within 3
days
Your loan amount is
credited to your bank
account.
Click on the
"Apply Now"
Drop your contact
details
The representative will
get in touch with you to
process your application
Get your loan
approval within 3
days
Your loan amount is
credited to your bank
account.
Click on the
"Apply Now"
Drop your contact
details
The representative will
get in touch with you to
process your application
Get your loan
approval within 3
days
Your loan amount is
credited to your bank
account.
The following criteria make you eligible to apply for an Unsecured Business loan from Hinduja Leyland Finance
Minimum Rs. 4 lakhs
per year
Business proof of 3+ years
Any udyam registered MSME business that has business
proof of the last 3 years
Fees and charges
Our commitment to openness extends to our Business Loan offerings, where we believe in providing clear and upfront information about the fees and charges associated with our products. we strive to ensure that every step of the loan process is characterized by transparency and fairness.
Processing fee | 2% + GST |
Loan disbursal time | Min 3 days |
Bounce Charges | Rs 500 per instance + GST |
Late payment charges | 3% per month on overdue amount |
Pre payment/foreclosure charges | Within 6 months: Pre closure not allowed 6 to 12 months: 10% on Principal outstanding After 12 months: 5% on Principal outstanding |
Stamp duty | As per state |
Getting a Personal Loan from us is a hassle free process. We believe in keeping things simple.
Any utility bill (Electricity,
water, gas)
Passbook, Canceled cheque
Loan EMI Calculator assists in calculation of the loan installment
Your EMI is
₹Total Payment:
₹Total Interest:
₹You can apply for an unsecured business loan with HLF by submitting an application along with the required documents.
You need to provide Identity documents (Adhaar card, PAN Card of applicant and co-applicant, Udhyam Adhaar and PAN), Income proof – ITR/Bank statement/ Balance sheet/ Income statement.
There is a minimum of Rs. 1 lac and maximum loan of Rs. 10 lac basis factors including but not limited to income, credit history. Please contact HLF at 18002022500 for specific details.
The typical turnaround time for loan approval is a minimum of 3 days.
The interest rate for unsecured business loans starts at 24% IRR.
The available loan terms would depend on the specific policies of HLF.
Yes, you can make extra payments or pay off your unsecured business loan early.
Yes, there is a penalty for early repayment of an unsecured business loan. No preclosure for less than 6 months from date of disbursement; 6-12 months from date of disbursement : 10% on principal outstanding; more than 12 months from date of disbursement : 5% on POS.
If you miss a payment on your unsecured business loan, you will be charged late payment charges of 36% PA, 3% pm on overdue amount.
The eligibility criteria include a minumum business age of 2 years, business registered in India, annual turnover of Rs. 12 lakhs, Udyam registration required, GST registration.
This would depend on the specific policies of HLF.
There may be restrictions on how you can use the funds from an unsecured business loan depending on the specific policies of HLF.
Yes, your business and financial information should be secure when applying for an unsecured business loan.
Yes, there are additional fees associated with unsecured business loans such as a processing fee starting at 2% + GST, bounce charges of Rs 500 per instance + GST, and stamp duty as per state.
This would depend on the specific policies of HLF.
After your unsecured business loan is approved, you will receive further instructions from HLF regarding the next steps.
Once your unsecured business loan is approved, your funds will be disbursed to your designated bank account.
No collateral is required for unsecured business loans but a co-applicant is required.
The loan approval process involves submitting an application along with required documents, after which your application will be reviewed and if approved, funds will be disbursed within a minimum of 3 days.
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