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Your Trust, Our Capital, Unsecured
Business Loans You Can Rely On!
Your Trust, Our Capital, Unsecured
Business Loans You Can Rely On!

Unsecured Business loans

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.

Benefits

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

Steps to apply

Apply for Unsecured Personal loans in less than 5 mins

Step 1

Click on the
"Apply Now"

Step 2

Drop your contact
details

Step 3

The representative will
get in touch with you to
process your application

Step 4

Get your loan
approval within 3
days

Step 5

Your loan amount is
credited to your bank
account.

Steps to apply

Apply for Unsecured Personal loans in less than 5 mins

Step 1

Click on the
"Apply Now"

Step 2

Drop your contact
details

Step 3

The representative will
get in touch with you to
process your application

Step 4

Get your loan
approval within 3
days

Step 5

Your loan amount is
credited to your bank
account.

Step 1

Click on the
"Apply Now"

Step 2

Drop your contact
details

Step 3

The representative will
get in touch with you to
process your application

Step 4

Get your loan
approval within 3
days

Step 5

Your loan amount is
credited to your bank
account.

Step 1

Click on the
"Apply Now"

Step 2

Drop your contact
details

Step 3

The representative will
get in touch with you to
process your application

Step 4

Get your loan
approval within 3
days

Step 5

Your loan amount is
credited to your bank
account.

Eligibility Criteria

The following criteria make you eligible to apply for an Unsecured Business loan from Hinduja Leyland Finance

Type of business

  • Self-employed professionals
  • Self-employed non-professionals
  • Sole proprietors
  •  Partnerships
  • LLPs
  • Private Ltd. etc

Business turnover

Minimum Rs. 4 lakhs
per year

Business Age

Business proof of 3+ years

Business registration

Any udyam registered MSME business that has business
proof of the last 3 years

Interest Rates and Changes

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

Documents Required

Getting a Personal Loan from us is a hassle free process. We believe in keeping things simple.

Identity Documents

  • Aadhar Card of applicant
    and co applicant
  • PAN of applicant &
    Co applicant
  • Professional degree and
    certificate for operation

Business Address Proof

Any utility bill (Electricity,
water, gas)

E Nach

Passbook, Canceled cheque

Income Proof

  • 12 month Bank statement
  • CA attested ITR +
    Computation of last 3 years
    and property ownership
    proof (only for availing
    loans more than 5lakhs)

EMI Calculator

Loan EMI Calculator assists in calculation of the loan installment

100,000
22.0%
12

Your EMI is


Total Payment:

Total Interest:

FAQs

Unsecured Personal loans related FAQ’s

How do I apply for an unsecured business loan with HLF?

You can apply for an unsecured business loan with HLF by submitting an application along with the required documents.

What documents and information do I need to provide when applying for an unsecured business loan from HLF?

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.

What is the minimum and maximum loan amount available for unsecured business loans?

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.

What is the typical turnaround time for loan approval?

The typical turnaround time for loan approval is a minimum of 3 days.

What are the interest rates for unsecured business loans?

The interest rate for unsecured business loans starts at 24% IRR.

What are the available loan terms for unsecured business loans?

The available loan terms would depend on the specific policies of HLF.

Can I make extra payments or pay off my unsecured business loan early?

Yes, you can make extra payments or pay off your unsecured business loan early.

Is there a penalty for early repayment of an unsecured business loan?

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.

What happens if I miss a payment on my unsecured business loan?

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.

What are the eligibility criteria for obtaining an unsecured business loan?

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.

Do you offer unsecured business loans for startups or new businesses?

This would depend on the specific policies of HLF.

Are there restrictions on how I can use the funds from an unsecured business loan?

There may be restrictions on how you can use the funds from an unsecured business loan depending on the specific policies of HLF.

Is my business and financial information secure when applying for an unsecured business loan?

Yes, your business and financial information should be secure when applying for an unsecured business loan.

Are there any additional fees associated with unsecured business loans?

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.

Do you offer options for loan deferment or restructuring in case of financial hardship?

This would depend on the specific policies of HLF.

What is the process after my unsecured business loan is approved?

After your unsecured business loan is approved, you will receive further instructions from HLF regarding the next steps.

How will my business receive the funds once the unsecured business loan is approved?

Once your unsecured business loan is approved, your funds will be disbursed to your designated bank account.

Is collateral or a personal guarantee required for unsecured business loans?

No collateral is required for unsecured business loans but a co-applicant is required.

What is the loan approval process?

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.

Important Links

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How do I obtain a Duplicate Repayment Schedule for my loan account?
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