Unsecured Business Loans can be applied for by self-employed individuals, Sole Proprietors, Partnership Firms, Private Limited Companies, and LLPs that meet the lender’s eligibility criteria.

The loan amount generally ranges from ₹50,000 to ₹100 Lakhs, depending on the borrower's financials, credit profile, business turnover, and the lender’s policies.

Unsecured Business Loans usually have a repayment tenure of 12 to 60 months, though some lenders may offer shorter or more flexible terms.

No, Unsecured Business Loans do not require any collateral or security to be pledged.

Eligibility is based on several factors, including a minimum business vintage of 1 to 3 years, a stable turnover, a good credit score, and a clean repayment record.

Loan disbursement usually takes between 2 to 7 working days after all required documents are submitted and verified, although some digital lenders may process it faster.

Yes, you can repay the loan early, but some lenders may charge a prepayment fee, typically between 2% to 5% of the outstanding amount, while others may allow free prepayment after a certain period.

The loan can be used for various business purposes such as working capital, inventory purchase, marketing, business expansion, or operational expenses, but not for personal use or speculative investments.

In case of default, you may face late payment penalties, legal recovery proceedings, and a negative impact on your credit score, even though the loan is unsecured.

Yes, startups can apply if they have a minimum operational track record of three years, steady monthly revenue, and a good promoter credit profile, though many lenders prefer businesses with more financial history.