Is my business eligible for an Unsecured Business Loan?

1

• Is my business eligible for an Unsecured Business
  Loan?

2

• Introduction
• Unsecured Business Loans Are Very Popular Due To
  The Speedy Processing Of Applications
• The Interest Rate For UBL Is Slightly High

3

• Eligibility Criteria For Availing UBL Without
  Security
• The Business Must Have Been Operational For At
  Least Three Years
• The Business Should Have A Reasonably Solid
  Credit And Financial History
• The Businessman Needs To Provide Some Sort Of
  Guarantee Of Repayment

4

• Eligibility Criteria For Availing UBL Without
  Security
• The Borrower Should Submit A Business Plan To
  Prove The Financial Viability Of The Business
• Annual Turnover Of The Business Is Likely To Be
  An Important Factor

5

• Documents For UBL
• Application Form, Duly Filled
• Proof Of Registration/License Of The Business
• KYC Documents (Self-attested Copies) As
  Specified, Of The Borrower And Guarantors, If Any
• Audited Annual Financial Statements Of The
  Business

6

• Documents For UBL
• Bank Statements For The Last Six Months
• GST Returns For The Previous Financial Year
• List Of Directors And Their Shareholding Patterns
  As Applicable
• Signed List Of Existing Term Loans And Working
  Capital Facilities

7

• Tips To Get A UBL
• Make Sure Your Financial Statements Are Audited
• Ensure All The Documents Are Prepared
• Prepare A Detailed Business Plan
• If You Are A Start-up, You Can Try Getting A
  Secured Loan At First And Then Apply For UBL

8
Thank You !Would Love to Hear From You

• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- Is my business eligible for an
  Unsecured Business Loan?