Unsecured Personal Loan

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Unsecured Personal Loan
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Unsecured Personal Loan

• When internal sources of finance are inadequate
  for business operations, small and medium
  businesses often go in for either secured or
  unsecured loans.
• Secured loans are also called asset-backed
  lending, issued usually against collaterals like
  inventory, unpaid invoices, equipment and real
  estate.
• In contrast, unsecured loans are given on the
  strength of creditworthiness of the borrower and
  there is no hypothecation or lien on the assets
  of the borrower.

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Unsecured Personal Loan

• Cases When Secured Loans are the best
  solutions
• Where the financial need is long-term and is not
  intended to be repaid in the short run
• Where the business has strong investments in
  property/ equipment/ other collaterals that can
  be availed credit against
• Where your credit score is not very impressive
  enough for an unsecured loan
• Where you might need top-up loans
• Where your repayment instalments are not very
  high, meaning you need a long repayment period

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Unsecured Personal Loan

• Cases When Unsecured Loans are more profitable
• Where you need immediate cash injection and
  cannot wait for the valuation process for
  collaterals to get over.
• Where there is no collateral at hand that can be
  pledged
• Where you do not wish to risk your personal
  assets
• If the loan is for short-term use and you have
  good monthly revenue for repayment
• Where you are not in need of huge amounts that
  may require collateral to obtain a loan

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Unsecured Personal Loan

• Secured loans come with lower rates of interest
  and a longer repayment period when compared to
  unsecured loans.
• Lenders of secured loans are usually
  institutional and SMEs need not fear falling prey
  to unscrupulous loan sharks who torment borrowers
  with high rates of interest.

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Unsecured Personal Loan

• Unsecured loans can be availed of even if you do
  not have any collaterals but can demonstrate an
  excellent trading position.
• Furthermore, unlike secured loans you do not have
  to approach regulated and traditional banks.
• There are thousands of online FinTech companies
  to the advantage of SMBs. In the unfortunate
  event of bankruptcy, courts may discharge your
  unsecured debts but not those that are secured.

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Unsecured Personal Loan

• Address
• No. 86, New No. 74, 4th Floor
• 5th Avenue, V Block,
• Anna Nagar,
• chennai-600040

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Unsecured Personal Loan

• Contact
• 6369664867
• G-Mail
• care_at_vserveloans.com