I need funds urgently. What's the fastest way to get a business loan?

I need urgent funds for business expansion.

If you want urgent funds for your business, the best option is to go for an unsecured loan from an NBFC.

NBFC s have a simple online application process, the documentation required is minimal, and the loan disbursal is also quick, in some cases as less as 3 days.

But before you go ahead with the application, it is advisable to check the eligibility first.

Eligibility for a quick unsecured loan is as follows:

  • Business turnover (minimum Rs. 15 lakhs)
  • Age of the applicant (minimum of 21 years)
  • The activity of the business (minimum 1 year)
  • ITR should be more than 2.5 lakhs of the previous year
  • Credit score (between 750-900, a credit score above 750 considered good)
  • Place of business operation should not be the owner’s house
  • Business premises should be owned by the owner