I want to go for a collateral-free loan for my business.
- Since it involves no asset to be given as security, it helps in maintaining good credit.
- A set limit is given to the lender, till the balance is paid, the credit can be reused.
- It helps maintain the cash flow.
- They have a quick rate of disbursal.
- The repayment process gets over within a short period of time.
- Some lenders also provide flexibility to repay the loans.