1 / 8

Business Loan Without Collateral: What are the pros and cons

The biggest advantage of an Unsecured Business Loan is that it is collateral-free. However, that doesnu2019t rule out the disadvantages. Here are the factors you should consider before opting for it.

HeroFinCorp
Download Presentation

Business Loan Without Collateral: What are the pros and cons

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Business Loan Without Collateral: What are the pros and cons

  2. Introduction • Running A Business Or Growing A Business Needs Funds • Business Owners Can Avail Unsecured Business Loans

  3. What is Unsecured Business Loan? • An Unsecured Loan For Business Is A Business Loan Without Collateral • The Lender Provides UBL Without Getting Any Security Or Asset • However, The Lender May Ask For A Personal Guarantee To Repay The Loan Taken For Business

  4. Merits of UBL • It Is Less Time-consuming As Loans Are Approved Fast • There Is No Risk Of Losing The Property Or Asset • It Helps You Build Your Credit History

  5. Home Renovation Loan • You Can Easily Avail Of Up To Rs.1 Crore Both At Metro As Well As Non-metro Locations • Benefits Of Easy Repayment Plans And Quick Disbursal • Interest Rates Are Quite Affordable • Loan Amount Is Not Linked To Any Asset Value • Flexible Repayment Options

  6. Demerits of UBL • Higher Interest Rate • A Borrower Must Have A Good Credit Score • To Present A Long List Of Documents

  7. Conclusion • UBL Rates Are Comparatively Higher • Most UBLs Are Offered For Short Terms • Make Sure You Have A Good Credit History • You Can Avail Of Loans From 5 To 25 Lakhs

  8. Thank You !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: Corporate.Care@HeroFinCorp.com Website: https://www.herofincorp.com/ Know more- Business Loan Without Collateral: What are the pros and cons

More Related