on August 4, 2021 52 views
What is unsecured business loan (UBL)?
- It does not need any collateral
- Loan is sanctioned based on your business potential and creditworthiness
- It can be used for expanding, buying machinery, hiring labour, launching products etc.
Unsecured business loan vs. other options
- Interest rate on UBL is lower than a personal loan
- No risk of losing an asset, unlike secured loans
4 benefits of taking unsecured business loan (UBL)
#1 : Meet urgent capital requirements
- Use the loan amount as you wish
- Fast and easy loan approval
#2 : Boost your credit score
- Repay EMIs on the current loan punctually to improve credit score
- Then you will get a larger loan at a lower interest rate next time
#3 : Ensure positive flow of cash
- No need to worry if customers do not pay on time
- UBL helps maintain a positive cash flow
- The loan acts as cash buffer and funds operations till payments come through
#4 : Easy repayment
- Flexible EMI options to suit your convenience
- Interest rate and loan amount are negotiable
- Zero hidden costs
- Quick and hassle-free documentation
- Low prepayment charges and processing fees
If you want to grow your business fast and do not have any collateral to pledge, opt for an unsecured business loan.
To know more, click here - https://bit.ly/3in4lNh.
To apply for an Unsecured Business Loan, click here - https://bit.ly/3CiSGXQ.
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