Unsecured Business Loan
For any business, large or small, the need for operating capital is an important one for sustainable development. However, some enterprises, in their daily operations, frequently fail to devise strategies for financing through proper planning and find themselves in unwanted financial crisis.
To start a business, refurbish an existing business or for further expansion and development, a business loan can be the best bet for business owners. A business loan can be used to fulfil working capital requirements, to purchase equipment or machinery, to expand business cash flow and much more.
But while you are already in a financial crunch, pledging a collateral can put you in even more distress. You would not want to put your asset at stake for a short-term loan you want for your business. This is where unsecured business loans from Clix Capital can come to your aid. You can get a loan of ₹ 5-50 lakhs without pledging any collateral.
Here’s What Clix Has To Offer
Large Loan Amounts
We have SME business loans ranging from Rs 5–50 lakhs to meet every business need.
Collateral-Free Loan
We understand your ambitions and this is why we cater to your financing needs by providing you with quick and unsecured business loans.
Flexible Repayment
We understand that your business goals can’t be timed and hence we’re flexible — choose a repayment period from 12 to 36 months (48 months if you’re a self-employed professional).
Minimal Documentation
You deal with enough paperwork every day, so we keep ours to a minimum and help you get SME loan with ease.
Why Clix Capital?
In a sector that is constantly in need of speedy business financing, Clix Capital is focused on helping businesses of all sizes get the finances they need in the form of unsecured business loan at the right time. Features such as no collateral, minimal paperwork and quick approvals make us popular and stand out from others.
We understand that every enterprise is different, and a single preferred financing solution does not cater to every business need. Bearing this in mind, our business loans will assist you in financing the growth of your business in one go. Our unsecured business loan is an SME financing tool that especially caters to the unexpected needs of your growing organization.
Unsecured business loans bear an impressive advantage over secured loans as the borrower does not have to pledge any of his/ her property or asset in order to procure funds to keep your business going.
Unsecured Loans for Business: Features and Benefits
Unsecured loans are offered without providing any collateral to the bank or NBFC. These unsecured business loans are given on the basis of an applicant’s financial documents, credit score, income, etc. Since there is no collateral required, the risk factor remains high for the bank or NBFC.
Financing up to 50 lakhs
You can avail a business loan ranging from INR 5–50 lakhs, for all of your short and long-term business goals and objectives. Whether it’s for strengthening the working capital or meeting immediate business expenses, our small and long-term business loans are a perfect proposition.
Flexible tenors
Business Loans at Clix Capital come with flexible tenors ranging from 12 to 36 months. This allows you the flexibility to pay according to your cash flow.
Pre-approved Loan Offers
Availing these loans make you eligible for exclusive pre-approved offers like top-up loans, reduction of unsecured business loan interest rates, etc.
Unsecured Business Loan Eligibility Criteria
The following criteria make you eligible to apply for an Unsecured Business loan from Clix Capital:
- You should be between 21 – 65 years old.
- Your business should be in operation for at least 3 years.
- You should be filing income tax returns for your business for the past 1 year.
- You should have the financial statements of your business for the last 24 months and previous year’s turnover, duly audited by a CA.
- Other relevant financial documents might be required at the time of document verification.
If you answer all these questions with a ‘Yes’, then you are eligible!
What documents do I need to provide to secure an Unsecured Business Loan?
- Completed application form
- Passport-size photograph
- Identity Proof (ID)
- Address Proof
- Financial Documents
- Proof of Ownership
Avail Financial Freedom with Unsecured Business Loans from Clix Capital
Our business loan calculator is the perfect tool to preempt your probable EMI based on loan amount and the repayment terms. You can adjust the loan repayment period and the amount accordingly to reach at your ideal EMI amount.
So, how about scaling your business to the new heights altogether with Business Loans from Clix Capital?
If the answer to the above question is ‘Yes’, then look no further. Clix Capital, a leading NBFC and one of leading and trusted unsecured business loan lenders in to avail unsecured business loans from, with no collateral, minimal paperwork and quick approvals.
We’re just a call away…
Just call us on our toll-free number at 124-4740870 between 9:30 am – 6:30 pm from Monday to Saturday. Alternatively, you can also write to us at hello@clix.capital to resolve your queries around business loans.
Types of Business Loans Offered
We offer two types of unsecured business loans:
Business Term Loans: These are suitable for big-ticket expenses like business expansion, tools or machinery purchase, etc.
Working Capital Loans: These are suitable to address daily expenditures of your business to ensure smooth operation.
What Documents Do I Need To Provide
We’re almost paperless (yes, really) but will need a few document to process your application:
Completed Application Form
- We will provide you with a run-of-the-mill application form to detail out all the information we need before processing your business loan request.
Passport-Size Photograph
- This photograph should be fairly recent and indicative of your current physical appearance.
Identity (ID) Proof
- This can be either your Aadhaar Card, PAN Card, or Government ID (if you happen to be a government employee).
Address Proof
- Your Aadhaar Card is the go-to document here. In case your current address is not updated in Aadhaar card, one certified copy of any Official Valid Document (OVD) is required. These OVDs are either your Passport, Voter ID, or Driving License. Your Utility Bills from the last 2 months may also apply here.
Financial Documents
- PAN Card – For Firm/Company/Individual(s) coming applying for the loan
- GSTIN
- 6-month bank statement
- Copy of the most recent Income Tax Return form along with computation of income, audited balance sheet and profit & loss account for the previous 2 years
- Proof of continuity of business of 3 years (ITR/trade license/establishment/sales tax certificate)
Proof Of Ownership
- In The Name Of The Applicant Or The Applicant’s Spouse/Parent
*Please note that while only scans or photocopies of your documents are required while applying for a loan, you might want to carry original documents in case of verification. Approving the loan application is at the sole discretion of Clix; we might ask for further documents for a more thorough assessment of your loan.
How Do I Apply For A Business Loan
Fill out
the application form.
It takes only 3
minutes!
Sit back and
relax! You are on
your way to secure a
business loan.
FAQs
How do I avail a business loan from Clix?
All you need to do is just Clix here!
Is there any restriction on the end use of my loan?
We are all about catering to your business needs! You can use the business loan for anything from expanding your capital to purchasing an equipment or machinery, or simply financing your working capital needs.
What will be the tenure, down payment, EMI, and interest rate for my business loan?
At Clix Capital, you can choose from customised repayment (EMI) and down payment options. However, the interest rate of your business loan depends on various factors, such as the specifics of your application (including metrics like business health and income). We’ll tell you the final applicable interest rate once we go through your application form and all supporting documents.
Do I need any collateral to avail this loan?
Not at all! There is no additional collateral or guarantors required to have your SME loan application approved.
How can I reach out to Clix for any other information on my business loan?
Just call us on our toll-free number at 124-4740870 between 9:30am-6:30pm from Monday to Saturday (barring public holidays). Alternatively, you can also write to us at hello@clix.capital to resolve your queries around business loan. Don’t worry, there are no consultation charges.
Are unsecured business loans from Clix Capital available for startups as well?
Unfortunately, no. We require a business vintage of at least 3 years at the time of loan application. Startups are not eligible for our unsecured business loans.
Who can apply for an unsecured business loan from Clix Capital?
Only the owner of the business can apply for our unsecured business loans. You have to submit your proof of ownership. The business should be in your name, or your spouse’s or parent’s.
How much credit score should I have to apply for an unsecured business loan?
You must have a credit score of at least 725 to apply for an unsecured business loan. Those with a score of less than that have fewer chances of getting their loan application approved.
What is the schedule of charges at Clix?
Read about our approach for determining interest rates, processing and other charges here.
Click here and get ready for success
Apply now for simple, fast, and accessible loans for business from Clix.
