Collateral Free Business Loans: Grow your Business & Unleash your Potential
Step 1: Fill in the online application form available on this page.
Step 2: Submit the details of your business and the funding you require.
Step 3: We coordinate with several lenders to provide you with the best rates.
Step 4: You choose your preferred lender and once your loan gets sanctioned by the lender, the amount is credited into your bank account.
- KYC Documents for promoters/Proprietor (Pan Card Aadhaar, Passport, etc.)
- Proof of your Business (PAN, Business Registration, GST number)
- Relevant financial documents (Profit/Loss statements)
- • Bank Account Statement (for the last six months)
- Simple eligibility criteria with minimal documentation
- Hassle-free loan approval process
- High loan limit, with lowered interest rates
- Quick processing and speedy funds disbursal
- Customised loan offers, that suit your business requirements
- Easy EMI Repayment of loans
- It takes around 15 – 30 days for the loan amount to be credited in your bank account, depending on the nature of your business and lender criteria.
- Loan amount sanctioned from 1lakh to 1 Cr
- Quick turnaround times
- No hidden charges
- The best interest rates in the market
- Online loan application process- Safe, Secure and Simple
Simple & Fast Collateral-free Business Loans
We at AKT Associates understand that there are situations in business, when you need funding but don’t have the requisite collateral. Our customised business loans without collateral help you achieve your financial needs while making all the difference to your profitability.
Borrowers can apply for unsecured loans online within a few minutes. Choose your repayment tenure and receive the necessary funds directly in your bank account, within a few working days.
What is a Collateral-free Business Loan?
To put it in simple terms, it’s an amount you borrow from a lender at a particular interest rate to grow your business. You then repay the amount, over a period, along with interest. Collateral-free means that you don’t have to submit any security (property or other assets) to borrow this loan.
- Loan Term – 1 to 5 years
- Loan Amount – 1lakh to a maximum of 1 Cr
Why take a Collateral-free Business Loan?
You may want to:
- Expand your business
- Buy new equipment
- Pay wages, taxes or debts
- Open a new branch
- Expand your product offerings/services
- Launch a new product
- Market your business
- Fix cash flow problems
- Boost your working capital
- Invest in your inventory
- Or any other business purpose
One of the main reasons why small businesses fail is the lack of access to working capital. Unlike large corporations, which have surplus reserve funds to dip into, small and medium enterprises very often find it difficult to raise money to grow their business.
To ensure that your business continues to grow with momentum, you need to have adequate funding for it. By investing in your business at the right stages, you are maximising your growth potential.
When opportunity knocks at your door, be ready to move ahead….
And, that’s where; we at AKT Associates can help!
Why take a Collateral-free Business Loan with AKT Associates?
At AKT Associates, we help businesses of all sizes and across industries, avail business loans. And, we believe in total transparency of the loan process.
With nearly 2000 clients and over 4lakh completed projects, we offer impeccable customer support, every step of the way.
We coordinate interest rates from several leading lenders in the market. The prices you are shown are all inclusive, and there are no extra fees and miscellaneous charges. The total cost of your business loan is disclosed up front to you.
No hidden or surprise costs. What you see is what you pay!
Another primary reason to avail business loan with AKT Associates is that you don’t have to provide security or submit an asset to apply for the loan.
One of the main reasons why small business owners are unable to avail loans from banks is because of the lack of collateral. Banks require business owners and entrepreneurs to provide assets to avail funding. This is highly difficult for new business owners and start-ups as they very often don’t own a property in the name of the business.
We believe that loan applications and sanctions must be simple and shouldn’t overwhelm the borrower. This is why we stress on minimal documentation.
Here at AKT, you don’t have to submit an asset to avail a business loan.
With presence in nearly 40 cities across the country and a team of over 170 professionals, we provide you with expert assistance, wherever you’re located.
What happens when you Apply for a Collateral-free Business Loan, at AKT Associates?
We value the trust of our customers. This is why we work hard to ensure that the entire process is transparent and straightforward.
Your loan application process is as simple as it gets. To start the process, all you have to do is fill up a simple application form outlining the details of your business, your fund requirements and other personal details like your mobile number and email address.
Once you submit the application form, we coordinate with our extensive network of lenders to provide you with best loan offers. A list of all your loan offers is provided to you along with the interest rates. You can peruse the list and pick the right loan offer that matches your requirements.
The next step is to upload copies of supporting documents like PAN card, Aadhaar Card, business registration details, bank statements, etc. Once you have uploaded the documents, your details are sent to the lender, who verifies it. Once the verification is complete, the loan is sanctioned, and the fund reaches your bank account within a few working days.
Our diverse team consists of different professionals from various walks of life, who offer you legal, financial and technical assistance throughout the loan application process.
Do’s and Don’ts when Taking a Collateral-free Business Loan
- Don’t wait for banks – Nowadays, you don’t have to rely on banks to provide you with funding to grow your business. Instead, make use of reputed online lenders, to help you scale your business.
- Do borrow when you need it – Don’t put off your business from growing, just because you don’t have the necessary funding. With the easy availability of collateral-free business loans, you can build your business right away!
- Do Compare Quotes – Compare the offers from several lenders on our site, to pick the right offer that meets your specific requirements.
- Don’t take more than one business loan at a time – This could end up straining your finances and put your business at risk.
- Don’t focus on just the interest rates – While interest rates are a crucial factor, make sure to focus on other factors like loan terms, repayment options, flexibility when evaluating lenders.
- Don’t put your business assets at risk – Instead, of pledging your hard-earned business interests, avail collateral-free loans that are risk-free.
Let It Clear The Confusion
What are the eligibility criteria for collateral-free loans?
- Following are criteria for colletral free loan
- Business exiested at least two years
- No past record of default of any loan
Can I take a joint loan with my partner?
Yes it is possible to add partner in the loan application.
What is the maximum tenure for collateral-free loans?
What are the interest rates for collateral-free loans and how do you calculate it?
Interest rate fluctuate from case to case and depends on your credit profile. It goes from 10% to 18%. Interest is calculated on fixed rate menthod or reducing principle method.
Do I make the repayment directly to the lender or AKT Associates?
You have to make payment to bank or financial institutions. AKT Associates are just facilitator for loans.
Can I take more than one loan at a time?
Yes it depends on the eligibility and quantum of loan can fit into considering your criteria.
Is the interest rate fixed or does it vary during the tenure?
Generally interest rate are fluctuating, even in case of fixed it is fixed for a certain period and after that it is changed
Is there a minimum turnover for businesses to apply for this loan?
Minimum Turnover is Rs 30 Lakhs per annum will be required.
Is there a penalty for pre-closure of the loan?
Generally it is depends on bank to bank basis.Hence we need to check policy of that particular bank.
Are there any restrictions on what I can use the loan amount for?
Yes these loans has to be used for business purpose only.
What happens if I miss out an EMI repayment?
There will be some late payment fees which can vary bank to bank
How do you calculate loan eligibility?
This is done by loan appraisal team of bank, however you can check eligibility on website of bank.
How long does it take for the loan amount to be disbursed after sanction?
It takes between 15-30 days for final disbursement
Where can I check the status of my loan application?
We will keep you updated on status of loan application
Is it necessary for me to upload copies of supporting documents during loan application?
No Physical copies duly signed need to be submitted
Why AKT Associates
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience- That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand
Efficiency-That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently
Cost- That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences-That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.