Unsecured Personal/Business loans
An unsecured loan is a collateral-free loan. The loan is offered based on the creditworthiness of the customer, business vintage and previous repayment history. Wherever customers do not have any property to offer as security or there is no gap for availing working capital limits in such case Unsecured business loans is the best option.
However unsecured loans are higher in interest rates, and they will provide for a maximum 3 to 5 years period only.