Frequently Asked Questions

Yes, a new business can get an unsecured business loan from an NBFC, charging a higher interest-rate if the applicant lacks a financial history or a strong credit score.

Unsecured business loans offer several benefits, including quick access to capital without collateral requirement, offer flexibility in usage of the funds and allow businesses to address short-term financial needs without putting assets at risk.

A working capital loan is a type of finance which covers short-term business needs, such as cash flow, inventory, and operating expenses. It further provides businesses with quick access to funds without requiring collateral, making it an ideal option for micro, small, and medium enterprises (MSMEs).

To qualify for a working capital loan from Welkin Commercials, you must meet the following requirements as specified below: Nationality: Indian Business Experience: At least 3 years Age: 18 to 60 years (age should be 80 at the time of maturity) Employment Status: Self-employed CIBIL Score: 695 or above

The interest rate on an unsecured business loan is influenced by several factors related to your application, such as your business's health and income. We provide the final interest only after reviewing your application form and supporting documents.

The repayment term you choose plays a key role in determining your loan EMIs. However, longer tenure results in lower EMI amounts, while a shorter tenure increases the EMI size.

The repayment term you choose plays a key role in determining your loan EMIs. However, longer tenure results in lower EMI amounts, while a shorter tenure increases the EMI size.

With Welkin Commercials, you can avail of an SME/MSME loan with an interest rate starting at 14% per annum.

The documents required to secure an SME/ MSME loan are KYC documents, GST returns, business plan, proof of business ownership, profit and loss statement, and balance sheet.

The YUVA finance policy by Welkin Commercials covers the outstanding loan amount in the event of the policyholder's death, relieving the financial burden on the family and ensuring full settlement of the loan amount.

A distributor finance is a collateral- free unsecured loan. Instead, it is secured by unpaid invoices or purchase orders which helps improving the cash flow, faster payments for channel partners, and reduce the risks of bad debts in the supply chain.

The interest rates on unsecured business loans are generally higher compared to secured loans because no collateral is provided to cover the loan in case of non-payment.

The unsecured business loans are only available only to business owners. The company should be registered in your name, your spouse's, or your parent's name, with proof of ownership required. However, we provide loans to proprietorships, private limited companies, closely held non-listed companies, and partnership firms in manufacturing, trading, or services.

No, you do not require a collateral or guarantor to approve your SME loan application.

You can contact us by filling out the "Apply Now" form on our website, or you can email us at [email protected]. Alternatively, you can call us at. for an unsecured business loan.