Unsecured Business Loan for Manufacturers

Give an instant cash boost to your operations with a business loan for manufacturers

In a volatile market environment, there are times when you need a quick business loan without security or collateral. Perhaps you want to expand your venture, add new product lines, adopt new technology, buy machinery or increase your marketing budget.

Capital Float team brings an array of customised credit products to suit the needs of manufacturing organisations. We understand how frustrating it is when loan applications get rejected for want of collateral. This is why our business loans for manufacturers are offered without a clause for the hypothecation of your valued assets.

Benefits of an Unsecured Business Loan

Borrowers prefer unsecured loans because on choosing such products they are assured that their home, business premises, or any other financial asset will never be at risk.

At Capital Float, these loans also come without any hidden charges. Furthermore, we keep the monthly payment schedule flexible for our borrowers.

We believe that a business loan for SME and MSME units should be offered on the most comfortable terms and that they should be supported in their contribution towards the Make in India initiatives.

Features of Unsecured Business Loan for Manufacturers

You can apply for a loan at Capital Float through a secure online application. Our customized business loan for manufacturers comes with bespoke features:

  • Loan amount upto 50 Lakhs: You may need a business loan to buy machinery, raw materials or for any other activity that fuels your operations; our wide credit range ensures that you get the exact amount that suits your needs.
  • Loan tenure upto 3 years: Knowing how varied funding needs can be, we offer both short- and long-term loans to manufacturers.
  • One clear cost declared upfront: There are no unpleasant surprises when you apply for a Capital Float loan because we don’t have any hidden charges. The only fees levied are the business loan interest rate and a nominal processing fee. Use our business loan EMI calculator to compute the exact amount that you will pay in instalments.
  • Digital documentation: We trust our clients, and we only ask them to upload the soft copies of the required papers to prove their credentials.
  • Instant approval: You will be notified of the decision on your loan on the same day and often within minutes of sending the application.
  • Quick fund disbursal: Once the application is approved, the requested amount will be directly transferred to your business bank account within 72 hours.
  • Flexible repayment schedule: While we have an EMI structure, the loan repayments can mirror your business cash flow enabling you to pay off the amount sooner than the predetermined schedule.

Eligibility Criteria

Your venture needs funds in minimum time, and when you check eligibility for business loan from conventional sources, the long list of requirements looks intimidating. As a FinTech lender, we have largely reduced those hurdles.

To help more businesses qualify for the loan they need, we’ve made our credit terms borrower-friendly. You are eligible for a business loan if:

  • Your company has a minimum operational history of 3 years.
  • Your minimum annual turnover is 1 Cr.
  • Your business has filed for Income Tax Returns in the previous financial year.

Our decisions on applications are based not merely on your credit history but also on other business parameters.

How to Apply for Business Loans

Soliciting a loan is the most straightforward digital process wherein you:

  • Enter your personal and business details securely
  • Substantiate it by uploading relevant business documents
  • Submit the details
  • Get approval on your application within minutes

For every approved application, we disburse the funds within 72 hours, and you can start using them instantly.

Loan Fee and Charges

The processing fee for a loan by Capital Float is only up to 2% of the approved amount. The interest rate ranges between 18% and 24%.

To know more about a business loan for Pvt Ltd companies and other commercial ventures with manufacturing processes, speak to our customer service team on 1860 419 0999.