How can I get business loan from 50 lakhs?

Axis Bank offers business loans in the range of Rs. 50,000 to Rs. 50 lakh at interest rates that are determined on the basis of your business profile, loan amount, financial assessment, loan tenure, and past track record. You can also avail business loans from Axis Bank under the Pradhan Mantri Mudra Yojana (PMMY).

How do collateral free loans work?

A collateral free loan is a loan provided to the borrower without any guarantee. In simple terms, this means, you can approach a lender and borrow money from him at a certain rate of interest even if you have nothing to pledge or invest.

How can I get a loan for a startup without collateral?

Where To Get Startup Loans Without Putting Up Collateral 1 Online Lenders. There are a number of online lenders that are willing to give loans startups without collateral, provided that the borrower meet all other requirements. 2 Take Out A Personal Loan For Business. 3 Crowdfunding. 4 CDFIs. 5 Friends & Family.

What is a collateral free loan and how to apply?

A collateral free loan is a loan provided to the borrower without any guarantee. In simple terms, this means, you can approach a lender and borrow money from him at a certain rate of interest even if you have nothing to pledge or invest. Who Needs a Collateral Free Loan?

What can be used as collateral for a business loan?

There are several things that can be used as collateral. Business equipment, vehicles, property, and inventory are common forms of collateral when seeking a business loan. Any property of value that can be sold by the lender can qualify as collateral, even accounts receivables.

Does ICICI Bank offer collateral free business loans?

We at ICICI Bank understand that viable small businesses need loans to grow, but may not always have the requisite collateral. So, speak to us about our Collateral Free Loans.