Want to Start or Grow a Business but Have No
Collateral? Here’s How to Still Get Funded
Good news
— you don’t need property or gold to get a business loan anymore. Several
government and private options exist for collateral-free loans.
🏢 Best Collateral-Free Loan
Options in India
1. MUDRA Loan (Govt.)
- Amount: ₹50,000 to ₹10 lakhs
- For: Small business,
traders, service providers
- Types: Shishu, Kishore,
Tarun (based on amount)
- Apply at: Any public sector
bank
2. SIDBI Loans
- Tailored for MSMEs
- Fast disbursal for
registered businesses
- Preferable if you’ve Udyam
Registration
3. Digital NBFCs like Lendingkart, Indifi
- 100% paperless
- Fast, flexible
- Based on cash flow, not just
CIBIL
4. Private Bank Business Loans
- HDFC, Axis, Kotak, SBI offer
unsecured business loans
- Ideal for businesses with at
least 6–12 months of income history
📌 Key Documents Required
- Business PAN & Aadhaar
- ITR of last 1–2 years
- Bank statements
- GST certificate (if
registered)
🧠 Pro Tips
- Maintain a clean bank
transaction history
- Avoid frequent cash deposits
without invoices
- Use loan amount strictly for
business (not personal)
✅ Conclusion
No
property? No problem. Focus on building a solid cash flow and digital
presence, and you can get business loans to scale without risking your
assets.
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