Empower Your Business Growth with Unique Finance Group
At Unique Finance Group, we understand that every business, regardless of its size or industry, requires robust financial backing to thrive and expand. Our comprehensive range of business loan solutions is meticulously designed to cater to your unique financial needs, helping you achieve your entrepreneurial dreams. Whether you're looking to inject capital for daily operations, invest in new machinery, expand your market reach, or manage unexpected expenses, we are your trusted partner in growth.
With over a decade of experience in the financial sector, Unique Finance Group has established itself as a beacon of reliability and innovation. We pride ourselves on offering flexible, transparent, and competitive business loan options coupled with unparalleled customer service. Our expert team is dedicated to guiding you through every step of the application process, ensuring a seamless and hassle-free experience.
Why Choose Unique Finance Group for Your Business Loan?
- Tailored Solutions: We believe in a personalized approach. Our financial experts work closely with you to understand your business model, financial health, and growth aspirations to offer a loan product that perfectly aligns with your objectives.
- Competitive Interest Rates: Our business loans come with attractive interest rates, designed to minimize your financial burden and maximize your profitability.
- Quick and Easy Application Process: We value your time. Our streamlined application process ensures quick approvals and disbursals, so you can focus on what matters most – running your business.
- Flexible Repayment Options: We offer a variety of repayment schedules that can be customized to suit your business's cash flow, providing you with peace of mind.
- Transparent Dealings: No hidden charges, no complex jargon. We maintain complete transparency in all our dealings, ensuring you are fully informed at every stage.
- Dedicated Support: Our team of experienced financial advisors is always on hand to provide expert advice and support, from initial inquiry to final repayment.
Types of Business Loans Offered by Unique Finance Group
We offer a diverse portfolio of business loan products to meet various business requirements:
| Loan Type |
Purpose |
Key Features |
| Term Loans |
For long-term investments like purchasing assets, business expansion, or significant capital expenditure. |
Fixed repayment schedule, competitive interest rates, suitable for planned growth. |
| Working Capital Loans |
To manage day-to-day operational expenses, inventory management, and short-term cash flow needs. |
Flexible tenure, ideal for maintaining liquidity, supports seasonal business cycles. |
| Machinery/Equipment Loans |
Specifically designed for acquiring new machinery or upgrading existing equipment. |
Finances up to 100% of equipment cost, easy repayment options, boosts productivity. |
| Loans Against Property (LAP) |
Leverage your existing residential or commercial property to secure a substantial loan amount. |
Lower interest rates, longer repayment tenure, higher loan amount eligibility. |
| Unsecured Business Loans |
Loans that do not require collateral, based on your business's creditworthiness and financial performance. |
Quick approval, minimal documentation, ideal for businesses with strong financials. |
| Startup Loans |
Specialized funding for new businesses with innovative ideas and strong business plans. |
Supports emerging entrepreneurs, focuses on future potential, mentorship opportunities. |
| MSME Loans |
Tailored for Micro, Small, and Medium Enterprises to foster their growth and contribution to the economy. |
Government-backed schemes, preferential rates, simplified application process. |
Eligibility Criteria for Business Loans
While specific criteria may vary based on the loan product, general eligibility requirements include:
- Business Vintage: Minimum 2-3 years in current business.
- Annual Turnover: A consistent and healthy turnover, as per the loan product's requirement.
- Credit Score: A good CIBIL score (generally 700+) for the business owner(s) and the business entity.
- Profitability: Demonstrated profitability in the last 1-2 financial years.
- Documentation: All necessary legal and financial documents must be in order.
The Unique Finance Group Business Loan Application Process
Our application process is designed for your convenience:
- Online Application: Fill out our simple online application form with your basic business and personal details.
- Document Submission: Upload the required documents securely through our portal or submit them to your dedicated relationship manager.
- Verification and Assessment: Our team will verify your documents and assess your eligibility based on our criteria.
- Loan Offer: Upon successful assessment, we will present you with a customized loan offer detailing the loan amount, interest rate, and repayment terms.
- Disbursal: Once you accept the offer, the loan amount will be disbursed directly into your business bank account.
Required Documents for Business Loan Application
To ensure a smooth application, please keep the following documents ready:
- KYC Documents: PAN Card, Aadhaar Card of proprietors/partners/directors.
- Business Registration Proof: Shop & Establishment Certificate, GST Registration, Partnership Deed, MOA/AOA.
- Bank Statements: Last 6-12 months' bank statements of the primary business account.
- Financial Statements: Audited financials for the last 1-2 years (P&L, Balance Sheet).
- GST Returns: Latest GST returns (GSTR-3B, GSTR-1).
- Business Plan: For startups or specific project financing.
- Collateral Documents: If applying for a secured loan (e.g., LAP).
Frequently Asked Questions (FAQs)
The minimum loan amount varies depending on the loan product and your business's eligibility. Please contact our advisors for specific details.
Yes, Unique Finance Group offers unsecured business loans for eligible businesses with strong financial health and credit history.
Once your application is approved and documents are verified, disbursal can happen within a few business days, sometimes even faster for certain products.
While a good credit score is beneficial, we assess each application holistically. We may offer alternative solutions or secured loan options if your credit score is a concern.
Prepayment terms vary by loan product. Our loan offer will clearly outline any applicable prepayment charges.
Ready to Grow Your Business?
Don't let financial constraints hold back your business's potential. Partner with Unique Finance Group today and unlock new opportunities for growth and success.
Apply for a Business Loan Now!
Business Loan FAQs
A business loan is a type of financing that helps businesses cover operational costs, purchase inventory, expand operations, or manage cash flow. It can be secured or unsecured, depending on the lender and the borrower's creditworthiness.
Applying for a business loan typically involves submitting an application form, providing business financial statements, tax returns, and a business plan. Lenders will assess your eligibility based on these documents.
Eligibility criteria vary by lender but generally include factors like business vintage, annual turnover, credit score of the business owner, and profitability. Some lenders may also require collateral.
Commonly required documents include KYC documents of the proprietor/partners/directors, business registration proof, bank statements (last 6-12 months), GST returns, and audited financial statements.
Interest rates for business loans depend on various factors such as the loan amount, tenure, borrower's credit profile, and the lender's policies. Rates can be fixed or floating.
Yes, many lenders offer unsecured business loans that do not require collateral. These loans are typically offered to businesses with strong financial health and good credit scores.
The maximum loan amount depends on your business's financial performance, repayment capacity, and the lender's assessment. It can range from a few lakhs to several crores.
Repayment tenures for business loans usually range from 12 months to 60 months, though some specialized loans might offer longer tenures.
Approval times vary. Some lenders offer quick approvals within a few days for small business loans, while larger, more complex loans might take a few weeks.
CIBIL score is a three-digit number that represents your creditworthiness. A higher CIBIL score (generally above 750) increases your chances of loan approval and may help you secure better interest rates.
Yes, some financial institutions offer specific loan products for startups, though eligibility criteria might be stricter, often requiring a robust business plan and potential for growth.
A term loan is a lump sum amount repaid over a fixed period with interest, typically used for long-term investments. A working capital loan is for day-to-day operational expenses and short-term needs.
Yes, governments often introduce schemes like MUDRA loans, Stand-Up India, and Start-Up India to promote entrepreneurship and provide financial assistance to small and medium enterprises.
Common reasons include a low credit score, insufficient business turnover, lack of a solid business plan, existing high debt, or incomplete documentation.
Most business loans allow prepayment, but some lenders might charge a prepayment penalty. It's advisable to check the terms and conditions before opting for prepayment.
Collateral refers to assets pledged by the borrower to the lender as security for the loan. This could include property, machinery, inventory, or accounts receivable.
GST returns provide a clear picture of your business's turnover and financial health, which lenders use to assess your repayment capacity and eligibility for a loan.
A well-structured business plan demonstrates your understanding of the market, your strategies for growth, and how you intend to use the loan, assuring lenders of your business's viability.
Yes, many banks and financial institutions offer special schemes and concessions for women entrepreneurs to encourage their participation in business.
The interest paid on business loans is generally tax-deductible as a business expense, which can reduce your overall tax liability.
