Скачать или смотреть Secured Business Loans vs Unsecured Business Loans: Know the difference I Bajaj Finserv

Secured and unsecured business loans are two financing options you get to fund your company in any way you like.
However, before applying, take a look at some of the differences between secured and unsecured business loans so that you can make an informed choice basis your needs.

1- Collateral requirements
Secured business loans: You have to provide an asset as collateral for availing a secured business loan.
Unsecured business loans: You don’t have to pledge any asset as collateral to get an unsecured business loan.

2- Purpose of finance
Secured business loans: These are useful when you are looking to fund long-term business investments requiring substantial amount of capital.
Unsecured business loans: You can use an unsecured business loan for short-term and immediate cash requirements.

3- Repayment tenure
Secured business loans: You get repayment tenures of up to 240 months.
Unsecured business loans: Come with tenures of up to 60 months.

4- Processing time
Secured business loans: As they involve your property valuation and supporting documents to be submitted, these take a longer processing time.
Unsecured business loans: Quickly approved and disbursed as no property papers are needed here.

5- Documents
Secured business loans: You have to provide property documents, KYC, documents, and your financial documents.
Unsecured business loans: You have to provide only your KYC and financial documents.

With Bajaj Finserv, you can get unsecured Business Loans of up to Rs. 30 Lakh with affordable interest rates, instant approval, and minimal documents needed.

Pre-approved offers on Bajaj Finserv Business Loans reduce the loan processing time drastically. You can also get pre-approved offers with personal loans, home loans, and several other financial products. Provide only your essential details to have a look at your pre-approved offer.

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