Most people know that only secured loans are available for higher loan amounts. But 24hrLoan provides collateral-free business loans up to ₹25 Lakh.
Banks do not ask for property documents, gold, or fixed assets as collateral. For first-generation entrepreneurs, digital-first startups, or small traders, this is a roadblock that delays opportunities.
That’s where collateral-free business loans step in. At 24hrLoan, we’ve reimagined lending so that promising businesses don’t have to mortgage their future just to fund the present.
What Is a Collateral-Free Business Loan?
A collateral-free loan is a credit facility where the borrower does not have to pledge any physical asset as security. Instead, eligibility depends on:
- Business performance (revenue, transactions, stability)
- Credit history (CIBIL score and repayment track record)
- Cash flow strength
This makes it a trust-based financing option, focused on potential rather than possessions.
Why Collateral-Free Loans are Good?
- Speed of Business Growth: Business opportunities move fast. Waiting weeks to arrange collateral can mean missing out on bulk orders, supplier discounts, or expansion windows.
- No Asset Risk: Not every entrepreneur has property or land to pledge. Even if they do, risking family-owned assets isn’t always feasible.
- Access for the Underserved: Many small businesses in retail, e-commerce, or services are asset-light but revenue-strong. Collateral-free loans level the playing field.
- Smoother Digital Process: With minimal documentation and digital checks, funds reach your account more quickly than with traditional loans.
24hrLoan’s Collateral-Free Business Loan – Highlights
- Loan Amount: Up to ₹25,00,000
- Approval Speed: As fast as 72 hours (depending on eligibility)
- Repayment Flexibility: Borrow a business loan with a 12 to 60 months tenure
- Zero Collateral Required: No property, no gold, no guarantors
- Full Transparency: Clear terms, no hidden charges, no surprise deductions
Eligibility Criteria
- Age: 21 to 60 years
- Business Vintage: Minimum 1 year old
- Maintain Bank Statement: You should have maintained a balance of ₹20,000 in your bank account. (12-month Bank Statement)
- Credit Score: Ideally 700+ for the best chances, but a flexible evaluation is available
- Documents: Basic KYC, bank statements, and business proof
Also Read: Business Loan Eligibility Documents
How You Can Use the Funds
Business owners use our collateral-free loans to strengthen different areas of growth. For example:
- Working Capital Support: Manage day-to-day operations, salaries, or utility bills without cash flow stress.
- Inventory Purchase: Stock up for seasonal demand or bulk orders without draining reserves.
- Supplier Payments: Pay vendors on time and build stronger supply chain relationships.
- Expansion Costs: Open new outlets, enter new markets, or launch new services.
- Marketing & Digital Push: Run campaigns, build online presence, and attract new customers.
- Technology & Equipment: Upgrade software, buy machinery, or invest in productivity tools.
Why Choose 24hrLoan?
- Speed: Funding decisions in hours, not weeks.
- Simplicity: Paperwork kept to a minimum, with most processes digital.
- Fairness: We look at real business performance, not just collateral.
- Partnership Approach: Your growth is our priority; our team supports you beyond disbursal.
FAQs
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How much loan can I get without collateral in India?
At 24hrLoan, you can get up to ₹25 lakh as a collateral-free business loan, depending on your eligibility, credit profile, and business stability.
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Who is eligible for a collateral-free business loan?
Eligibility generally requires:
1) Age between 21–60 years
2) Minimum 1–2 years in business
3) Maintain Rs. 20,000 in Bank Account within 1 year
4) Healthy credit score (ideally 700+) -
What can I use the loan for?
Funds can be used for:
1) Working capital
2) Inventory purchase
3) Supplier payments
4) Business expansion
5) Marketing campaigns
6) Technology or equipment upgrades -
What documents are required for a collateral-free business loan?
Typically, you’ll need:
1) KYC documents (PAN, Aadhaar, address proof)
2) Business registration proof
3) Bank statements (last 12 months)
4) Financial statements or GST returns -
Why should I choose 24hrLoan for a collateral-free loan?
Because we offer quick approvals, transparent terms, flexible EMIs, and funding up to ₹25 lakh without asking for collateral—designed for businesses that need speed and simplicity.