Looking for a business loan without collateral? Godrej Finance offers flexible unsecured loans for self-employed professionals and business owners. Here’s a simple breakdown of eligibility, loan options, and how to apply.
📌 Quick Loan Overview
| Feature | Details |
|---|---|
| Loan Type | Unsecured (No Collateral Needed) |
| Loan Amount | ₹5 Lakh – ₹50 Lakh |
| Tenure | 12 – 60 Months |
| Interest Rate | Competitive (Based on Profile) |
| CIBIL Score | 700+ (Varies by Program) |
| Ownership | Must Own Residence or Office |
| Documents | Aadhar, PAN, GST, Bank Statements |
💡 Who Can Apply?
✔ Self-Employed Professionals & Business Owners
✔ Minimum Business Vintage – 1 to 7 Years (Depends on Loan Type)
✔ Minimum Turnover – ₹40 Lakh to ₹25 Cr (Varies by Program)
✔ Age – 25+ Years (Standard)
💰 Loan Programs – Simplified
1️⃣ Banking LTS Program (Small Businesses)
- Loan: ₹5L – ₹10L
- Business Age: 2+ Years
- CIBIL: 725+
- Turnover: ₹40L+
- Banking: Max 3 Accounts + UPI Transactions
2️⃣ High-Ticket (HT) Program (Established Businesses)
- Loan: ₹25L – ₹50L
- Business Age: 7+ Years
- CIBIL: 730+
- Turnover:
- Manufacturers/Services: ₹15 Cr
- Traders: ₹25 Cr
3️⃣ Quick Sanction Term (QST) Loan
- Loan: ₹10L – ₹25L
- Business Age: 3+ Years
- CIBIL: 700+
- Documents: 6 Months OD Banking / 12 Months GST
4️⃣ Women Entrepreneur Program
- Loan: ₹5L – ₹50L
- Business Age: 1+ Year
- CIBIL: 700+
- Turnover: ₹90L+
5️⃣ Overdraft (GST-Based) Loan
- Loan: ₹10L – ₹50L
- Business Age: 3+ Years
- CIBIL: 700+
- Documents: 6 Months OD Banking / 12 Months GST
📝 Key Eligibility Conditions
✔ CIBIL Score – 700+ (Higher for some programs)
✔ Business Stability – 1-7 Years (Depends on loan type)
✔ Bank Statements – Last 6-12 Months (Varies by program)
✔ Ownership Proof – Must own residence or office
📋 Basic Documents Required
- KYC: Aadhar, PAN
- Business Proof: GST Certificate, Udhyam Registration
- Bank Statements: 6-12 Months
- Ownership Proof (Residence/Office)
🚀 How to Apply?
1️⃣ Check Eligibility – Match your profile with the loan programs.
2️⃣ Gather Documents – Keep KYC, GST, and bank statements ready.
3️⃣ Apply Online/Offline – Visit Godrej Finance website or branch.
4️⃣ Get Approval – Fast processing (subject to verification).
💡 Tips for Higher Approval Chances
✔ Maintain a CIBIL score of 700+.
✔ Ensure clean banking history (no bounces).
✔ Keep GST filings updated (if applicable).
✅ Why Choose Godrej Finance?
- No collateral required.
- Flexible repayment (up to 60 months).
- Special schemes for women entrepreneurs.
Need help? Drop your questions below! 🚀
