Looking for quick, collateral-free funding for your business? USFB offers unsecured loans up to ₹50 lakhs with flexible repayment options. Here’s everything you need to know in simple terms:
Loan Snapshot
✅ Loan Amount: ₹3 lakhs to ₹50 lakhs
✅ Tenure: 1 to 3 years
✅ Interest Rate: Competitive (varies by program)
✅ Processing Time: Quick approval
Who Can Apply? (Eligibility)
✔ Business Types: Proprietorships, Partnerships, LLPs, Pvt. Ltd. Companies
✔ Minimum Annual Income: ₹3 lakhs (as per ITR)
✔ Business Experience: 3+ years in same industry
✔ Age: 25-65 years (primary applicant)
Special Cases:
- Doctors & CAs: Special programs with higher eligibility
- New Businesses: Minimum 2 years vintage required
5 Ways to Qualify
USFB offers multiple approaches to get approved:
1. Standard Income Program
- For businesses with solid financials
- Loan up to ₹50 lakhs
- Debt-to-Income ratio up to 70%
2. Turnover-Based Programs
- Uses GST returns/bank statements
- Minimum turnover: ₹1 crore (₹30 lakhs for services)
3. GST Program (Best for Doctors/CAs)
| Profession | Eligibility Multiplier |
|---|---|
| MD/MS/MBBS | 1.5x gross receipts |
| BAMS/BHMS | 1x gross receipts |
| Chartered Accountants | 1.5x (7+ yrs exp) |
4. Banking Surrogate Program
- Uses average bank balance
- Multiplier: 2x to 3x based on tenure
5. Repayment Track Record
- Top-up loans for existing borrowers
- Max amount = what you’ve repaid
Key Benefits
- No collateral required
- Funds in 3-7 days after approval
- Flexible repayment (EMI or bullet payments)
- Special schemes for doctors and CAs
Documents Required
📌 Basic Documents:
- PAN & Aadhaar
- Business proof (GST, Incorporation cert)
- Bank statements (6-12 months)
- ITR for last 2 years
📌 For Special Programs:
- CA-certified financials (Standard Income)
- GST returns (Turnover Program)
How to Apply?
- Choose your program based on business type
- Submit documents online or at branch
- Get approval in as little as 3 days
Pro Tip: Doctors and CAs can get higher loan amounts under special programs.
Why Choose USFB?
✔ Collateral-free funding
✔ Multiple qualification options
✔ Quick disbursal
✔ Tailored solutions for professionals
Need business funding? Check eligibility on USFB’s website today!
Note: Terms subject to change. Final approval at lender’s discretion.
