Getting a business loan becomes difficult for an entrepreneur when he has to pledge a security as a guarantee of payment, since there are only a handful of assets at the onset of any business. However, the category of Unsecured Loans facilitated by FFMC - A Unit of MK Consulting is the exact answer to such challenges. This loan is completely linked to the credit score, business acumen and paying capacity of the borrower. Our syndicate loan partners provide credit only on good faith. Plus, high level of personalisation implies you can repay the loan in easy instalments.
If your credit score is above 600, you can be eligible for unsecured loans. Your firm must not be a defaulter with any bank or NBFC.
Your bank statements, profit and loss statements and balance sheet must be satisfactory and audited
The business must be properly established, having successful operations for more than six months
Since you don’t have to pledge any security, you do not bear the risk of losing your assets in case you are not able to repay the loan. Only the time period of payment will be extended if you default on any instalments.
Our syndicated loans are available for medium to long periods. The repayment period can vary between 12 months to 60 months, according to your needs. Instalments can also be varied depending on the capacity of your business.
Our transparent procedures ensure that your loans fulfill all detailed conditions put forward by banks and NBFCs by providing flawless documentation.
The interest rates charged by our partners for unsecured loans vary between 11% and 21%, depending upon the credit worthiness of the borrower. If you have an exceptional credit score, you can enjoy the lowest rates of interest.
Unsecured loans can be utilised for several purposes. You can invest the loan amount for purchasing machinery, expanding geographic reach, launching products or marketing.
There are no hassles in applying for and procuring unsecured loan through our syndicate financers. All you need to do is fill an online form and submit basic documents like proof of address, statements of bank account and identity proof.
When you apply for an unsecured loan through our executives, you can avail additional benefits apart from dealing with qualified and collaborative financial team.
We tie up with a number of sources for funding of unsecured loans. You can borrow any amount between 25000 to 20 lacs.
Since the amount is transferred within a few hours once approved, you can get immediate cash resources to meet your business needs.
Once you get a loan facilitated through FFMC - A Unit of MK Consulting, your credit rating is bound to improve which offers you wider opportunities.
We have no hidden terms or charges to be paid separately. FFMC - A Unit of MK Consulting believes in transparency and clarity of transactions.
Unsecured Loan has kept the eligibility requirements to the bare essentials in order to process business loans faster. We do not require too many documents or unnecessary paperwork that can hold-up the loan approval process.
For availing unsecured loans, you need to apply on our website and discuss your eligibility with our executives. The details of documents required and interest rates applicable are also shared clearly. The experts offer complete hand holding till you achieve what you aimed at.