An Unsecured Term Loan is a fixed-tenure loan offered without any collateral or security. It is based primarily on the borrower’s income, credit profile, and repayment capacity. This type of loan is ideal for individuals, professionals, and businesses that need funding without pledging assets.

The loan is provided for a predefined period with fixed or floating interest rates and a structured EMI repayment schedule. Since no collateral is required, the approval process is faster with minimal documentation. Funds can be used for business expansion, working capital, medical needs, education, or other personal and professional requirements.

Unsecured term loans provide financial flexibility while maintaining repayment discipline through regular EMIs.

Ideal for: Salaried individuals, self-employed professionals, startups, and small businesses seeking quick funding without security.