Paisabazaar Collateral-Free Business Loans

Compare business loans up to ₹50 Lakhs from 30+ leading banks & NBFCs in 2 minutes.

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Up to ₹50 Lakhs

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Overview Tech Specs Pros & Cons ITC & Tax Guide FAQs

Why GST Maker Recommends This

Tested & validated specifically for Indian GST compliance

Compare offers from HDFC, ICICI, Bajaj Finserv, and Tata Capital in one transparent screen without visiting bank branches or risking multiple hard credit inquiries.

Detailed Product Overview

Quick working capital loans for MSMEs and traders with minimal documentation, flexible tenure from 12 to 60 months, and competitive interest rates starting at 11.99% p.a.

Key Features & Capabilities

Collateral-Free loans up to ₹50 Lakhs without pledging property or gold

Instant eligibility check with zero impact on CIBIL credit score

Flexible loan repayment tenures ranging from 12 to 60 months

Fast-track disbursement in 24 to 48 hours upon document verification

Digital KYC with bank statement and GST return upload

Technical Specifications

Official Specs

Loan Amount	₹1 Lakh up to ₹50 Lakhs
Interest Rate	Starting from 11.99% per annum
Loan Tenure	12 to 60 months
Processing Time	24 to 48 hours for pre-approved customers
Collateral	100% Unsecured / Zero Collateral required
Eligibility	Minimum 1-year business vintage, ₹10 Lakhs annual turnover

The Highlights (Pros)

No collateral risk for small business owners and shopkeepers
Compare quotes from 30+ financial institutions simultaneously
Doorstep document pick-up and dedicated loan specialist assigned

Points to Note (Cons)

Interest rates depend on business vintage, annual turnover, and CIBIL score
Processing fee of 1.5% to 3% charged by lending partner banks

Business Loan Statutory GST Guidance

Interest Exempt / Processing Fee 18% ITC

Under Notification No. 12/2017-Central Tax (Rate), loan principal and interest repayments are completely exempt from GST. GST (18%) applies only to bank processing and documentation fees, which is 100% ITC-claimable.

1. Zero GST on Interest Monthly EMI interest carries 0% GST liability.

2. Processing Fee Invoice Lender issues B2B tax invoice on processing fee.

3. Claim Fee ITC Claim 18% ITC on bank processing charges.

Frequently Asked Questions

4 Answers

No. These are 100% unsecured business working capital loans without pledging residential property, commercial real estate, or gold.

Lenders appraise your actual business turnover using your monthly GST Maker invoices and filed GSTR-3B returns for fast eligibility scoring.

No. The initial quote comparison performs a soft credit inquiry with zero negative impact on your credit rating.

Loan principal and interest are completely exempt from GST under Notification No. 12/2017-Central Tax (Rate). GST applies only to bank processing fees, which is ITC-eligible.

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