Apply online in 5 minutes
No collateral required
Approval within 2 days only
GST-registeredSMEs can apply
- Nirmal Kumar MindaProprietor, Minda Enterprises
Because with just one application you can now apply to a network of well-trusted 10+ lenders (which includes some of the biggest names in the banking industry).
There is no paperwork involved. No form filling. No collateral is required.
If your business is GST-registered, minimum of 12 months old, and has an annual turnover of INR 25+ lacs, then you’re eligible to apply with us.
You’ll get to know your eligibility within 24 hours of applying on UpScale.
A GST-registered business appears as more credible & transparent to almost every single lending institution in the country. Since the UpScale app has multiple lenders on one application, any GST-registered business can apply on the app for an unsecured business loan up to Rs. 50 lakhs. However, you can also apply for an unsecured business loan by providing your business PAN no.
A good CIBIL score is an indicator of timely loan repayments and financial stability. Usually, a 650+ CIBIL score is considered by almost all lenders to be an acceptable one.
But it is important to understand that adding and checking one’s CIBIL score on UpScale doesn’t impact one’s credit score. It simply assures the lender that the applicant is financially responsible.
We ask you to upload your current account bank statements for the past 12 months. This gives the lender a clear picture of your business’ annual turnover.
- Ajay Kumar ShawProprietor, Shaw & Sons.