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FAQ

  • How will I get a business loan without collateral from Prakax?
    To be eligible for an unsecured business loan from Prakax, your business should have been operational for at least three years and you must provide all the required documentation.
  • How can I find out if I am eligible for a business loan?
    Our representatives will evaluate your profile and revert back to you for a business loan.
  • Are there any cheque bounce charges applicable?
    Yes, if a cheque bounces, the applicant would have to pay ₹1000 as a penalty.
  • What makes unsecured business loans beneficial?
    Unsecured business loans are beneficial due to various reasons No collateral required Quicker and easier approval process Better credit terms
  • Can I use a business loan for any purpose?
    Yes, you can use a business loan for any business purpose, such as financing inventory, purchasing equipment, or hiring staff.
  • How is an unsecured loan granted?
    An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria.
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