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Ujjivan Fast Track Loan - Unsecured Business Loan Up to ₹5 Lakhs

Need quick funds to power your business growth? Get access to business loans (unsecured) up to ₹5 lakh with Ujjivan SFB’s Fast Track Loan (FTL). Enjoy a 100% digital, paperless process, fast approval, and same-day disbursal.

Whether it’s working capital, purchasing stock, or managing daily expenses, our Fast Track Loan ensures quick access to funds with minimal hassle and maximum convenience.

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Highlights

Co-applicant not required

Loan eligibility based on your bureau score and banking transactions

End-to-end digital journey

Quick Disbursal

Features & Benefits

  • 100% Digital & Paperless Journey

    Apply online with an end-to-end digital process—from application to disbursal.

  • Loan Up to ₹5 Lakh

    Get funding from ₹51,000 to ₹5 lakh, subject to eligibility

  • No Collateral Required

    This is an unsecured business loan, so you don’t need to pledge any assets

  • Quick Approval & Same-Day Disbursal

    Same day disbursal is subjected to completion of Video KYC process by the customer. T&C apply

  • Flexible Repayment Tenure

    Choose a repayment tenure up to 36 months, as per sanction terms

  • No Co-Applicant Required

    Apply independently without the need for a co-applicant

Permitted End Use of Loan

The loan shall be utilised only for legitimate business requirements, including:

  • Working capital needs
  • Purchase of stock or raw materials
  • Day-to-day business expenses
  • Small business growth or expansion

Use of loan proceeds for personal, speculative, or non-business purposes is not permitted.

Digital Loan Process

Customer submits application through the Bank’s authorised platform

  • Explicit customer consent is obtained for data usage and credit assessment
  • Identity, business details, and eligibility are evaluated as per Bank policy
  • On approval, a Key Fact Statement (KFS) is provided to the customer
  • Loan is disbursed directly to the borrower’s bank account

Loan approval and turnaround time are subject to completion of verification and internal checks.

Fast Track Loan Details

ParticularsDetails
Loan TypeUnsecured Business Loan
Loan Amount₹51,000 to ₹5 Lakh (subject to eligibility)
End UseBusiness purposes only
TenureUp to 36 months (as per sanction terms)
Interest RateStarting from 26% p.a.
Processing Fee2.5% + GST
Disbursal ModeDirect credit to your bank account
Co-applicantNot required

How to Apply for Fast Track Loan

Follow these simple steps:

Step 1: Submit Application Online

Apply through the Bank’s authorised digital platform

 

Step 2: Provide Consent & Details

Give consent for data usage and credit assessment

 

Step 3: Eligibility & Credit Evaluation

Identity, business details, bureau score, and banking transactions are evaluated

 

Step 4: Receive Key Fact Statement (KFS)

On approval, review and accept the Key Fact Statement

 

Step 5: Get Funds in Your Bank Account

Loan amount is disbursed directly to your registered bank account

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Checklist/Documents Required for Fast Track Loan

Before applying for the Fast Track Loan, ensure you have the following ready:

1️. Communication Details

  • Registered mobile number (linked to Aadhaar & bank account) & valid email ID

2: Address & Identity Proof

  • Mandatory: Aadhaar, PAN, Voter ID
  • Optional: Passport or Driving License

3. Business Registration Proof

  • Shop & Establishment Certificate
  • Udyam Registration
  • FSSAI / FDA Certificate (if applicable)

4. Business Vintage

  • Minimum 2 years of business operation (as per registration proof)

5. Bank Account

  • Active business account with minimum 1-year transaction history

5. Ownership Proof

  • Either business premises or residence must be owned

 

Eligibility Criteria

  • Self-employed individual or small business owner
  • Have an active business with minimum 2 years vintage (as per registration proof)
  • Maintain an active bank account with at least 1 year of transaction history
  • Have a satisfactory bureau score and banking transaction record
  • Use the loan strictly for business purposes only

FAQs

1. What is the maximum loan amount under Fast Track Loan?

You can avail a loan from ₹51,000 up to ₹5 lakh, subject to eligibility. 

2. Is collateral required for this loan?

No. Fast Track Loan is an unsecured business loan and does not require collateral.

3. For what purposes the loan can be used?

Fast Track Loan is strictly for business purposes only. You can use it for working capital needs, purchase of stock or raw materials, day-to-day business expenses and business growth or expansion.

4. What is the repayment tenure?

The tenure can go up to 36 months, as per sanction terms. 

5. Is a co-applicant mandatory?

No, a co-applicant is not required. 

6. How will the loan be disbursed?

The approved loan amount is directly credited to your bank account. 

7. How long does loan approval take?

Approval and turnaround time depend on completion of verification and internal checks.

Quick funds to power your business growth

Apply Now
Apply Now