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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.
Highlights
Features & Benefits
100% Digital & Paperless Journey
Apply online with an end-to-end digital process—from application to disbursal.
Flexible Repayment Tenure
Choose a repayment tenure up to 36 months, as per sanction terms
Loan Up to ₹5 Lakh
Get funding from ₹51,000 to ₹5 lakh, subject to eligibility
No Co-Applicant Required
Apply independently without the need for a co-applicant
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
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
| Particulars | Details |
|---|---|
| Loan Type | Unsecured Business Loan |
| Loan Amount | ₹51,000 to ₹5 Lakh (subject to eligibility) |
| End Use | Business purposes only |
| Tenure | Up to 36 months (as per sanction terms) |
| Interest Rate | Starting from 26% p.a. |
| Processing Fee | 2.5% + GST |
| Disbursal Mode | Direct credit to your bank account |
| Co-applicant | Not 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 & DetailsGive 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
Step 1: Submit Application Online
Apply through the Bank’s authorised digital platform
Step 2: Provide Consent & DetailsGive 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
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
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. Ownership Owner
Active business account with minimum 1-year transaction history
6. 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
You can avail a loan from ₹51,000 up to ₹5 lakh, subject to eligibility.
No. Fast Track Loan is an unsecured business loan and does not require collateral.
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.
The tenure can go up to 36 months, as per sanction terms.
No, a co-applicant is not required.
The approved loan amount is directly credited to your bank account.
Approval and turnaround time depend on completion of verification and internal checks.