Hylobiz | Is it Easy to get Collateral-Free Business Loans?

SME businesses positively impact the economy of a country but compared to corporate firms, these small businesses function with minimum access to capital. They are often not paid by customers on time and suffer from bad debts. Raising invoices, the manual chase for payment collections and managing receivables, payables and reconciliations manually are some of the glitches small businesses face often. They need credit to grow and to purchase raw materials, machinery, etc, but traditional banks hesitate to offer them Free SME Loans because of the high risk associated with such lending.

What are the obstacles in availing of loans?


To borrow loans, you need to pledge an asset/property like stocks, machinery, real estate, and more. This asset is called collateral and such a loan is called a secured loan.


Businesses need to show they have assets that can be liquidated by banks in case they are unable to repay the loans. SME businesses because of their limited assets, fail to provide the requisite collateral/ securities to access loans. Moreover, the recent low-interest rates for credits are less profitable for banks but have raised more competition and businesses suffer to access credits even if they possess sound financial health and enough assets to pledge. The SME businesses are unable to track information of their receivables and financial health which makes them unable to establish information about themselves and limits their access to credits. Again, because of inappropriate KYC at times, SME businesses fail to avail loans.

Despite in recent times the Government of India, the corporates, and banks have taken initiatives to support the working capital requirements of small businesses and to give access to credits, the top fintech companies play the most important role in this regard by giving easy access to collateral-free business loans.

What are the benefits of Collateral-Free Business Loans?

The collateral-free loans are comparatively risk-free. Banks through their collaborations with fintech can be sure that they get repaid in full by offering collateral-free business loans with flexible repayment options.

Banks can visit our website to know about the offers: https://hylo.biz/offerings-banks/

How can your business benefit from collateral-free business loans?

  • No need to pledge your assets
  • Opens multiple opportunities
  • Access to liquid fund for business operations

How can your SME business get collateral-free loans through Hylobiz?

Hylobiz is an ISO-certified, SME-focused fintech startup operating mainly in India and in UAE. We offer connected ERP and connected banking services at competitive pricing to help efficient management of working capital. The platform is already integrated with top ERPs and is in alliance with leading banks/ NBFCs. You can seamlessly integrate your existing ERPs and bank accounts to get access to automated invoice management, accurate tracking of receivables and payables, faster payments and collections, easier easy access to capital, and more. Hylobiz has a finance marketplace API where banks/ NBFCs can showcase their financial products and businesses can easily get access to insurances, savings, loans, pre-approved SME credit cards, and othercustomized products.

Suggested Read: https://hylo.biz/the-new-year-2022-ushers-a-new-era-in-the-financial-sector-with-fintech/

Get easy access to collateral-free business loans with our banking partners!

Hylobiz in alliance with Bajaj Finance and Neogrowth credit Pvt ltd, offers easier, cheaper, and faster credits to support your SME business. You can get collateral-free business loans at competitive interest rates that have flexible repayment facilities, and the process is fast and hassle-free with minimum paperwork and quick approval. Once you make sure that there are valid grounds for applying for a collateral-free business loan, you can apply through minimal documentation provided you have valid KYC documents, the eligible age, and required business experience. The inventories/stocks, receivables, and payables are tracked and managed well on the Hylobiz platform with access to automated reconciliation and payment reports and a real-time view of cash flow. The strong automation at every level helps you manage expenses and maintain financial and sales data which are important to get access to credits.

Visit the SME offerings page on Website: https://hylo.biz/offerings-sme/

Click to get business loans from Bajaj Finserv: https://bit.ly/bajajfinservbusinessloans

What are the other financial offerings by the banking partners on Hylobiz?

  • Hylobiz ke saath you can get access to pre-approved sme credit cards from HDFC
  • Our banking partners, Kotak bank and Yes bank offers connected banking services eKYC, faster payments and collections and more.

Suggested read on banking partners: https://hylo.biz/partnerships-update-post-hylobiz-speaks-about-the-products-offered-by-bank-nbfc-partners-and-an-offer-to-collaborate/

Highlights on some of the top-rated features on Hylobiz:

  • Seamless ERP integration
  • Easy account integration
  • Digital collection through multiple payment modes
  • Automated reminders
  • Automated reconciliation
  • Accounts receivable management
  • Automated inventory and invoice management
  • Payment links
  • Integrated payment gateway
  • Quick onboarding
  • Automated payouts
  • Digital ledger
  • Customized checkout

To know more about our features, read https://hylo.biz/grow-with-hylobiz/.

Interested to know more? Email us at support@hylo.biz.

You can subscribe to Hylobiz for a lifetime at zero cost and at a nil setup fee to get access to collateral-free business loans and other offerings. Sign up for free. The one-stop platform allows transactions at a minimal cost.

Click to connect: Contact us.

Leave a Reply