Unsecured Limit

An Unsecured Limit is a pre-approved line of credit extended to individuals or businesses without the need to pledge any collateral. It allows borrowers to withdraw funds as needed, up to a set limit, and pay interest only on the amount utilized. Ideal for managing short-term cash flow, operational expenses, or unexpected costs, unsecured limits offer flexibility, quick access to funds, and minimal documentation. This type of credit is commonly used by SMEs, professionals, and salaried individuals who need financial agility without tying up assets.