Benefits of Bakery/Cafe Loan Scheme from ZipLoan
The following are the benefits of availing of a bakery loan from us:
- Manage Working Capital Efficiently: Our bakery loan will help you accelerate your business growth by purchasing kitchen equipment, furniture, and fixtures, renovate the cafe, etc.
- Business Expansion: With cafe financing from ZipLoan, you can get ahead with production, product marketing, and expand your supply network as well.
- Raise Credibility: With our bakery business loan scheme, you can boost your business and deliver the order on time that will increase your credibility in the market.
Eligibility Criteria of Bakery Loan
Out MSME loan eligibility criteria are simple to let more and more business individuals avail the loan amount.
- An established cafe with a business vintage of more than two years.
- Minimum annual turnover of Rs. 10 lakhs in the previous year.
- The business must not have any default history.
- The last year's ITR should be more than Rs. 1.5 lakhs.
- The borrower should own either house or a business place.
Documents Required for a Cafe / Bakery Loans
| Proprietorship | Partnership | Pvt. Ltd. / LLP / One Person Company |
---|
Bank statement (12 months) | ✓ | ✓ | ✓ |
Business registration proof | ✓ | ✓ | ✓ |
PAN Card | ✓ | ✓ | ✓ |
Aadhar Card | ✓ | ✓ | ✓ |
ITR of the previous two years | ✓ | ✓ | ✓ |
Cafe / Bakery Loans Fees & Interest Rates
Customized Interest Rates | Yes |
Loan Tenure | up to 36 months |
Pre-closure charges | Nil** after paid the first 6 EMIs |
| |
Eligibility Criteria | Annual turnover more than Rs.10 lakh |
Loan Amount | ₹ 1 Lakh – ₹ 7.5 Lakh |
How to Apply for Bakery/Cafe Loan
Here are three steps process to Bakery/Cafe loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial details to receive a Bakery/Cafe Loans offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your Bakery/Cafe financing approval and disbursal within 3 working days*.