Business Loan Eligibility and Documents

Qualifying for a business loan from ZipLoan is effortless. You just need to fill an online loan application form available on our website and submit the documents required for a business loan.

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ZipLoan is the Lender of Choice for Small Businesses.


Minimal Documentation

No balance sheet needed


No Prepayment Charges

After first 6 EMIs


Receive Funds Within 3 Days*

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Business Loan Eligibility

The following is the eligibility criteria for a business loan:

  • The business should have a vintage of at least two years.
  • Your business should have its Income Tax Returns filed for at least past two years.
  • You must either own a house or a business premise.
  • Minimum Turnover of Rs. 10 Lakh in the last 12 months.
  • The business place should be separate from the residence.

You need to submit all the relevant personal and financial documents at the time of document verification. You will be informed of the further loan application process and other requirements.

Based on your meeting our loan eligibility criteria, you can get business loans up to Rs. 7.5 lakh. Here’s the list of cities where we provide our services:

Delhi NCR, Mumbai, Navi Mumbai, Thane, Jaipur, Lucknow, Indore.

Documents required for business loans without security

The documents needed for small business loans are minimal; you simply need to upload the PDFs of the followings on our instant loan App:

  • Passport size photograph
  • PAN Card and Aadhar Card
  • ITR
  • Previous nine months’ bank statement
  • Business place address proof
  • Residence address proof

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Business loan eligibility: How can it be improved?

You can follow these tips and improve your business loan eligibility –

  • Try to maintain a CIBIL score over 750.
  • Pay off any pending credit card bills, loans, or obligations you have. Avoid defaulting on payments to maintain a spotless repayment history.
  • Avoid applying for multiple business loans at the same time: Choose a business loan that's best suited to your finances. This could hurt your credit score.
  • Consider a longer loan repayment term. This will make it easier to repay over time. Longer repayment terms also result in lower EMIs.

How does your income affect your business loan eligibility?

A lender will want to make sure you have a stable business that is growing and bringing in a steady stream of income before they extend a loan. You are considered a low-risk borrower if you have a positive cash flow.

Your business loan application might be turned down if you lack a reliable source of income.

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Solving Real problems

Ram Yadav

I have been running my business for over twelve years but have not been able to undertake expansion activities. I applied to Ziploan and they cleared my loan application in a very short span of time.

Kanchan Lata

I approached Ziploan for an equipment finance loan. Their eligibility criterion was easy to fulfill because it required only 2 years ITR and 10 lacs of annual banking credit.

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