Benefits of Medical Business Loan Scheme from ZipLoan
The following are the benefits of availing of a medical store loan from us:
- Manage Working Capital Efficiently: Our medical store loan will help you accelerate your business growth by purchasing new medical equipment, clinic revamping, maintaining a stock of medicines, and streamlining your working capital.
- Business Expansion: With a quick medical store loan from ZipLoan, you can get ahead with your competitors and serve your patients better.
- Raise Credibility: With funds provided by Ziploan, you can boost your medical shop business and deliver the order on time that will increase your credibility in the market.
Eligibility Criteria for Medical Shop Loan
Our medical equipment financing eligibility criteria are simple to let more and more business individuals avail of the loan amount.
- An established medical shop with a proven 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 income tax filed during the last year should be more than Rs. 1.5 lakhs.
- The borrower should own either house or a business place.
Documents Required for a Medical Shop Loan
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
Medical Store 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 Medical Store Business Loan
Here are three-step process to medical shop loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial info to receive a loan offer.
- Upload Documents - Upload digital copies of your documents in a single- process for verification.
- Get Sanctioned - Receive your medical loan approval and disbursal within 3 working days*.