Eligibility Criteria of Retail Shop Loan
Our retail store loan eligibility criteria are simple to let more and more business individuals avail of the loan amount.
- An established pet daycare 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 Cafe / Bakery Loan
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|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 Retail Store Loan
Here are three steps process to pet shop loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial info to receive a pet loans offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your business loans approval and disbursal within 3 working days*.
How to Use Retail Store Finance?
Ziploan gives you fund that you can use for various purposes like:
- Buying new inventory
- Opening business at a competitive location
- Hiring new employees
- Revamp the store
- Meet seasonal demands
- Avail offers/schemes
- Marketing and advertising