Benefits of Spices Traders Loan Scheme from ZipLoan
The following are the benefits of availing of a spices wholesaler loan from us:
- Manage Working Capital Efficiently: Spice trader loans are designed to help you manage your cash flow, purchase spices, and hire workers to expand.
- Business Expansion: ZipLoan can help spice traders expand their production, product marketing, and supply networks.
- Raise Credibility: Spice traders can boost their businesses and increase their credibility by taking advantage of our spice trader business loan.
Eligibility Criteria of Spice Traders Loan
Out spice trader MSME loan eligibility criteria are simple to let more and more business individuals avail the loan amount.
- An established spice traders shop 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 Spices Traders Loan
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
Spices Traders Loan Fees & Interest Rate
|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 Spices Traders Loan
Here are three steps process to spice traders loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial details to receive a spice traders loan offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your spices traders financing approval and disbursal within 3 working days*.