Benefits of Electronics Business Financing from ZipLoan
The following are the benefits of availing of an electronics store loan from us:
- Manage Working Capital Efficiently: Our MSME loan will help you accelerate your electronics and electrical business growth by purchasing new products, office revamping, and streamlining your working capital.
- Business Expansion: With quick electronics shop funding from ZipLoan, you can get ahead with production, product marketing, and expand your supply network as well.
- Raise Credibility: With our electronics business loan scheme, you can boost your business and deliver the order on time that will increase your credibility in the market.
Eligibility Criteria for Electronics Business Loan
To allow as many businesses as possible to qualify for our electronics store finance, we have made our eligibility criteria are simple.
- The business has been established for more than two years.
- Minimum annual turnover of Rs. 10 lakhs in the previous year.
- There must be no default history for the business.
- ITRs from last year should exceed Rs. 1.5 lakhs.
- Either the borrower owns a house or a business.
Documents Required for Sanitaryware Shop Loans
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
Hardware Products Retailer Loan Fees & Interest Rate
|Customized Interest Rates||Yes|
|Loan Tenure||up to 36 months|
|Pre-closure charges||Nil** after paying the first 6 EMIs|
|Eligibility Criteria||Annual turnover more than Rs.10 lakh|
|Loan Amount||₹ 1 Lakh – ₹ 7.5 Lakh|
How to Apply for an Electronics Business Loan
Here are three steps process to electronics business loan apply online from ZipLoan:
- Submit Application - Fill out our simple application to get an automobile loan to offer.
- Upload Documents - Verify your documents by uploading a digital copy.
- Get Sanctioned - Get approved and disbursed in 3 days*.