Business Loan Requirement
To apply for a business loan, the borrower needs to fulfil the following eligibility criteria:
- The business vintage of more than two years
- Business IT returns of more than Rs. 1.5 lakhs in the previous year
- Annual banking turnover of more than Rs. 5 lakh
- Ownership of either business place or house
How to get a Business Loan?
Follow these steps to avail a small business loan from ZipLoan:
- Step 1: Check the eligibility criteria - To check your eligibility criteria in 3 steps, visit our website and provide details.
- Step 2: Fill Loan Application - The next step is to fill the loan application with all the relevant information, such as the loan amount required, etc.
- Step 3: Upload Documents - The borrower needs to provide the soft copies of business loan documents to get his application processed further.
- Step 4: Get Approval - The last step is to get approval on the loan application and sign the contract with the lender to get loan amount disbursed.