Why should you choose the Ziploan business loan?
Ziploan is one of the trusted NBFCs in India which offers customized business loan solutions to MSMEs. Benefits of availing a loan from us is low-interest rates, flexible tenure, minimum documents, zero hidden charges, quick approvals and more.
By availing instant business loan you can:
- Increase your business cash flow
- Rent bigger space
- Renovate your working space
- Buy, upgrade, or repair machinery and equipment
- Enable latest technology
- Manitain stocks
- Hire skilled employees
- Purchase raw materials
- Expand businesses to other areas
- Grab bigger projects and scale
Types of business loan Ziploan offers:
Ziploan has customized business loan for your special needs:
- Working capital loans - Maintain a working captial loan without facing any issue with our quick business loan.
- Machinery loans - Upgrade your plant with latest techonology with a machinery loan and get more orders instantly.
- SME and MSME loans - Small and medium sizes businesses can increase their profit and sales with MSME loans.
- Shop loans - Quick shop loan will help you scale your business.
- Kirana loans - With help of kirana store loan you can upgrade and increase your kirana sales.
- Business loan for women - Customized business loan for women give opportunity to female entrepreuers to live their dream.
Our business loan eligibility criteria are simple to let more and more business individuals avail of the loan amount.
- An established MSME 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.
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
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|
Business loans EMI calculation
Use our EMI calculator to calculate your EMIs, therefore you can use your fund wisely. However, you can also calculate your EMI manually using EMI calculation formula:
The online calculator uses the following formula:
- E - EMI
- P - Principal of loan amount
- r - The rate of interest (calculated monthly)
- n - Tenor
How to Apply for MSME Loan
Here are three steps process to MSME loan apply online from ZipLoan:
- Submit Application - Simply enter your personal, business, and financial info to receive a business loan offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your loan approval and disbursal within 3 working days*.