Restaurant Loan Eligibility Criteria
The eligibility criteria for a restaurant loan from Ziploan can be fulfilled easily.
- An established Restaurant 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 a Restaurant place.
Documents Required for Hotel / Restaurant Loans
| ||Proprietorship||Partnership||Pvt. Ltd. / LLP / One Person Company|
|Bank statement (12 months)||✓||✓||✓|
|Business registration proof||✓||✓||✓|
|ITR of the previous two years||✓||✓||✓|
Hotel / Restaurant 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|
Benefits of Restaurant Business Loans from ZipLoan
The following are the benefits of availing funds for Restaurant from us:
- Manage Working Capital Efficiently: Our business loan will help you purchasing raw material, office revamping, and streamlining your working capital.
- Business Expansion: With our restaurant financing, you can get ahead with production, marketing, and expand your supply network as well.
- Raise Credibility: With our business loan, you can boost your business and deliver the order on time that will increase your credibility in the market.
How to Apply for Restaurant/Hotel 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 restaurant/hotel loans offer.
- Upload Documents - Upload digital copies of your documents in a single-step process for verification.
- Get Sanctioned - Receive your fund approval and disbursal within 3 working days*