What is a line of credit and how does it work?

The line of credit is the amount you can borrow from your bank, up to that limit. It's usually based on your monthly income (or an estimate thereof), but there are other factors as well. The interest rate determines by your bank, so you'll have to ask them about that. 

You can also get a line of credit for business purposes, which would allow you to use your own money to pay bills or buy inventory without going through your personal account first.

Meet our business line of credit eligibility criteria to apply for a line of credit loan and get the following benefits:

instant business loan

ZipLoan is the Lender of Choice for Small Businesses.


Minimal Documentation

No balance sheet needed


No Prepayment Charges

After first 6 EMIs


Receive Funds Within 3 Days*

Straight into your account

Feature and benefits of a business line of credit

  • Short term financing for your short term fund requirements
  • Limit up to Rs. 3 Lakhs
  • Low-interest rate – 2% per month
  • Short repayment period up to 60 days
  • App-based flexible withdrawal and repayment
  • One time processing fee
  • Get instant money into your bank account by availing the business line of credit

You can use a low-interest business line of credit to finance short-term expenses, such as payroll, managing working capital, or inventory. You can support your small business with a flexible line of credit.

Solving Real problems

Ram Yadav

I have been running my business for over twelve years but have not been able to undertake expansion activities. I applied to Ziploan and they cleared my loan application in a very short span of time.

Kanchan Lata

I approached Ziploan for an equipment finance loan. Their eligibility criterion was easy to fulfill because it required only 2 years ITR and 10 lacs of annual banking credit.

Ready for Ziploan to
empower your business ?