Business Loan in Indore

There are many manufacturers and education institutions in Indore, and it is also the commercial center of India, which makes it attractive to upcoming entrepreneurs. Small businesses remain stagnant due to a lack of funds.

With a quick small business loan in Indore, they'll be able to rise above the competition. Ziploan is the best business loan provider in Indore offers hassle-free finance to MSMEs at competitive interest rates with minimum documentation.

instant business loan

ZipLoan is the Lender of Choice for Small Businesses.

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Minimal Documentation

No balance sheet needed

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No Prepayment Charges

After first 6 EMIs

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Receive Funds Within 3 Days*

Straight into your account

Features and Benefits - Small Business Loan in Indore

  • MSME Finance up to Rs 7.5 lakh – We offer small business loans for MSME ranging from Rs. 1 to 7.5 
  • Loan in 3 Days* - Once we receive your documents for a business loan, we disburse the funds within three days*.
  • Apply online - We have made the entire business loan application process easy and convenient. 
  • Best interest rates - Using an automated process and no manual intervention, we are able to offer fair business loan interest rates. Your business's repayment ability determines the interest rate.
  • Flexible repayment tenure - We offer repayment tenures ranging from 12 to 36 months. Hence, you will have sufficient time to repay the loan.
  • No prepayment charges - MSME finance at no prepayment charges after six EMIs (excluding pre-EMI).

Small and medium business owners can apply for a business loan in Indore of up to Rs. 7.5 lakh within 3 days*. We have simple eligibility criteria for business loans, so a greater number of people can benefit from them. Our repayment terms and approvals are fast too.

Note: We don't provide a loan to start a new business in Indore.

Documents and eligibility criteria

 ProprietorshipPartnershipPvt. Ltd. / LLP / One Person Company
Bank statement (12 months)
Business registration proof
PAN Card
Aadhar Card
ITR of the previous two years

Business loan interest rates and charges

Our small business loan interests in Indore are as follows:

Customized Interest RatesYes
Loan Tenureup to 36 months
Pre-closure chargesNil** after paying the first 6 EMIs
Eligibility CriteriaAnnual turnover more than Rs.10 lakh
Loan Amount₹ 1 Lakh – ₹ 7.5 Lakh

Business Loans EMI

Equated Monthly Instalments (EMIs) let you pay off a loan in affordable monthly payments. Ziploan is one of the best business loan companies in Indore that offers you a convenient EMI repayment option. You can repay the loan amount between 12 and 36 months.

You can calculate your EMI using our business loan EMI calculator.

How to Calculate Business Loan EMI?

Here is the formula to calculate business loan EMI.

EMI = P × r × (1 + r) n/ ((1 + r) n – 1)

Above:

P: Loan amount, r: interest rate, n: tenure in number of months

How to Apply for Business Loan in Indore

To apply for a small scale business loan in Indore online from ZipLoan, follow these three steps:

  1. Submit Application - Complete our online application to receive a business loan offer.
  2. Upload Documents - Verify your documents in one step by uploading digital copies.
  3. Get Sanctioned - Your business loan will be approved within 3 days* and disbursed.

Types of Business Loan Available in Indore

Here are the types of business loans that are available to you:

  • Short-term loan:  Finance for specific business areas on a short-term basis or for employee salaries or purchasing assets for the business. An owner of a business takes out a term loan to borrow a specific amount of money and repay it with interest over time.
  • Business credit line: A specific amount of money is available to the business owner at any time. Similar to a credit card, revolving credit provides a credit that resets once the amount withdrawn is paid in full.
  • Equipment financing: To purchase business equipment, or to purchase machinery, a business owner will need funds.
  • Invoice financingBusiness owners borrow money against customer invoices. A short-term requirement, it helps businesses manage cash flow, pays employees and suppliers, and boosts growth.
Ziploan is the best NBFC in Indore for business loan that also offers a business loan for womens in Indore
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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 ?