MSME Loan in Delhi

Delhi provides a huge number of business opportunities in all sectors, ranging from retail to manufacturing. Delhi a hotspot for many business owners. With a number of businesses operating in Delhi, the need for an MSME loan in Delhi is also very high. We offer business loans in Delhi to small business owners up to Rs. 7.5 lakhs at minimal documentation and essential eligibility criteria.

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

What is MSME?

MSME full form is Micro, Small, and Medium Enterprises. The Government of India has introduced MSME or Micro, Small, and Medium Enterprises in agreement with Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006. These enterprises primarily engaged in the production, manufacturing, processing, or preservation of goods and commodities.

MSME Loan Documents

Following are MSME loan documents require to avail of MSME finance in Delhi:

  • ITR of the last two year
  • Bank statement (12 Months)
  • PAN card
  • Aadhar card
  • Address proof (business and house)

MSME Loan Features & Benefits

ZipLoan, one of the best MSME loan providers in Delhi, is an RBI registered NBFC and offers SME loans ranging from Rs 1 to 7.5 lakhs. The following are the features of the business loan offered by the NBFC:

  • Loan up to Rs. 7.5 Lakhs: We offer MSME loans ranging from Rs. 1 Lakh to Rs. 7.5 Lakh to the eligible MSME business owners. The wider loan window offered by us helps the business owners get access to funds to meet all their various business requirements, such as business expansion and growth.
  • Online Processing: We have an online business loan application process for applicants to apply for a loan through mobile or laptop/PC. So, there is no need for you to visit us in person.
  • Faster Processing: We have a fast process wherein we process the application and disburse the loan amount in just three days*. lThe online loan application saves time as there is no time between your filling the loan application and us processing it. Besides, we try and inform the borrower about his eligibility on the same day he applies for the loan.
  • Flexible Repayment: We offer flexible repayment offers to our borrowers. You can choose between 12 months, 18 months, and 24 months, and 36 months as per your business financials.
  • No Hidden Costs: We don’t have any hidden charges or costs. We levy a one-time processing fee. No prepayment penalty after the payment of 6 EMIs

MSME Loan Interest Rates

Let’s now take a look at the factors that affect MSME loan interest rates of all the business loan companies in Delhi:

  • Business Existence: The longer the business is in operations, the better it is. The minimum business vintage required is two years. With two or more years of business vintage, you are able to provide ITR, bank statement, and other documents to prove the financial stability of your business.
  • Yearly Turnover: The yearly turnover depicts whether the business is making profits or incurring losses. In short, it plays a key factor in determining the eligibility of your business. Many times business turnover fluctuates. However, it is imperative to maintain consistency in it.
  • Credit Score: It helps in determining your and your business’ creditworthiness numerically, based on the credit history. In case, if you have availed of loans in the past and have paid all EMIs on time, it will impact your score positively. However, if you have defaulted on the EMIs, your score will be impacted negatively.
  • Business Nature: There are several sectors that the loan lenders term as risky. Hence, they don’t lend to them. Therefore, business nature and sector also play a major role in interest rate, as if the borrower operates in risky nature, the interest rates would be high.

Why avail MSME Loan in Delhi?

We are one of the best NBFCs in Delhi for business loans as we offer MSME loans. The following are the benefits of our business loans:

  • Types of Unsecured MSME Loans: you have several options to choose between when availing of unsecured loans. You can avail of a machinery loan, term loan, working capital loan, and capital loan.
  • Simple Process: We have a fast and simple application process. You can fill the loan application in as little as just 10 minutes. Just check your eligibility criteria on our eligibility calculator and fill the loan application. Besides, we require minimal documentation for the processing of the application. And you can submit the documents online – upload their soft copies (pictures or PDFs).
  • Fast Disbursement Process: Our disbursement process is fast. We approve the loan application the same day and disburse the loan amount in just three days*. We are a technology-enabled lending platform, which is the main reason we accelerate the lending process. 
  • Shorter Repayment Tenure: Our loan repayment tenure is short, ranging from 12 months to 24 months, and 36 months. You can choose one that suits your pocket. This helps you get access to the necessary funds without indulging in long-term liability. In addition, the short debts also help you in keeping your cash flow positive.
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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.

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