Business loan Eligibility Criteria
The eligibility criteria for applying for a business loan in Rishikesh are:
- The business should be at least 2 years old
- Minimum 10 lakh of annual banking credit
- Last year Income Tax Return should be more than INR 1.5 lakh
- Either house or business premises should be self –owned
Business Loan Documents
Following documents are necessary to apply for a business loan from ZipLoan:
Business Loan Interest Charges
Get information about the business loan interest charges and the nominal rates for the ZipLoan business loan
Types of Business Loan available in Dewas
- Working Capital Loan – Working capital management outlines the daily activities of the entrepreneur. Working capital loans are used to cover payables, dues, wages and various other operational expenditures.
- Equipment Financing Loan – It is a kind of funds required to invest in the purchase of machinery & tools for manufacturing a good volume of products.
- Growth Capital Loan – This type of loan helps small business owners to concentrate on growing their business. Investment is generally done on the long term investment to grow the business.
- Micro-loan – A small sum of money is provided to meet the unprecedented crisis, expansions, capital payments and to manage few setbacks. The interest rates are very competitive by the bank or the lending agencies as the loan amount is very small
- Business Loans Without Security – The loan is provided without any security or assets. However, thorough background checks such as credibility, financial strength, annual turnover, cash flow and risk potential, etc are done. As the unsecured business loan attracts high risk, so the business owners are trusted with the good credit scores, KYC and business documents and the banking account statements.
How to apply for a business loan in Dewas?
You can conveniently avail a business loan in Dewas by following these simple 4 steps:
- Apply Online: Duly fill the business loan application form on our website to apply for a small business financing in Dewas. You can also download the ZipLoan Android App from the Google Play Store and apply for easy business loans in Dewas.
- Submit Required Documents: After applying for loans for small business in Dewas, submit the PDFs of the required documents.
- Business Loan Approval: Our representative will process your business loan application within a few hours after you submit it. We have our own holistic credit evaluation process, ZipScore.
- Business Loan Disbursement: Our business loan disbursement process is very quick, and we disburse the business loan in Dewas within a few hours after you sign a contract with us.