ZipLoan offers business loan for shopkeeper without collateral to help them take their small business forward. Our business loan eligibility criteria are easy to meet and have the best shop loan interest rate in the market.
No balance sheet needed
For a business with turnover of 10L+
Straight into your account
After first 6 months
Loan for retail shop is an ideal option for shopkeepers to get additional finances to take their small business to upward directions. Most traditional lending institutions offer collateral shop loans and require a long list of documents. Often unable to provide collateral and documents, small shopkeepers face rejection in availing a personal loan for the shop. ZipLoan offers loans for Kirana store, loan for departmental stores, and other shops at the best shop loan rates.
ZipLoan offers quick shop loan on easy to meet terms and conditions. We have so far offered a collateral-free business loan to more than 2000+ small businesses, including traders, manufacturing units, service providers, chemist and pharmacy shops, and vegetable vendors. We offer a loan for the shopkeeper in Delhi, Gurgaon, Noida, Indore, Jaipur, and many other cities in the country.
Our shop loan calculator helps us to calculate the eligibility of the shopkeeper and we offer shop loan at very customer-friendly policies. You can calculate the EMIs through the business loan EMI calculator for commercial shop loan and repay the shop loan in easy monthly instalments. Our shop loan interest rates are very competitive and we offer business loan fast approval. We strive to build enduring relationships with our customers. Our vision is to expand across India and cater to a large number of businessmen whose credit needs have not been met.
Our shop loan is ideal for small businesses like grocery shops, Kirana shops, medical shops, ready-made garment shops, etc. Top features of Business Loan for Shopkeepers are -
The eligibility criteria for shop loan of ZipLoan are:
The documents needed for Kirana store loans are minimal; you simply need to upload the PDFs of the followings on our instant loan App:
Fees and interest rate that you would have to pay when you avail shopkeeper loan from ZipLoan:
| Rate of Interest | 1% to 1.5% (Flat Rate)* |
| Tenure of the loan | Maximum up to 36 months |
| Collateral | N/A |
| Amount of Loan | Rs. 50,000 to 7.5 Lakhs |
| Pre-Closure Fees | N/A (After Payment of 6 EMI) |
| Processing Charges | 1 to 2% of the loan amount |
| Loan Disbursal Time | Within 3 working days* |
| Eligibility | Last year turnover should be more than 10 lakh |
Here is how to apply business loan for shopkeeper:
A shopkeeper can use the loan for a shop in a number of ways:
If you are wondering on how to get a business loan for shopkeeper? Then worry not! Apply for a shop loan online with ZipLoan and get the funds at the best business loan interest rates.
How do you get a shop loan?
The basic documents needed for a business loan are: 1) Applicant's identity proof like a aadhar card, PAN card etc. 2) Applicant's shop address proof 3) Business PAN Card 4) ITR of past year 5) Business documents like a sole proprietorship declaration.
Can I get MSME loan from ZipLoan?
Yes, we offer unsecured MSME loan for small businesses.
Do I have submit collateral to avail business loan?
No. We offer collateral free shop loan.
Can I get a loan for working capital needs?
Yes, you can apply working capital loan from ZipLoan?
Do you check CIBIL score for a business loan?
No, we have our own metrics to name ZipScore to avail a business loan.
