Quick & Easy Small Business Loan Providers in Indore
Indore is a major educational and manufacturing hub in the state of Madhya Pradesh. It is also a commercial center for goods and services which make the city an ideal location for many start-ups and small and medium businesses. Most people’s main task as a business owner is to arrange for money to finance day-to-day tasks and operations of the business.
You can provide your small business the much-needed growth it requires by availing a business loan in Indore from ZipLoan, from INR 1-5 Lacs. All the loan products by ZipLoan are specially tailored to meet the needs of the small business owners. With the help of our technology-enabled platform, we try to make our customer’s loan availing experience pleasant and less time-taking.
Follow these simple steps to apply for a business loan in Indore:
- Apply for a business loan: Visit our website and apply for a small business loan. You can also download our App, ZipLoan, from play store to apply for a business loan in Indore.
- Submit required documents: Upload the soft copies of the required documents on the website or App.
- Get Business Loan funds: Get business loan funds straight into your account within a few days and start using them.
We also have branches in Rajendra Nagar, Saket Nagar, Limbodi, Khajuri Bazar, Chordia, Ajnod, RNT Marg, Badwali Chowk, Dhannad, Farkodha, Gandhi Nagar, Gokulpur, Gurunanak Chowk, Javeri Bagh, Indore Cantt, Marwa Mill, Nanda Nagar, New Palasia, Malharganj, Nanda Nagar, RSS Nagar, Palakhedi, VS Market, Radio Colony Indore, Krishnaganj, Sudama Nagar, Tilak Nagar, DDU Nagar, Indore Nagar, and Sawer.
What is the Eligibility Criteria for a Business Loan in Indore?
Many people wonder how to get business loan in Indore? The first step to availing small business loans in Indore is meeting the eligibility criteria set by the lender. The following is the eligibility criteria to avail a business loan in Indore:
Credit Score: The borrower must have a good CIBIL score to avail business finance in Indore. A CIBIL score of minimum 650 is said to be satisfactory.
Turnover: The business must enjoy a minimum turnover of INR 10 lakhs in the last 12 months to get a loan for business in Indore.
Income Tax Return: To avail loans for small business in Indore, the business must have the filled the year’s ITR of more than INR 2.5 lakhs.
Business Premise: To get small business financing in Indore, the business have different business premise than the house premise.
Business Vintage: For quick business loans in Indore, the business must be in operation since last 2 years at least.