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Business Loan for Medical Store

Name: ZipLoan
Address: 608 - 610, 6th Floor, Kailash Building, 26 K.G.Marg, 110001
Telephone: 011-4084-4613

Looking for a quick medical store business loan to scale up your medical shop business to a new height? We at Ziploan offer instant MSME loans of up to 7.5 lakh to meet your financial requirements. You can get a fast medical shop loan online in just 3 days* after submitting few documents.

Your loan amount requirement?^*

upto 3 lacs

3 - 5 lacs

Above 5 lacs

First Name^*

Last Name^*

Mobile no.^*

E-mail Id

ZipLoan is the Lender of Choice for Small Businesses.

Minimal Documentation

No balance sheet needed

No Prepayment Charges

After first 6 EMIs

Receive Funds Within 3 Days^*

Straight into your account

What is Medical Store Loan?

A medical store loan is a type of business loan that financial institutions and banks provide to private hospitals, clinics, and medical stores to stock medicines, revamp clinics/stores, hire skilled employees and buy medical equipment.

Top Features of Medical Store Loan:

Medical Shop Finance up to Rs 7.5 lakh – We offer medical equipment finance ranging from Rs. 1 to 7.5 lakhs.
Loan in 3 Days* - Online submission of the documents lets us process your loan application faster. We disburse the loan amount within three days* after getting your business loan documents.
Apply Online - To apply doctor loan scheme fast and comfortably, we have made the entire application process online.
Best Interest Rates - Our medical shop loan interest rates are the best in the industry. No manual intervention but the automated process makes our process and interest rates fair. The interest rates are offered on the basis of your business's repayment ability.
Flexible Repayment Tenure - Our repayment tenure starts from 12 months to 36 months. Therefore, you get enough time to repay the loan amount.
No Prepayment Charges - We offer medical loans at no prepayment charges after you have paid the first 6 EMIs (excluding pre-EMI).

Quick Links

CGTMSE MSME Registration Udyog Aadhar MSME Full Form Business Loan Features and Benefits MSME Loan Apply

Benefits of Medical Business Loan Scheme from ZipLoan

The following are the benefits of availing of a medical store loan from us:

Manage Working Capital Efficiently: Our medical store loan will help you accelerate your business growth by purchasing new medical equipment, clinic revamping, maintaining a stock of medicines, and streamlining your working capital.
Business Expansion: With a quick medical store loan from ZipLoan, you can get ahead with your competitors and serve your patients better.
Raise Credibility: With funds provided by Ziploan, you can boost your medical shop business and deliver the order on time that will increase your credibility in the market.

Eligibility Criteria for Medical Shop Loan

Our medical equipment financing eligibility criteria are simple to let more and more business individuals avail of the loan amount.

An established medical shop with a proven business vintage of more than two years.
Minimum annual turnover of Rs. 10 lakhs in the previous year.
The business must not have any default history.
The income tax filed during the last year should be more than Rs. 1.5 lakhs.
The borrower should own either house or a business place.

Documents Required for a Medical Shop Loan

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

Medical Store Loans Fees & Interest Rates

Customized Interest Rates	Yes
Loan Tenure	up to 36 months
Pre-closure charges	Nil** after paid the first 6 EMIs
Eligibility Criteria	Annual turnover more than Rs.10 lakh
Loan Amount	₹ 1 Lakh – ₹ 7.5 Lakh

How to Apply for Medical Store Business Loan

Here are three-step process to medical shop loan apply online from ZipLoan:

Submit Application - Simply enter your personal, business, and financial info to receive a loan offer.
Upload Documents - Upload digital copies of your documents in a single- process for verification.
Get Sanctioned - Receive your medical loan approval and disbursal within 3 working days*.

Frequently Asked Questions

How can I get a loan for a medical shop?

You need to meet the eligibility criteria and submit the required documents to avail medical shop loan of up to Rs. 7.5 lakhs from Ziploan.

Can I get a business loan for the medical store?

Yes, we at Ziploan provide quick business finance to medical shops.

How can I open a medical store?

Start an pharmacy by following these steps: 1) Plan your business 2) Form a legal entity 3) Register for taxes 4) Open a business bank account 5) Set up business accounting 6) Obtain necessary permits and licenses 7) Get business insurance 8) Get medicine stocks

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.

Babu Lal

I always thought that loans and credit facilities were only available to large businesses with significant turnover. I never thought I would be eligible to qualify for a business loan too. Ziploan is boon for small enterprises like me.

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Business Loan for Medical Store