Business Loan Requirements
The business loan requirements vary depending on the type of lender one approaches. ZipLoan offers collateral free business loans to small businesses at a very attractive rate of interest. The easy business loan application is completely online and one can get a business loan without having to make multiple personal visits. The business loan form offered by ZipLoan is in the form of a simple checklist that allows a borrower to evaluate whether they fulfil the business loan requirements. The form asks for basic details to enable us to get a better understanding of your business loan requirements..
Business Loan Eligibility
The business loan requirements are most often strict in terms of eligibility. ZipLoan uses the following parameters to calculate the eligibility criteria:
- Minimum 5 lakh of annual banking credit.
- Income Tax Returns for the last 2-3 years.
- Zipscore: Our unique credit rating process takes is more holistic than a CIBIL score and we do not believe in following a one size fits all approach when it comes to evaluating credit.