At ZipLoan, we encourage the women entrepreneurs to chase their dreams and grow their small business. To make it happen we offer business loans for women at the best business loan interest rates in the market. Our business loan eligibility and criteria are easy to fulfil. Furthermore, our online application process makes the application easy for them.
No balance sheet needed
For a business with turnover of 10L+
Straight into your account
After first 6 months
The advantages of availing an unsecured small business loan for women in India by ZipLoan are:
All these features and benefits make our business loan offer for ladies the best in the market compare to other bank and NBFCs.
Business loan eligibility criteria for female entrepreneurs from Ziploan are very simple as we only need their:
| 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 | ✓ | ✓ | ✓ |
| Customized Interest Rates | Yes |
| Loan Tenure | up to 36 months |
| Pre-closure charges | Nil** after paid first 6 EMIs |
| Collateral | Not required for unsecured business loans |
| Eligibility Criteria | Annual turnover more than Rs.10 lakh |
| Loan Amount | ₹ 1 Lakh – ₹ 7,5 Lakh |
Here are three steps process to apply for MSME loan for women online from ZipLoan:
Women business owners can use small business loans for:
According to a report by International Finance Corporation, a member of World Bank Group, there are around 3.01 million small and medium women-owned enterprises in the country that represent about 10% of the MSMEs in India. Out of 3.01 million women-owned MSMEs, approximately 78% of enterprises are in the service sector.
Women, these days, are excelling in operating and managing the business successfully. However, it has never been easy for them to grow their small business. Even after having expertise and enthusiasm to take their business to new heights, they find it hard to arrange for the additional finances in terms of commercial loans for women. But not anymore!
ZipLoan offers special women business loan schemes at easy terms and conditions. The women business loans by ZipLoan are designed keeping the needs of the growing small business in mind and are offered at low-interest rates.
We offer loans for women-owned business at customer-friendly policies and do not calculate the creditworthiness of the borrower entirely on the basis of the CIBIL score. We have our own holistic credit evaluation process, ZipScore that ensures that we make a business loan for women possible for every women-owned MSME.
How do female entrepreneurs get a loan?
Women entrepreneurs can get a business loan from NBFC as well as from mudra loan scheme.
How do I know if I qualify for a business loan?
1) An established MSME with a proved business vintage of more than two years. 2) Minimum annual turnover of Rs. 10 lakhs in the previous year. 3) The business must not have any default history. 4) The income tax filed during the last year should be more than Rs. 1.5 lakhs. 5) The borrower should own either house or business place.
How to apply for a business loan?
1) Fill up the application that requires your personal, business and financial info. 2) Submit the required documents for the next process. 3) Get money directly into your bank account within three working days*.
Can a sole proprietor get a business loan?
Yes, a sole proprietor can get a business loan from ZipLoan after they fulfil our business loan eligibility criteria.
What is the business loan EMI I have to pay?
The EMI amount that you need to pay each month will depend on the amount of loan you avail, the interest rate charged by the lender, and the repayment tenure you choose. You can use the SME EMI calculator to know your EMI.
Do I have to provide any security to avail business loan from Ziploan?
No, we provide a collateral-free business loan. Therefore, you don't need to deposit any security.
Can women with bad credit get a business loan?
We at Ziploan have our own metric (Zipscore) instead of or using credit score. So, if you have enough Zipscore then you can avail business loan from us.
What Are Some Other Popular Financing Options for Women Business Owners?
Apart from the lending loan from us, businesswomen can avail loan from mudra loan scheme and udyogini scheme.
