ZipLoan empowers women entrepreneurs to grow their businesses. We make it possible by providing business loans for women at the best interest rates available. The eligibility and criteria of our loans for women are simple. They can also apply online with our easy application process.
No balance sheet needed
After first 6 EMIs
Straight into your account
The advantages of availing a small business loan for women in India by ZipLoan are:
All these features and benefits make our business loan for ladies the best in the market compare to other banks and NBFCs. With our customized women loan scheme female entrepreneurs can speed up their business growth.
Business loan eligibility criteria for female entrepreneurs of 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 an MSME loan for women online from ZipLoan:
Women business owners can use small business loans for:
IFC, a member of the World Bank Group, reports that there are about 3.01 million small and medium women-owned enterprises in India, which represents about 10% of the country's SMEs. Approximately 78% of the 3.01 million women-owned MSMEs are in the service sector.
Today, women excel at managing and operating businesses. However, growing their small businesses has never been easy for them. Despite their enthusiasm and expertise to take their businesses to new heights, they are unable to acquire the additional finances they need through MSME loans for women. But not anymore!
The ZipLoan offers special loans for women businesses with easy terms. Women empowerment loans by ZipLoan are designed to help small businesses grow and offer low-interest rates.
Women-owned enterprises can obtain women entrepreneurs loans from us at customer-friendly rates, and we do not base their creditworthiness solely on CIBIL scores. Using ZipScore, we ensure that every women-owned MSME can receive a business loan.
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.
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.
