Are you looking for a collateral free business loan in India? Then, Ziploan is the best place to get a business loan without collateral. We provide collateral free business loans at the best interest rate and flexible repayment options.
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ZipLoan is the Lender of Choice for Small Businesses.
No balance sheet needed
Collateral Free Loan
For a business with turnover of 10L+
Receive Funds within 3 Days
Straight into your account
No Prepayment Charges
After first 6 months
What is Collateral Free Business Loan?
The Collateral is assets that borrower has to deposit to avail assets like real estate, machinery, vehicles, and even a business loan. However, if you don't pay the loan then lenders will have the right to take possession of those assets. One can avail collateral-free business loan for multiple purposes like buying machinery, business growth, wedding, higher educations, etc.
Collateral Free Business Loans Features and Benefits
Ziploan collateral free business loans have the following benefits and features:
Flexibility: Ziploan offers customs business loans according to client's need. The client will have the option to choose the EMI tenor as per their choice.
Loan up to 7.5 lakh: You can avail of unsecured business loan up to Rs.7.5 lakh to meet your business needs. Use our EMI calculator to calculate your EMI of your collateral-free loan.
Online account access: You can apply for a business loan online from anywhere using our website or mobile app.
Minimal documents: We don't need a bundle of documents to process the loan application that one can upload on our website or mobile application.
Easy eligibility: Our business loan eligibility is easy to meet. All we need a business should have a turnover of Rs. 10 lakh and vintage of 2 years.
Best interest rates: Our collateral-free loan interest rates are best in the industry. The interest rates are offered on the basis of your business' repayment ability.
No prepayment charges: Prepayment charges are free after paid the first 6 EMIs (excluding pre-EMI).
Collateral-Free Business Loan Interest Rate and Fees
Customized Interest Rates
Loan Tenure up to
Nil** after paid first 6 EMIs
Not required for unsecured business loans
Annual turnover more than Rs.10 lakh
₹ 1 Lakh – ₹ 7.5 Lakh
How to Apply for Collateral-Free Loan?
Here are three steps process to apply for a business loan without collateral online from ZipLoan:
Submit Application - Simply enter your personal, business and financial info to receive a business loan offer.
Upload Documents - Upload digital copies of your documents in a single step process for verification.
Get Sanctioned - Receive your business loans approval and disbursal within 3 working days*
Types of Business Loans Without Collateral Offered by ZipLoan
Machinery Loan: You can avail machinery loan without security to expand operations or to upgrade to a better version. We understand that timely upgrade and good maintenance of machinery ensures that the small business stays competitive and profitable!
Working Capital Loan: Our unsecured working capital loan is specially designed for small businesses which have high seasonality and usually rely on working capital loans. The unsecured business financing for working capital helps small businesses to cover wages, accounts payable, and other related finances.
Term Loan: ZipLoan also offers a term loan of up to INR 1-7.5 Lakh at very easy terms and conditions. The business owner can apply for a business loan online.
Flexi Business Loan: The Flexi business loan without collateral by ZipLoan is designed to help the small business owners by making them access finances at the time of need. The business owners can use the cash to meet their unexpected cash requirements, equipment purchase, or business expansion up to the sanctioned limits and pay in easy monthly instalments.
Frequently Asked Questions
Can I get a business loan without any collateral?
Yes. You can get a collateral-free business loan from Ziploan.
What is a business loan?
Business loan is a kind of finance schemes where you can avail fund to buy new machinery, goods, and hire skilled employees.
Can I avail a business loan without security in India by the government?
Yes, there are many business loan schemes from the government are available that one can avail for small businesses.
Why should you take a business loan?
A business loan provides capital for business expansion and helps business owner meet all short and long term financial requirements. In the initial phase of the business, the business owner can use the MSME loan for new business for the basic needs, whereas he can maintain the growth momentum with the loan during the growth phase.
How can I get a business loan?
To avail a small business loan, the business owner can visit our website and fill the loan application form online. Or he can also apply through our loan app.
Who can get a business loan?
Any business owner with business operations of more than 2 years can avail of an SME loan from us.
What types of businesses qualify for a business loan?
Businesses with more than 2 years of vintage qualify for a business loan. Besides, their previous year’s turnover should be more than Rs. 10 lakh and they must have filed an ITR of more than Rs. 1.5 lakh in the last year.
Solving Real problems
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.
I approached Ziploan for an equipment finance loan because they required no collateral. Their eligibility criterion was easy to fulfill because it required only 2 years ITR and 10 lacs of annual banking credit.
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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