MSME Loan Eligibility Criteria

What is MSME loan?

MSME loans are business loans launched by Government especially for Micro, Small and Medium Enterprises (MSMEs) to provide the required funds necessary to function its business operations along with expanding its operations.

MSME loans may be used to buy new machinery/equipment, buy raw materials, manage the working capital requirement, pay-off the debt, invest in marketing activities, business expansion strategies, etc.

How old is your business?
Last year’s Sales?
First Name
Last Name
Phone
Name your city

instant business loan

ZipLoan is the Lender of Choice for Small Businesses.

logo
Minimal Documentation

No balance sheet needed

logo
Collateral Free Loan

For a business with turnover of 10L+

logo
Receive Funds within 3 Days

Straight into your account

logo
No Prepayment Charges

After first 6 months

What are the benefits of MSME loans?

The benefits of MSME loans are stated as follows:

  • MSME loans are made available at an affordable MSME loan interest rate. It can also be customized owing to the credit score of the MSME.
  • MSME loans have a flexible loan repayment tenure period ranging from 1 year to 3 years giving MSME enough time to arrange for the loan repayment.
  • MSME loans being unsecured business loans, there is no need to submit collateral.
  • Being an online business loan, it is easy to apply for MSME loan owing to the method is easy.
  • Being an Instant Business Loans, there is a quick disbursal of loan granting loan amount to MSME within a few working days of the application submission date.

What are the MSME loan eligibility criteria?

To make the funds available easily, without any hassle to MSMEs, the MSME loan eligibility criteria have been made pretty basic. Below detailed are the eligibility criteria:

Firstly, to apply and then avail of the MSME loan, the company must register its business as MSME under the MSME Act.

How to get MSME loan?

It is very easy to submit and thereby obtain MSME loans from Ziploan, whereby the MSME needs to first submit the application form and then upload all the required business loan documents online and within a few working days, the loan amount may be sanctioned.

ICICI-Prudential-Internal-page

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 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.

Ready for Ziploan to
empower your business ?