No balance sheet needed
For a business with turnover of 10L+
Straight into your account
And you pay back in easy EMI’s
Most traditional lenders require collateral and a long list of documents. Small businesses are not able to fulfil the eligibility criteria and face rejections when applying for loans. To provide easy credit to small businesses, ZipLoan offers collateral free short term business loans i at very reasonable terms.
MSME Loan Schemes are designed keeping in mind the funding requirements of small businesses. ZipLoan offers collateral free loan for msme on very favourable terms. Main features of our Sme Loans without Collateral: 1. Amount: INR 1-5 lac. 2. Repayment Term: Over a period of 12-24 months. Important MSME Loan Eligibility Requirement: 1. Last 2-3 years ITR 2. Minimum 10 lac annual banking credit. Important benefits of our MSME Loan Schemes: 1. No Prepayment Penalty: There is no penalty for partial or complete prepayment of loan before completion of tenure. 2. Holistic Credit Score: We do not follow CIBIL norms and instead have our own method of calculating credit score, which ensures that more MSME’s are eligible for a loan.