Best Business Loan Providers in India
Availing a business loan is the most suited way to increase working capital, buy or upgrade machinery, or expand the business. ZipLoan offers hassle-free NBFC business loan of INR 1-5 Lacs that can be repaid over a time period of 12-24 months. We have so far helped many companies from different sectors, such as clothing, manufacturing, pharmaceutical, electronic etc., in their growth with our unsecured business loan.
Advantages of Availing NBFC business loan:
Online Application: We allow you to access loan from NBFC online. You can apply for NBFC business loan on our website or through our ZipLoan App .Duly fill the form and submit. Our application process does not require any personal visits from your side.
No Prepayment Penalty: We do not levy any penalty on partial or complete payment of NBFC business loan before the completion of tenure.
ZipScore: We are the only one who understands the needs of small businesses and hence, do not go only by CIBIL norms while offering an NBFC business loan. As one of the leading business loan providers in India, we have developed our own holistic credit rating process called ‘Zipscore’.
- Low-Interest Rates: We offer NBFC business loan at competitive interest rates. We only charge 3% of the loan amount as processing fee.
Eligibility Criteria to Avail NBFC Business Loan
- Minimum Turnover of INR 10 Lacs in the last 12 months.
- Last year ITR of more than INR 2.5 Lacs.
- Either house or business premises should be owned.
- Business place should be separate from the residence.
- Business vintage (operations) for at least 2 years.
Documents Required for NBFC Business Loan
- PAN card
- Last 12-months bank statement
- Last 2-3 year ITR
- Business place address proof
- Residence address proof