Looking for an instant SME loan in India to grow your slow-moving business? We at Ziploan offering quick MSME/SME loan up to 7.5 lakhs to meet your financial requirements. You can get an SME loan without collateral in just 3 days* after submitting few documents.
No balance sheet needed
After first 6 EMIs
Straight into your account
SME finance is the funding of small and medium-sized enterprises and represents a major function of the general business finance market – in which capital for different types of firms are supplied, acquired, and cost or priced.
The following are the benefits of availing of an MSME loan from us:
Our MSME loan eligibility criteria are simple to let more and more business individuals avail of the loan amount.
| 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 the first 6 EMIs |
| Eligibility Criteria | Annual turnover more than Rs.10 lakh |
| Loan Amount | ₹ 1 Lakh – ₹ 7.5 Lakh |
Here is the formula to calculate MSME Loan EMI
EMI = P × r × (1 + r) n/ ((1 + r) n – 1)
Above:
P: Loan amount, r: interest rate, n: tenure in number of months
Here are three steps process to apply for an MSME loan online from ZipLoan:
SME loan scheme is a great way to fund your business when needed. Here how you can utilize the fund of MSME/SME finance.
What is SME loan in India?
In India, both banks and non-banking financial companies (NBFCs) provide different types of loan products to the small and medium enterprises (SME).
How do I get a loan from SME?
3 simple steps to your MSME / SME Loans 1- Submit Application. Simply enter your personal, business and financial info to receive a MSME / SME Loans offer. 2- Upload Documents. Upload digital copies of your documents in a single step process for verification. 3- Get Sanctioned.
What are the documents required for SME loan?
To avail an SME loan from ZipLoan you need to provide: 1) PAN card 2) Bank statement for the last nine months 3) Business & house address proof (Aadhar card), and last two year’s ITR.
Who is eligible for an SME loan?
Every business owner who is running a business for more than two years and has a business turnover of more than Rs. 10 lacs can apply for a SME loan with us.
How can I get an SME loan?
To avail an SME loan from us you must meet our eligibility criteria. Simply, fill our online business loan application and provide the required documents. Our team will verify the documents and disburse the loan.
What is the interest rate for an SME loan?
The interest rate for an SME loan depends majorly on the CIBIL score and how well the borrower meets our eligibility criteria.
Can women get an SME loan?
Yes, we offer a business loan for women entrepreneur, they can avail a loan from us.
Why is SME financing important?
The key objective as a businessman for raising funds is expansion & growth over a couple of years. Funding is required to increase the capacity of the business with regards to raw materials, infrastructure, facility expansion, marketing & promotion etc.
Is Mudra loan under MSME?
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon'ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY.
