MSME/SME Loan Scheme

MSME Loan / SME Loan Features & Benefits

Looking for an instant SME loan in India to grow your slow-moving business? We at Ziploan offering unsecured collateral-free MSME/SME loan up to 7.5 lakhs to meet your financial requirements. You can get SME loan without collateral in just 3 days* after submitting few documents.

How old is your business?
Last year’s Sales?
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Phone
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instant business loan

ZipLoan is the Lender of Choice for Small Businesses.

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Minimal Documentation

No balance sheet needed

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Collateral Free Loan

For a business with turnover of 10L+

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Receive Funds within 3 Days

Straight into your account

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No Prepayment Charges

After first 6 months

What is the meaning of SME Loan?

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.

Top Features of MSME/SME Loan:

  • MSME/SME Finance up to Rs 7.5 lakh – We offer MSME loans without collateral ranging from Rs. 1 to Rs. 7.5 lakhs. We have a flexible ticket size, so you can pick the amount that you require.
  • Unsecured Loans - We offer unsecured collateral-free business loan to MSME. You don't to mortgage anything to avail SME loan from us.
  • Get Loan in 3 Days* - Online submission of the documents help us process your loan application faster. We disburse the loan amount within three days* after receiving your SME/MSME loan documents.
  • Apply Online - To apply the SME loan scheme fast and hassle-free, we have made the entire application process online. We also offer same-day approvals with disbursals within three days after the documents are submitted and verified.
  • Low-Interest Rates - Our SME loan interest rates are low compared to our competitors. The automated process makes our process and interest rates fair. The interest rates are offered on the basis of your business' repayment ability.
  • Flexible Repayment Tenure - Our repayment tenure starts from 12 months to 36 months. Therefore, you get enough time to repay the loan amount.
  • Zero Prepayment Fees - We offer MSME loans at no pre-payment charges after you have paid the first 6 EMIs (excluding pre-EMI).

Benefits of SME Loan Scheme from ZipLoan

The following are the benefits of availing an MSME loan from us:

Eligibility Criteria of MSME Loan

Our MSME loan eligibility criteria are simple to let more and more business individuals avail the loan amount.

Documents Required for an MSME / SME Loans

 ProprietorshipPartnershipPvt. Ltd. / LLP / One Person Company
Bank statement (12 months)
Business registration proof
PAN Card
Aadhar Card
ITR of the previous two years

MSME / SME Loans Fees & Interest Rates

Customized Interest RatesYes
Loan Tenureup to 36 months
Pre-closure chargesNil** after paid first 6 EMIs
CollateralNot required for unsecured business loans
Eligibility CriteriaAnnual turnover more than Rs.10 lakh
Loan Amount₹ 1 Lakh – ₹ 7.5 Lakh

How to Calculate MSME/SME Loan EMI?

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

How to Apply for MSME/SME Loan

Here are three steps process to apply for MSME loan online from ZipLoan:

  1. Submit Application - Simply enter your personal, business and financial info to receive an MSME / SME Loans offer.
  2. Upload Documents - Upload digital copies of your documents in a single step process for verification.
  3. Get Sanctioned - Receive your MSME / SME Loans approval and disbursal within 3 working days*.

How to Use MSME/SME Loan?

SME loan scheme is a great way to fund your business when needed. Here how you can utilize the fund of MSME/SME finance.

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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 ?