Frequently Asked Questions

ZipLoan provides you the financial access only for Business. You have to submit some basic documents for a quick credit evaluation and based on that we process loan in 3 days. You can take loan with us for following reasons:

• Expanding the Business
• Meeting the gaps in Cash-flows
• Working Capital
• Manage the Inventory
• Buying new business equipments

Ziploan is a technology driven NBFC which connects small businesses with their financial needs. We are present in Delhi NCR, Bhopal, Indore, Jaipur, Lucknow and Mumbai.

ZipLoan is set up to make finance easily accessible for small businesses. In the recent scenario small businesses are ignored by big financial institutions and banks. Ziploan also evaluate the businesses not only on their credit history, at Ziploan we take decisions based on multiple data points.

ZipLoan is based in Delhi NCR, Bhopal, Indore, Jaipur, Lucknow and Mumbai.

Applying for a business loan from ZipLoan offers the following benefits :

• Online application form, apply from anywhere!
• Loan disbursal within 3 days* of document submission.
• No prepayment charges after first 6 months of successful EMI repayment.

The reasons to choose ZipLoan over any other moneylender are:

• Reasonable Rate of Interest: The exact interest rate will be communicated to you after credit. Analysis of your financial profile. Rate of interest varies from 1-1.5 % per month flat.
• Online Application: Apply from anywhere.
• No Prepayment Penalty: No prepayment charges after first 6 months of successful EMI repayment.

You can apply for a loan from our website or through the ZipLoan mobile app. The loan application process is entirely online. You can submit the list of necessary documents on our mobile app/web.

Following documents are necessary to apply for loan at ZipLoan:

• PAN Card
• Last 12 month Bank Statement
• Last 1 year's ITR
• Address Proof
• Aadhar Card
• Business or Residential premises ownership proof

ZipLoan collects sensitive personal data / information after your due consent, such as your name, mailing address, phone number, email address, pan number, gst number, sms, phone details, phone contacts, location, call logs, income tax returns, bank account number, passport details, driving license details, personal statements, reasons for seeking finance, income sources and financial information, etc. ZipLoan uses this data for loan evaluation of applicants. Most small businesses do not have all the necessary documents and hence we supplement our underwriting process with the use of this data. The sensitive data collected by ZipLoan is stored with bank grade security.

After submission of required documents and its successful evaluation we take a minimum of 3 business days to disburse the loan. (Terms and Conditions apply)

• You can check the status of your application by downloading ZipLoan App and signing with your registered PAN number.
• You can also check the status of your application on our web portal by signing in with your registered PAN number.
• Alternatively you can also reach out to us at customer.care@ziploan.com

Login into www.ziploan.in and check all the minute details related to your loan. You can also check by login on our Android Application. You can download our mobile application from here: https://play.google.com/store/apps/details?id=com.ziploan.borrower&hl=en

Top-up loan is a facility provided by Ziploan which allows the borrower to borrow a certain amount of money over and above his/her current outstanding loan.

These are some benefits of Top-up loan:

• Increase Existing Loan Tenure
• Quick Approval
• Minimal Documentation

• If your current loan tenor with Ziploan is 12 months then you will be eligible for Top-up loan after successfully completing 6 months EMI without any bouncing.
• If your current loan tenor with Ziploan is between 18-36 months then you will be eligible for Top-up loan after successfully completing 9 months EMI without any bouncing.

• You can apply for a Top Up on our website or mobile app by signing in with your PAN.
• Alternatively, you can call us at 011-4084-4613 or email us at customer.care@ziploan.com

Eligibility criteria for a business loan from ZipLoan:

• Minimum 10 lakh of annual banking credit.
• Last year ITR of more than INR 1.5 Lacs.
• Either house or business premises should be self-owned.
• Business should have been operating for at least 2 years.

You are eligible to avail a loan from ZipLoan if your business is more than 2 years old.

You can borrow a loan of INR 1-7.5 lacs. Repayment period ranges from 12-36 months.

The exact interest rate will be communicated to you after credit analysis of your financial profile. Interest Rates generally range from 1-1.5% per month(Flat).

Yes. There is need to submit property papers, mortgage or any kind of security.

Yes. You can repay the loan before due date. ZipLoan levies no prepayment penalty after 6 months.

We accept EMI in 3 ways:

• We collect PDC's before disbursement
• We deduct EMI from your bank account automatically by getting an ACH form signed by you.
• We also accept EMI through IMPS/NEFT

Though we require your CIBIL score, it is only a part of our credit evaluation process. We evaluate the credit of small enterprises in a holistic fashion and generate a unique internal credit score termed ‘Zipscore’. Zipscore ensures that a business is evaluated for factors beyond just the CIBIL score.