A business loan is a credit lending facility provided by banks, NBFCs, and other financial lending institutions to assist small business owners in meeting their urgent financial requirements related to their business.
Business loan can help them in growing their business, buy new inventory, meet the marketing requirements, and also raise the working capital, and meet day to day expenses and operations.
Getting a Business Loan?
Availing a business loan is an easy and effortless task due to growing NBFCs and other online lenders that have marked their presence in the last decade.
Applying for a business loan is now possible online as well, and so there is no need to wait in long queues outside the bank branches. All that is required is to fill up the MSME loan application form available on the website, and the executive will call the applicant to assist with the application process further.
With Ziploan, an applicant gets a facility to either fill up the application form directly from the website or through the mobile loan app. Moreover, Ziploan also provides an unsecured business loan, so an applicant or a business owner also does not need to worry about providing any sort of sort in exchange for the business loan. Additionally, applying for a business loan from Ziploan requires very minimal documentation.
Check Business Loan Eligibility
A business owner can check his/her business loan eligibility by checking the following:
The following is the business loan eligibility criteria:
- The business should have at least two years of vintage.
- The business should have the ITR filed for at least two years.
- The business owner must own a house or a business premise.
- Minimum Turnover of Rs. 10 Lakh in the last one year.
- The business address should be separate from the residence address.
The applicant needs to submit all the personal and financial documents as asked at the time of document verification. Post this, the applicant will be informed of the further business loan application process.
Based on meeting the Ziploan eligibility criteria, the applicant can avail an unsecured business loan up to Rs. 7.5 lacs.
All that is required is to fill up the name, surname, phone number and select the city. Next, the applicant will be redirected to a page where he/she will have to provide necessary information related to his/her business vintage and the properties that are owned.
As a next step, provide all the information about the business sales in the last 12 months and why do the business loan amount is required.
Once done, the page will show your business loan eligibility and whether you are eligible for business loan or not.
Documents required for a business loan are as follows:
The documents required to avail a small business loan are quite minimal; Simply upload all the PDFs on the website or the mobile ziploan app.
- Passport size photograph
- PAN Card and Aadhar Card
- Previous nine months’ bank statement
- Business place address proof
- Residence address proof
Applying for Business Loan from Ziploan
To apply for a business loan from Ziploan, one needs to follow the three easy steps. The business owner who needs to avail a business loan can apply for the business loans online from the Ziploan website, or the applicant can also download the mobile loan app from Google Play Store for easy access. Just follow the below steps and know the process to apply for an MSME loan:
- Online Application: Fill the business loan application online form with all the information as mentioned and submit the form.
- Documents: Upload all the required PDFs of the documents for quick loan processing.
- Approval: Ziploan representative will process all the documents and keep the applicant updated through SMS and emails.
So, why wait? Apply for an unsecured business loan with ZipLoan today, and get all the loan amount; within just a few working days, and get the business a required boost.
Company: Blue Jay Finlease Limited (Ziploan)
Email: [email protected]
Address: 607-610, 5th Floor, Kailash Building, 26 K.G. Marg, New Delhi - 110001, India