ZipLoan Business Loan

ZipLoan Business Loan
Interest Rate	1% – 1.5% per month (Flat)
Loan Amount	Min. Rs. 1 lakh & Max. Rs. 7.5 lakh
Processing Fee	1-2% of the sanctioned loan amount
Repayment Tenure	12 months -36 months
Collateral	Not required for business with turnover of Rs. 10 lakh
Prepayment Charges	Nil, after first 6 months
Loan Sanctioning Tenure	Within 3 business days after form submission
Annual Turnover	More than Rs. 10 lakh

Note: The mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges. Interest Rates are updated as on January 2023.

Compare: Business Loan Interest Rate of Top Banks & NBFC’s

• Applicant should have a minimum of 10 lakh of annual turnover
• Last ITR of more than Rs. 1.5 lakh
• Either business space or home should be self-owned
• Business existence of at least 2 years

Step 1: Make an Online Application: Borrower has to apply for the business loan online at ZipLoan’s official website or mobile application. The processing of your loan application starts within a few hours of your application submission.

Step 2: Provide necessary documents: The borrower is required to submit necessary documents by uploading it online in a PDF format. Documents will be analyzed through our hi-tech credit analysis team. A door-to-door service is also provided by the lender; a representative from ZipLoan would collect the documents from your place.

Step 3: Avail Small Business Loan: After the eligibility of the borrower is checked and the documents are verified, business loan will be processed and disbursed within 3 working days.

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Personal Documents

• PAN card
• Residence address proof
• Ownership of property proof

Business Documents

• Business PAN card
• Business vintage, entity, and address proofs
• GST registration certificate
• Last year’s ITR
• Last 12 months’ Bank account statement

Ziploan Business Loan Customer Care Number

Call – 011 – 4310 – 9577 (10 am to 6 pm)
Email ID: customer.care@ziploan.com

Q. Where is ZipLoan located?

ZipLoan can be located in India’s 6 cities, including Delhi/NCR, Mumbai, Lucknow, Bhopal, Indore, and Jaipur.

Q. Business loans can be availed for what purposes?

Loans can be availed for business purposes only. One can avail various benefits of business loans from ZipLoan:

• To start a new business
• Business Expansion
• Enhance cash flow
• Purchase of goods and raw materials, etc.

Q. What is the maximum loan amount that can be availed?

The maximum loan amount that can be availed is Rs. 7.5 lakh.

Q. Can I take a Top-up loan above my existing business loan?

Yes, you can take a Top-up loan over the existing business loan.

Q. How much time does it take to pass and disburse the loan?

After the submission of the documents, it takes a minimum of 3 working days to process and disburse business loans.

Q. How can I repay the loan taken from ZipLoan?

The loan repayment can be done in three simple ways:

1. EMI payment through NEFT/IMPS.
2. Through a Post-Dated Cheque (PDC) submitted before disbursement.

EMI payment from your bank directly on the basis of your duly signed Automatic Clearing House (ACH) form.