ZipLoan Business Loan

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.

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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• Quick Loan Disbursement: The business loan disbursement process is quick and simple to understand. Usually, the loan is disbursed within 3 working days
• Apply Online: ZipLoan business loan can be applied online via official website and mobile app. The application can be filled and submitted on ZipLoan’s official website and all the necessary documents can be uploaded online
• Nil Prepayment penalty: Upon partial or full pre-payment of the business loan, no prepayment/part-payment penalty is charged. Usually, businesses that start generating sufficient profit want to pre-pay the loan amount to reduce the burden of interest. There is no penalty charged by ZipLoan for early payment
• ZipScore: ZipLoan understands that businesses at times need capital urgently; therefore it does not look at the CIBIL score only. A separate holistic credit rating process called ‘ZipScore’ helps in determining the creditworthiness of the borrower
• Low processing fee: Acquiring a business loan is topped up with hefty processing fees but at ZipLoan the processing fee charged for business loans is only 3% of the loan amount
• No Collateral: ZipLoan provides collateral-free loans to businesses with a turnover of more than Rs. 10 lakh

Also Read: Loan for Business Without Security in India

• Business Loan
• SME Loan
• MSME Loan
• Machinery Loan
• Working Capital Loan
• Instant Business Loan Online
• Business Loan for Women Entrepreneurs
• Emergency Credit Line Guarantee Scheme (ECLGS)
• Business Loans under CGTMSE scheme

Also Read: What are the requirements to qualify for a working capital loan?

• Address Proof
• Aadhar Card
• PAN Card
• Last 12 months’ bank statement
• Last 1 year’s ITR

Ziploan Business Loan Customer Care Number

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

Q1. Where is ZipLoan located?

ZipLoan can be located in India at Delhi/NCR, Mumbai, Indore, Bhopal, Jaipur, Lucknow, Navi Mumbai, Barabanki, Dehradun, Haridwar, Rishikesh, Roorkee and Saharanpur.

Q2. Loans can be availed for what purposes?

Loans can be availed for business purposes only. One can avail the benefit of loan from ZipLoan for the following purposes:

• Business Expansion
• Cash-Flow Deficit
• Working Capital Needs
• Inventory Management Needs
• Purchase of Equipment

Q3. What is the rate of interest charged by ZipLoan?

The accurate interest rate is decided after the credit analysis. Generally, the flat rate charged ranges from 1-1.5% per month (flat).

Q4. What is the maximum loan amount that can be availed?

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

Q5. What is the loan amount offered by Ziploan under PSB loans in 59 minutes?

The loan amount offered by Ziploan under PSB Loans in 59 minutes is minimum Rs. 1 lakh and maximum up to Rs. 1 crore.

Q6. 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.

Q7. How much time does it take to pass and disburse loan?

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

Q8. 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.