Holi is the festival of colors and the sweet smell of delicacies. This Holi 2019, you can add more hues of colors to your business with ZipLoan. A business loan from ZipLoan can help your business in its expansion and growth. With a loan for business from ZipLoan this Holi 2019, you can increase inventory, invest more capital in the business, or expand the business to a new place.

ZipLoan is an RBI registered NBFC that caters to the loan needs of the SMEs and MSMEs in India. It offers business loans ranging from INR 1-5 lakhs. The technology-enabled platform of ZipLoan has enabled it to process a loan in a fast forward way. It also disburses the loan amount within 3 days after approval. Let’s read about some features of business loans offered by ZipLoan.

Collateral-Free

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also read: how to get an instant loan for business?

ZipLoan offers small business loans without collateral. The small business owners often cannot provide security for the loan and therefore, they face difficulty in availing a loan for the business. So, to help them in getting access to additional funds in a hassle-free manner, ZipLoan offers business loans without security.

This Holi 2019, small business owners can avail a business loan without collateral and expand his business.

Eligibility

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also read: how to check business loan eligibility in 30 seconds?

Every loan lender in India has a set of eligibility criteria for the borrowers. Here, they require the borrower to meet certain parameters set by them in order to be able to get his loan application approved. Some lenders have stringent eligibility criteria that most business owners are not able to meet. And therefore, they face rejection.

instant business loan

ZipLoan offers loans for business at basic eligibility criteria. The eligibility criteria include:

  • Minimum Turnover of INR 10 Lacs in the last 12 months.
  • Last year ITR of more than INR 2.5 Lacs.
  • Either house or business premises should be owned.
  • Business place should be separate from the residence.
  • Business vintage (operations) for at least 2 years.

Minimal Documents

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also read: the a-z guide to all documents for business loan

Document is an important requirement for every lender. They serve as a proof of the eligibility of the business owner. However, as opposed to many business loan providers in India who require a long list of documents, ZipLoan requires a minimal business loan documents. The list of documents required by ZipLoan include:

  • PAN card
  • Last 12-months bank statement
  • Last 2-3 year ITR
  • Business place address proof
  • Residence address proof

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