Update: 09 March 2021 11:39 STI
New Delhi [India], March 9 (ANI / BusinessWire India): MSMEs contribute to a large extent to the nation’s GDP and to help these micro, small and medium enterprises (MSMEs), the Indian government declared a Rs 3 lakh crore Guarantee scheme Emergency Credit Line (ECLGS) for small and medium-sized enterprises under the Aatmanirbhar Bharat Abhiyan package which is valid until March 21, 2021.
In addition, MSMEs who are looking for an MSME loan can also avail it from Ziploan.
Ziploan still believes in encouraging and motivating MSME organizations to move forward and contribute to the nation, and with the help of Ziploan Business Loan, it becomes fast enough and hassle free to boost slow activity. .
Ziploan offers MSME loan up to Rs 7.5 lakh in order to meet the financial needs of business owners. Business owners can qualify for an unsecured MSME loan without any collateral in just 3 days * once they have submitted all the required documents online.
Read on on business loan for SMEs.
Easy application and quick disbursement process
MSME owners who want a business loan can apply online through the Ziploan website or even through the mobile loan app to avoid any delays. All they have to do is:
* Fill out the business loan form with basic details
* Download all relevant documents
* Get business loan approval and loan disbursement within 3 days (Additionally, Ziploan also offers same day approvals as well as disbursements within three days of document submission and verification).
After Ziploan completes the basic eligibility and credit checks, the online business loan is paid directly to the business owner’s bank account, so that they can use it for various purposes, such as in emergency, or for a large project, etc. .
Small business loan up to Rs 7.5 lakh
While seeking business growth or expansion, reorganizing the existing business in some form or another is also an option. For example, investing to expand your customer base, buy new equipment, manage cash flow, etc.
All of these initiatives need funds, and with Ziploan MPME Loan, it is possible to qualify for a business loan of up to 7.5 lakes even without any collateral. These unsecured business loans help businesses meet their various expenses and meet various capital requirements.
Variable duration for easy repayment
To ensure that repayment doesn’t become a burden, Ziploan’s repayment term starts from 12 months to 36 months. And hence, a business owner has plenty of time to repay the MSME loan amount. For financial planning, business owners can also use Ziploan’s business loan EMI calculator and plan for the future. The Ziploan EMI calculator is very easy and simple to use. Simply enter the loan amount, tenure, business loan interest rate, and the business owner will easily know how much EMI to pay.
Additionally, Ziploan offers loans to MSMEs with no prepayment fees after the business owner has paid the first 6 IMEs (excluding pre-EMI).
Easy eligibility and minimal documentation
Ziploan offers business loans on simple, easy-to-follow eligibility terms. According to Ziploan’s business loan eligibility criteria, a business owner can get a business loan if:
* Between 23 and 65 years old
* 2-year company vintage
* Zipscore of at least 750
* ITR for the last 2 years
Business loan eligibility requirements must be met in order to get a small business loan for a business enterprise, which is also quite straightforward.
To qualify for an MSME loan, business owners must submit a very minimal set of documents that include the following:
* Proof of identity
* Proof of address
* Financial documents
* Proof of business ownership
This story is provided by BusinessWire India. ANI will not be responsible for the content of this article in any way. (ANI / BusinessWire India)