ZipLoan is a growing company that provides business loans for startups, expanding businesses, covering day-to-day expenses, or purchasing new machinery. They offer loans with interest rates ranging from 1% to 1.5% per month. The maximum loan amount available is up to Rs. 7.5 lakh, with repayment options spanning up to 36 months.
| Table of Contents | ||
|---|---|---|
| ZipLoan Business Loan Interest Rate | ||
| Eligibility Criteria | ||
| Documents Required for Loan Application | ||
| FAQs | ||
| 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 |
Also read: Best Business Loan Interest Rate
Also read: Best Business Loan Eligibility
Also Read : Best Business Loan Documents Required
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.