FAQs

1. How Ziploan can help me in meeting my financial requirement?

We help businesses and individuals in getting short-term collateral free loans in a simple and efficient manner. You are a proud owner of a business & you need finances to invest in growth, cover expenses, meet daily cash flow requirements or pay your suppliers then ZipLoan is your one stop shop to fulfil all your financial needs.

2. How do I qualify for loan assessment?

  • Minimum Age (25 years)
  • Maximum Age (55 years)
  • Existing place of business
  • Current Business Exp. (Min. 2 years)
  • Minimum Bank Credit of INR 10 lacs in last 12 months
  • Either of Business Place or Residence Place to be owned in family

3. How much I can avail & for how long?

If you are sole proprietorship firms, partnership firm or a private limited company you can avail loan amount ranging from INR 1,00,000 to INR 5,00,000 for a period starting from 12 months to 24 months.

4. How much interest I have to pay?

We will offer you best available rates as compared to our competitors and will depend on our credit assessment.

5. How much time does it take for the disbursement of the loan?

The processing of the loans usually takes 3 working days after all the documents are submitted.

6. How can I apply for a loan?

Simple! Click Apply for Loan here to fill the online Loan Application form or apply using ZipLoan Android App. Key in some basic personal & business information to check your soft loan offer instantly. You need to submit only following documents to know your final loan offer:

  • Last 2-3 years ITR
  • Bank statement (latest 12 months)

7. What other documents would I need during my loan application process?

  • PAN card photocopy
  • Address proof (passport, voter card, aadhar card, electricity bill, telephone bill)
  • Business Address Proof (Electricity Bill, Telephone Bill)
For Corporate:
  • All above documents
  • Balance Sheet
  • Board Resolution
  • Certificate of Incorporation

8. How will I know the status of my loan application?

Post completion of our credit assessment you can check the status of your loan application by logging in your ZipLoan account with your registered mobile no/email id. We will also send your LOAN APPLICATION status by EMAIL/SMS.

9. How do I pay monthly repayment of my loan?

You can repay through monthly ACH facility for which we have a tie up with our banker. No need to sign multiple cheques for the entire tenure of your loan.

10. How can I make part pre-payment?

You can make a part pre-payment of your outstanding anytime during your tenure of the loan with no pre-payment penalty.

11. How can I close my loan?

You have the option to close your loan anytime during your tenure with no foreclosure penalty.

Still have queries reach us on support@ziploan.in or call 90-1561-1561. We will answer all your queries.