Every small business is unique and the limited parameters used by traditional lending institutions cannot capture the peculiarities
of such businesses. To address this, ZipLoan has developed a proprietary scorecard “ZipScore” to underwrite each
business segment separately.
How ZipScore is unique than Credit Score
- ZipScore is multi dimensional since it takes into account banking behaviour, business transactions,
financial data, web & social data other than loan repayment track record.
- There is a ZipScore for each business segment as ZipScore treats a manufacturer very differently
from a trader.
- Multi-dimensional- Credit is uni-dimensional as it only looks at loan repayment track record.
- Unique- Across the 60 MN MSMEs, there are close to 1000 different type of businesses. Credit underwrites
all of these businesses on same scale