Pre-requisites Of Obtaining A Business Loan
What is a business loan? As the name suggests, a business loan is an instrument of credit given to businesses exclusively. Business loans are given to enterprises that have been in business for at least two year. Business loans are the lifeline for Medium, Small and Micro Enterprises (MSMEs). Why do MSMEs need business loans? One of the characteristics of MSMEs is that they are starved for cash. Businesses need money for a lot of things, such as paying salaries, upgrading equipment, taking on special projects, etc. Big companies raise a large chunk of their capital through the issue of
Read moreWays To Improve Your CIBIL Score
A good CIBIL score is paramount, as the possibility of your loan application getting approved rests upon it. Generally, a CIBIL score ranging between 750 to 900 is considered good by the financial institution. A CIBIL score below the limit of 550 is bad and banks avoid lending out to persons having such a score as it denotes bad credit history in the past. However, in case you have a low or a risky CIBIL score you can still get your application approved by increasing your CIBIL Score to a healthy position. The following ways will help you significantly improve
Read moreDifferent Types Of Business Loans In India
Thanks to the numerous banks and other financial institutions in India such as Ziploan that offer easy and convenience business loans, there has been an exponential rise in the number of start-ups and small enterprises thriving in the market today. Taking a business loan is the easiest and most reliable way to not only manage your day-to- day operational expenses and cash-flow but also to grow and expand your business to greater heights. But before you go ahead and opt any loan for your business, have a look at the various types of business credit that are available for both
Read moreWhat is Unsecured Business Loan?
With the expansion of formal sources of credit, taking loans have become much easier and convenient. But the problem that remains with borrowing from banks is the requirement of a collateral. Collateral is something that is pledged as security, to be forfeited in the event of a default on loan repayment. As we all know, further investment in working capital is the foremost requirement for growth of a business. Businesses need quick access to finance to meet their working capital requirements at varied times depending on the sector/industry in which they operate. However lack of a collateral to be offered
Read moreGet Unsecured Business Loan from ZipLoan
Are you looking for a simpler way to avail loan for your Business ? Here is ZipLoan to your immediate rescue. As ZipLoan requires minimal documents and uses technology to process unsecured business loan applications you can get the funds within 3 days of your application. ZipLoan is an NBFC(registered with the Reserve Bank of India) that provides working capital loans of INR 1 – 5 Lac for a period of 1-2 years. Repayment on these loans is through EMIs, which get directly debited from the borrower’s bank account on a fixed date each month. ZipLoan values the relationship with its customers
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