Thinking of taking a loan, Ziploan gives you unsecured business loan to fulfill your daily basic needs. To take a business loan from Ziploan, you need minimal documents and its process is hassle free. Its offers different types of loan like construction loan, term loan and business loan for traders without any security. The loan can be avail from 1 lac to 5 lacs with attractive rate if interest. You can opt MSME loans and SME loans to increase your working capital.
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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
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- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
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- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
ZipLoan Business Loan Interest Rates
ZipLoan Business Loan Eligibility Criteria
- The applicant minimum age is 23 years and maximum age is 60 years at the time of loan maturity.
- The borrower must have a good cibil score to avail business loan. A cibil score of minimum 650 is daid to be satisfactory.
- The business must have a minimum turnover of Rs.10 Lacs in the last 12 months to get a loan for business.
- The business must have the filled the 2 years ITR of more than Rs. 2.5 Lacs.
- To get small business loan, the business have different business premise then the house premise.
- For quick business loans, the business must be in operation since last 2 years at least.
ZipLoan Business Loan EMI Calculator
ZipLoan Business Loan Types
Machinery Loan – As we know that machinery is the main asset for increasing the business. This loan helps for the various purpose like high production, improves the quality of the products, enhanced profit, fast turn around time, lower setting up times, remains profitable and competitive.
Working Capital Loan – A working capital loan is a loan that is taken for carrying out the everyday tasks of the company. Ziploan business loan provides unsecured working capital loan to SMEs and MSMEs.
Flexi Loan – Flexi loan is the loan where you can get access to the approved loan limit based on your credit rating.
Term Loan – A term loan is a loan from a bank for a specific amount with a specified repayment schedule and a fixed or floating interest rate.
ZipLoan Business Loan Documents Required
KYC Documents:-
- Pan Card ( Individual, Partnership firm and company)
- Colored passport size photograph of borrower and co-applicant.
- Identity Proof ( Pan card, Passport, Voters Id, Driving License, Aadhar Card.
- Address Proof ( Aadhar Card, Driving License, Voter Id, Utility Bills, Registered rental agreement, Passport Copy)
Financial Documents
- 2 year ITR (Income Tax Return) only fist page.
- Ownership proof
- 12 months bank statement either saving account or current account.
- Partnership Deed and Partnership authority letter for Partnership firms.
- Business Continuity Proof – Anyone document dated 1 year old ( Bank Statement / Sales Tax Challans / GST / Gumasta License / Trade License / IT Returns / Shops & Est.Certificate / Certificate of Incorporation.
- Mandatory documents for Sole Prop. Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Article of Association (Certified by director) & Board resolution (Original)
ZipLoan Business Loan Features
- This loan does not depend on your cibil score. It has developed its own composite credit rating process called “ZipScore”
- You can apply the business loan through its website or app or you can submit PDFs of business loan documents online.
- Business loan interest rate are the best in the market. It charge only 3% of the business loan amount as a processing fee.
- After successful payment of 3 EMIs there will be no charge for prepayment of business loans.
- You can also club all bank statements so that you can get maximum loan amount.
- It do not require a long list of documents that make the loan process hassle free for the small business owner.
- It offers various business loan products like machinery loan, working capital loan, Flexi loan, Term Loan and capital loan. You can avail business loan according to your needs.