Business Loan in Lucknow
Small and medium-sized businesses can apply for small business loans in Lucknow at the lowest business loan interest rates. The requirements for business loan eligibility are simple and require minimal paperwork.
ZipLoan is the Lender of Choice for Small Businesses.
Minimal Documentation
No balance sheet needed
No Prepayment Charges
After first 6 EMIs
Receive Funds Within 3 Days*
Straight into your account
Features and Benefits - Small Business Loan in Lucknow
- MSME Finance up to Rs 7.5 lakh – We offer small business loans for MSME ranging from Rs. 1 to 7.5
- Loan in 3 Days* - Once we receive your documents for a business loan, we disburse the funds within three days*.
- Apply online - We have made the entire business loan application process easy and convenient.
- Best interest rates - Using an automated process and no manual intervention, we are able to offer fair business loan interest rates. Your business's repayment ability determines the interest rate.
- Flexible repayment tenure - We offer repayment tenures ranging from 12 to 36 months. Hence, you will have sufficient time to repay the loan.
- No prepayment charges - MSME loan at no prepayment charges after six EMIs (excluding pre-EMI).
In addition to its rich cultural heritage, Lucknow has earned the title 'City of Nawab'. The city has a touch of royal splendour that once upon a time was unlimited, with its traditional cuisine, fine arts, and courteous people.
Funding for operational and capital purposes is a crucial need for business people who wish to participate in these industries. Ziploan is a reputed business loan provider in Lucknow that can provide you with a quick business loan in Lucknow if you are in need. Business loans of up to Rs. 7.5 lakh are available at low rates, with minimal documentation, flexible tenor, and many other benefits.
Business loan eligibility criteria
Our business loan eligibility criteria are easy to meet:
- MSME with a business history of over two years.
- Last year's annual turnover should exceed 10 lakh
- No default history.
- Last year's ITR should exceed Rs. 1.5 lakhs.
- Ownership of either a home or a business is essential.
Business loan documents
You need to provide the following business loan eligibility documents to avail of an instant business loan.| Proprietorship | Partnership | Pvt. Ltd. / LLP / One Person Company | |
|---|---|---|---|
| Bank statement (12 months) | ✓ | ✓ | ✓ |
| Business registration proof | ✓ | ✓ | ✓ |
| PAN Card | ✓ | ✓ | ✓ |
| Aadhar Card | ✓ | ✓ | ✓ |
| ITR of the previous two years | ✓ | ✓ | ✓ |
Business loan interest rates in Lucknow
We offer the lowest business loan interest rates in lucknow.| Customized Interest Rates | Yes |
| Loan Tenure | up to 36 months |
| Pre-closure charges | Nil** after paying the first 6 EMIs |
| Eligibility Criteria | Annual turnover more than Rs.10 lakh |
| Loan Amount | ₹ 1 Lakh – ₹ 7.5 Lakh |
Note - We don't provide a startup business loan in Lucknow.
Business Loans EMI
Equated Monthly Instalments (EMIs) let you pay off a loan in affordable monthly payments. Ziploan one of the reputed business loan lenders in Lucknow offers you a convenient EMI repayment option. You can repay the loan amount between 12 and 36 months.
You can calculate your EMI using our business loan EMI calculator.
How to Calculate Business Loan EMI?
Here is the formula to calculate business loan EMI.
EMI = P × r × (1 + r) n/ ((1 + r) n – 1)
Above:
P: Loan amount, r: interest rate, n: tenure in number of months
How to Apply for Business Loan in Lucknow
To apply for a business loan online from ZipLoan, follow these three steps:
- Submit Application - Complete our online application to receive a business loan offer.
- Upload Documents - Verify your documents in one step by uploading digital copies.
- Get Sanctioned - Your business loan will be approved within 3 days* and disbursed.
How to apply for a business line of credit loan?
Getting a line of credit for your business is pretty easy with Ziploan. Simply download our small business loan app and:
- Sign up with your registered mobile number
- Fill in your basic details to check your loan eligibility
- Get a real-time conditional offer basis on your PAN & Aadhaar Card
- Upload a few documents – Address proof, bank statement & ITR
- Now track your loan application status on an app for approval
- The loan application is approved and money is transferred directly to your bank account
Types of Business Loan Available in Lucknow
Here are the types of small business loan schemes that are available to you:
- Short-term loan: Finance for specific business areas on a short-term basis or for employee salaries or purchasing assets for the business. An owner of a business takes out a term loan to borrow a specific amount of money and repay it with interest over time.
- Business credit line: A specific amount of money is available to the business owner at any time. Similar to a credit card, revolving credit provides a credit that resets once the amount withdrawn is paid in full.
- Equipment financing: To purchase business equipment, or to purchase machinery, a business owner will need funds.
- Invoice financing: Business owners borrow money against customer invoices. A short-term requirement, it helps businesses manage cash flow, pays employees and suppliers, and boosts growth.
- Line of credit - You can also get an instant line of credit up to Rs 3 Lakhs with a 2%* interest rate (per month) for your immediate business requirements
Note:- We don't provide a loan for new business in Lucknow.
Business loan in other cities
Frequently Asked Questions
-
How to get a business loan in Lucknow?
ZipLoan is one of the best NBFC in Lucknow for business loan that offers loan within 3 days*.
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How do I calculate the EMI for the business loan?
It is easy to calculate EMI on our website by using our online calculator. You need to enter the principal loan amount, tenure of the loan in months and the rate of interest
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Who can get a business loan from ZipLoan?
Businesses with more than 2 years of vintage qualify for a business loan. Besides, their previous year's turnover should be more than Rs. 5 lakh and they must have filed an ITR of more than Rs. 1.5 lakh in the last year.
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What documents required to get a business loan from ZipLoan?
The documents required for a business loan from ZipLoan are PAN card, Last 12 months Bank Statement, Last 1 year’s ITR, Address proof, Aadhar card, etc.
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How can I get a loan for small business in Lucknow?
To avail of a small business loan, the business owner can visit our website and fill the loan application form online. Our business loan agent in Lucknow will help with further assistance.
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What is the eligibility for a business loan?
Our business loan eligibility criteria are easy to meet: 1) Business should be more than two years old. 2) Last year turnover should exceeds 10 lakh. 3) No default history. 4) Taxes filed over the last year should exceed Rs. 1.5 lakhs. 5) Ownership of either a home or a business is essential.
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What is the minimum amount for a business loan?
You can avail of a small business loan of up to Rs. 7.5 lakh from Ziploan within 3 days*.
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