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 documentsYou need to provide the following business loan eligibility documents to avail of an instant business loan.
|Pvt. Ltd. / LLP / One Person Company
|Bank statement (12 months)
|Business registration proof
|ITR of the previous two years
Business loan interest rates in Lucknow
We offer the lowest business loan interest rates in lucknow.
Note - We don't provide a startup business loan in Lucknow.
|Customized Interest Rates
|up to 36 months
|Nil** after paying the first 6 EMIs
|Annual turnover more than Rs.10 lakh
|₹ 1 Lakh – ₹ 7.5 Lakh
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)
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
is of the best business loan companies in Lucknow that provides a quick business loan for women in Lucknow at competitive interest rates. Note:- We don't provide a loan for new business in
Business loan in other cities