Business Loan Lucknow

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No Collateral Required
Loans Up to 1 Crore
Hassle-free Disbursal
Doorstep Service
Unbiased Experts Advice

Best Banks for Business Loan in Lucknow

Feature
HDFC Bank
ICICI Bank
Bajaj Finance
Interest Rate
10.75% - 17%
11.25% - 18.5%
12%
Min Loan Amt
Metro : 75000 & Non Metro: 50000
50000
100000
Max Loan Amt
50 Lacs
50 Lacs
1 Cr
Loan Tenure
1 - 5 Years
1 - 5 Years
1 - 5 Years
Processing Fee
0.25% - 2% of the Loan Amt

1% - 2.5% of the Loan Amt

0.5% - 2% of the Loan Amt
Preclosure Charges
2%, Nil foreclosure charges after 12 months
2%, Nil foreclosure charges after 24 months
Nil
Overdraft Facility
No
No
Yes

Business Loan in Lucknow Features

business loan lucknow

  • Business Loan Lucknow provides an overdraft facility without any security
  • Avail maximum loan amount up to Rs. 40 lakhs (up to Rs. 50 lakhs in some locations) without any security
  • Reasonable Interest Rate starts at 10.45% per annum
  • Loan Tenure ranging from 12 – 48 months
  • No foreclosure/ part closure shall be allowed during the first 6 months of the limit setting
  • No guarantor is required
  • Check out your Business Loan eligibility online or at any bank branch within 60 seconds.
  • Loan disbursal depends on the previous refund of home loans, auto loans, and credit cards.

Business Loan in Lucknow Interest Rates

Bank
Processing Fee
Prepayment Charges
HDFC Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 3 months
Axis Bank Personal Loan
0.50% to 1.50%
Nil
ICICI Bank Personal Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 9 months
SBI Personal Loan
500/- to 0.50%
Nil
Kotak Personal Loan
1% to 2%
2.25% of fore closure amount if closed 1 month ahead of the tenure.
IIFL Personal Loan
Nil
Nil
Muthoot Personal Loan
Nil
Nil
Manappauram Personal Loan
Nil
Nil
PNB Personal Loan
0.70% to 1%
Nil
Canara Bank Personal Loan
1%
Nil
Andhra Bank Personal Loan
Nil
Nil

To check Personal Loan Interest Rate for all major banks you can visit: Personal Loan Interest Rates

Business Loan in Lucknow Documents Required

Salaried Applicants:

  1. PAN Card of the candidate for getting a Business Loan.
  2. Residence Proof required (Owned/Rented/Company provided) for loans.
  3. Two Passport-sized photographs
  4. Identity proof required for the Business Loan Lucknow (Aadhar card/driving license/Voter Id)
  5. Salary slips of the last three months of the candidate are required.
  6. Bank statements for the last 6 months of the person applying for a Business Loan.

*NOTE: In case of rented accommodations, the rental agreement must be attached.

Self-Employed Applicants:

  1. Aadhar Card is needed to avail of the loan.
  2. Residence Proof(Current and Permanent) is required for applying.
  3. Two passport-sized photographs of the applicant applying for a loan.
  4. All financials are required of the applicant(Balance Sheet, P&L Statement as well as ITR files).
  5. PAN Card is mandatory

Business Loan in Lucknow Eligibility Criteria

Salaried Applicants

  1. The job location of the candidate should also be mentioned.
  2.  A borrower should have a minimum earning of INR 25,000/month
  3. The minimum age of the applicant should be 21 years and a maximum of 65 years.
  4. Work experience of the three years and the income must be received in their bank accounts only.
  5. Applicants should have an excellent credit history.

Self-Employed Applicants

  1. The credit score of the individual applicants should be good and there must not be any debt or dues left of the individual.
  2. The yearly income of the candidates should be a minimum of Rs 2.5 lakh.
  3. The whole documentation process of the business loan is that the applicants have to present their financial and bank statements for the previous three months.
  4. The minimum age for an independent person must be 25 years.
  5. The applicants applying for the business loan should need to have a file of ITR for the last three years.
  6. For the businessmen, the business should be functioning from the past three years constantly.

How to apply for Business Loan in Lucknow?

  1. Visit our website www.dialabank.com
  2. Go to the loan section on the page and click on the business loan link.
  3. The candidate will be directed to all the details of the business loan where they can choose their preferred city, according to their needs.
  4. For more information on business loans and free assistance, you may call on 9878981166.

Processing Fees / Prepayment Charges on Business Loan in Lucknow

Every Bank and NBFC charges a fee for processing your application for Business Loan. Business Loan Lucknow charges a processing fee of up to 2.50% of the loan amount.

If you close your loan before the agreed loan tenure in the documents, every lending foundation charges you a penal prepayment fee for the loan duration agreed earlier. In most cases, you cannot close the loan before the period of 12 months from the date of availing the loan. After that, the charges depend on how many years the loan has done.

The prepayment charges on Business Loan in Lucknow are:

  • 07-24 Months – 4% of Principal Outstanding
  • 25-36 Months – 3% of Principal Outstanding
  • For more than 36 months, the charges up to 2% of Principal Outstanding

Business Loan EMI Calculator Lucknow

CIBIL Score required for Business Loan Lucknow

Every lending institution has its criteria for the minimum CIBIL score required for processing the Business Loan application in Lucknow. Most foundations require a minimum score of CIBIL of 750 to process your Business Loan Lucknow application.

Apart from the CIBIL score, the foundations look for the detailed behavior on the previous loans that you have taken. This includes the type of loan taken and the loan amount borrowed. Any late payments for previous loans can create a barricade to your availing of a new loan.

Business Loan Lucknow Agents/Broker

Dialabank is the best agent for availing Business Loan in Lucknow.

You can easily apply online for a Business Loan at Dialabank or contact at 9878981166

Business Loan Lucknow Contact Number

Call 9878981166 and get instant help and approval for availing Business Loan Lucknow.

Pre-Calculated EMI Table for Business Loan Lucknow

Rate
5 Yrs
4 Yrs
3 Yrs
10.50%
2149
2560
3250
11.00%
2174
2584
3273
11.50%
2199
2608
3297
12.00%
2224
2633
3321
12.50%
2249
2658
3345
13.00%
2275
2682
3369
13.50%
2300
2707
3393
14.00%
2326
2732
3417
14.50%
2352
2757
3442
15.00%
2378
2783
3466

About Lucknow

Lucknow is the city of the nawab and the capital and largest city of Uttar Pradesh. It has automotive, machine tools, chemicals, and chicken embroidery industries and businesses. The market is never-ending and the residents are willing to compete for the big industries by establishing new businesses.

Major Localities in Lucknow for availing Business Loan 

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