Business Loan Lucknow

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All About Business Loan Lucknow

What is a Business Loan?

The loan which helps a businessman, entrepreneur, and professionals to start, enlarge and make their business better in every way possible.

The business loan can be secured by the collateral of property, finished goods etc or sometimes without all these.

But the unsecured loans are expensive.

How Business Loans can be Helpful?

The loan provides the business the required capital.

It can help the business in buying the required commodities for its growth.

The business loans can cover up the monetary needs of several tasks like enlarging the capacity of the business, modernization, technology up-gradation, research, and development or any other short-term requirements.

Eligibility Criteria for Business Loan Lucknow

The Following criteria must be fulfilled by the applicant for the approval of the loan

ELIGIBILITY CRITERIA

Age Limit

 21 to 65 years

Annual Turn-over Of the business

Rs 20 Lac

Minimum Duration of the Business

At least 3 years (a positive trend in business)

Employment Type

Self-Employment

Business profit

Profit for 2 years in the business

Required Documents for Business Loan Lucknow

Documents required for the approval of the business loans are as follows

REQUIRED DOCUMENTS

PAN Card

For company/firm/individual

Proof of Identity

Any KYC

Proof of Address

Adhaar Card/ Passport/ Voter ID Card/ Driving Licence

Bank Statement

Last 6 months

Proof of continuation

ITR/ Trade License/ Establishments/ Sales tax Certificate

Income Proof

Latest ITR, Along with computation of income, Balance Sheet And profit and loss for the last two years.

Accreditation

All the financials should be certified/Audited by the CA.

Other Mandatory Documents

Sole property Declaration/certified copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by the Director) & Board Resolution (original)

Rate of Interest for Business Loan Lucknow

The minimum known rate of Interest for all of the business loans is 14.5% p.a.

Tenure for Payment

Business Loan Lucknow

The tenure for the payment given to the businessman for this loan is from 12 to 48 months.

Loan Amount

The bank approves the loans of cost Rs 1 lac. to Rs. 50 Lac.

Banks and NBFCs

The following banks approve the above-mentioned business loan:

  1. HDFC Bank
  2. Bank Of Baroda
  3. AXIS Bank
  4. Canara Bank
  5. Central Bank Of India
  6. Citi Union Bank

How to Apply for Business Loan Lucknow?

  1. Apply online on www.dialabank.com
  2. Check the eligibility
  3. Call the helpline number 600-11-600
  4. Visit the bank
  5. Submit all the documents
  6. Get the loan

About Lucknow

Lucknow, “city of nawab” “capital and largest city of Uttar Pradesh”, has a population of 28,15,601. The city 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 enlarging or establishing new businesses.

The banks here play an important role by providing business loans to the desired and deserving people to establish or enlarge businesses.

Business Loan in Local Area

The Local branches of banks and NBFCs are willing to lend the loans for the businesses

LOCAL AREA OF LUCKNOW

Madiyanva

Jankipuram

Sector D

Madiyaon

Adil Nagri

Chandanapur

Takrohi

Sector 11

Kamta

Matiyari

Chinhat

Viraj Khand

Vineet Khand

Khargapur

Sector 6

Arjunganj

Vidya nagar

Nilmatha

ELDECO 2

Himalyan City

Aurangabad jagir

Chillawan

Sarojni Nagar Housing Society

Trimurti Nagar

Gauri Bazar

Nadarganj

Sindhunagar

Manas nagar

Maharajapuram

Ashutoshnagar

Surya Nagar

Alamnagar

Baraura Hussain Bari

Dubagga

Vasant Kunj

Madiyanva

Murakpur

Aliganj

Sector L

Hazratganj

Nazirabad

Pawanpuri

Ashiana

Bangla Bazar

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