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Business Loan in Lucknow
Lucknow is the capital of Uttar Pradesh and is a growing commercial centre with opportunities in tourism, manufacturing, and food processing. Shriram Finance empowers Lucknow's entrepreneurs with tailored business loan solutions. Securing adequate funding is vital for expansion, upgrades, and smooth operations. Our business loans have competitive rates (starting from 10%* p.a.), and loan amounts tailored to meet specific business needs; used for business expansion, working capital, purchasing equipment, or managing operational expenses. Our loans feature minimal paperwork, quick approval, and flexible repayment options. We offer customised loan solutions which include secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly. Shriram Finance is a trusted partner for Lucknow's growth, with business loans starting from Rs1 lakh*.
Business Loan Types in Lucknow
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs in Lucknow. These include:
Features and Benefits of Business Loans in Lucknow
If you need financial help to expand and grow your business, Shriram Finance is an ideal choice for availing a hassle-free business loan in Lucknow. Benefits include:
Online EMI Calculator
Loans starting from Rs. 1 lakh*
Secured & Unsecured Loans
Quick Loan & Approvals
Flexible Loan Tenure
Hassle-free Online Process
Business Loan Interest Rates and Charges in Lucknow
Interest rates for Shriram Finance business loan in Lucknow start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to the details provided on our website or contact our branch representatives in Lucknow.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 10%* p.a. |
| Processing Fees | Up to 5%* |
| Late Payment Fees | 36%* p.a on the Overdue Amount |
| Foreclosure Charges | Up to 4%* |
How to Use the Business Loan EMI Calculator
STEP 01
Required loan amount
STEP 02
Interest rate
Min 10%
Max 30%
STEP 03
Min 12 months
Max 84 months
Loan Summary
Loan
Loan Amount
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Lucknow
Eligibility and Documentation Criteria for Business Loans in Lucknow
Eligible Applicants:- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
- Sole Proprietorships
- Partnership firms
Eligibility Requirements:- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
Required Documents:- Business PAN card
- Recent photograph
- Applicant's PAN card
- Six-month bank statement
- Proof of business registration
Step-by-Step Application Process for Business Loans in Lucknow
Applying for a Shriram Business Loan in Lucknow is a simple 5-step process:
Step 1
Register using your mobile numberStep 2
Enter loan detailsStep 3
Enter business detailsStep 4
Receive a verification call from usStep 5
Get your loan disbursed
Unsecured Business Loans in Lucknow
With our unsecured business loan that doesn't require collateral, Shriram Finance offers young and expanding businesses in Lucknow the perfect answer. You can obtain funding for your business without pledging any assets. An unsecured business loan from Shriram Finance starts at Rs. 1 lakh*. Unsecured business loans come with flexible payback terms and competitive interest rates with Shriram Finance. We offer a simple and hassle-free online application process for business loans. These loans are beneficial due to their superior credit conditions, quicker and simpler approval process, and not having rigid collateral requirements. Your business must have been in operation for at least 3 years and you must submit the necessary paperwork in order to be eligible for an unsecured business loan from Shriram Finance. Business owners can apply for an unsecured business loan if they meet the requirements.
Our Business Loan Branches in Lucknow
Shriram Finance has branches across Lucknow, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Lucknow
For any inquiries or assistance regarding a business loan in Lucknow, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loan Status in Lucknow
To check the status of your business loan application in Lucknow, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Lucknow?
Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs are eligible to apply for a business loan. The applicant should be between 21 years to 65 years old (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience are also eligible.
What is the interest rate on a business loan in Lucknow?
The interest rate for Shriram Business Loan starts from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to their interest rate and charges section above.
How much loan can I get for my business in Lucknow?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your business's needs and eligibility.
Can I apply for a business loan in Lucknow?
Yes, you can apply for a business loan in Lucknow. Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Lucknow?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Lucknow?
The loan approval time is approximately 2- 3 business days. This is dependent on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.
What is the eligibility for a startup business loan in Lucknow?
For a startup business loan in Lucknow from Shriram Finance, the eligibility criteria are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Lucknow?
The minimum interest rate starts from 10%* p.a.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.