Business Loan Lucknow
Historically one of the most important cities in India, Lucknow is home to a diverse group of people. The entrepreneurial population of Lucknow has given rise to several industries, including textiles and IT, among others.
Getting a Business Loan in Lucknow is one of the easiest ways to set up a business as well as expand an existing business.
Types of Business Loans
There are several types of Business Loans that one can avail in Lucknow, only through Bajaj Markets.
You can apply for a Start-up Business Loan, which acts as a Small Business Loan in Lucknow and empowers you to implement your new business idea and create products and services around it.
A Business Loan for women enables women entrepreneurs to avail an unsecured Business Loan in Lucknow and finance their entrepreneurial aspirations.
A Working Capital Loan can be availed by self-employed individuals who require funds to finance the daily needs of their business.
An MSME Business Loan is available for fulfilling the needs of micro, small and medium (MSME) businesses which may need to expand operations, modernise equipment, etc.
An Equipment Machinery Loan can be availed from a Business Loan provider in Lucknow, who can help the business purchase new equipment or upgrade their existing machinery.
Features & Benefits of Business Loan
Availing a Business Loan in Lucknow through Bajaj Markets can help you attain several benefits, which will make the process much simpler and convenient.
Upto Rs. 50 Lakhs can be availed as an unsecured Business Loan in Lucknow to help set up or expand your operations, including for hiring personnel, upgrading equipment, etc.
Available on Bajaj Markets, a Business Loan provider in Lucknow can offer you a repayment tenure ranging from 6 to 60 months.
Eligibility for Business Loan
Before you begin filling out your Business Loan application, it is important to assess your eligibility for it. Read on to learn the criteria for availing a Business Loan in Lucknow.
The applicant for a Small Business Loan in Lucknow must be a self-employed individual or business units, such as a private limited company or a partnership
You must be aged between 25-65 years.
For an applicant, 3 years of experience with the current business and 5 years’ of overall business experience is a prerequisite.
The minimum annual income (ITR) from the business must be Rs. 1.5 Lakhs per annum.
Documents for Business Loan
Once you have assessed the Business Loan eligibility, it is important to keep some documents handy with you while applying for the unsecured Business Loan in Lucknow.
PAN Card
Proof of identity, such as Aadhaar card, passport, etc.
Proof of residence, such as voter’s ID, driving license, etc.
Bank statements from the last 6 months.
ITR form, and certified copies for income computation, balance sheet, and profit and loss statement for the previous 2 years.
Authenticated copy of Partnership Deed or Sole Proprietorship Declaration.
Certified copy of Memorandum and Articles of Association.
How to Apply for Business Loan
Applying for a Small Business Loan Lucknow through Bajaj Markets is really simple. Read on below to learn how.
Fill in your personal and financial details on the online form.
Select the Business Loan provider in Lucknow as per your choice.
Choose the loan amount you need and the repayment tenure you are comfortable with.
Submit the filled-out form with the documents made available to you.
So, don’t wait. Apply for a Business Loan today.
