Overview
Uttar Pradesh is a growing hub for industries and businesses. Most of the population is employed in the textile and sugar refining industry. If you are looking to expand your business in Uttar Pradesh but lack financial capital, avail a Business Loan in Uttar Pradesh with Poonawalla Fincorp. Get a collateral-free Business Loan with minimal documentation at competitive interest rates. Apply now!
Business Loan in Uttar Pradesh EMI Calculator
The Business Loan EMI calculator is a customised handy tool that lets you calculate the EMI amount for a loan. Just enter the total loan amount, interest rate, and loan tenure, and you can calculate your EMI amount instantly.
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EMI Amount = *
Interest Rates and Other Charges
Given below is a detailed overview:
| Types of Fee | Applicable Charges |
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ₹5 Lakh to ₹75 Lakhs |
| Loan Processing Fees | Up to 3% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Prepayment/Foreclosure Charges |
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| Default Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Business Loan in Uttar Pradesh Eligibility Criteria and Required Documents
Business Loan in Uttar Pradesh Eligibility Criteria
Here are the eligibility criteria for Business Loan in Uttar Pradesh:
- Age: Applicant must be between 24 to 65 years.
- Business Vintage: The business must have been operational for at least 2 years.
- Financial Performance: The business must have a minimum annual turnover of ₹6 Lakh.
Note: The above-mentioned Business Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required for a Business Loan in Uttar Pradesh
Here are the necessary documents required:
| Document Category | Business Loan in Uttar Pradesh Documents |
| KYC Documents |
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| Financial Documents | Bank account statement for the last 6 months. |
| Business Address Proof | Utility bills/ Rent agreement. |
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.
Features and Benefits of Business Loan in Uttar Pradesh
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Higher Loan Amount
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Collateral-Free
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Competitive Interest rates
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Minimal Documentation
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Flexible Loan Tenure
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Online Application Process
- Higher Loan Amount: Get up to ₹75 Lakhs.
- Collateral-Free: Avail the loan without pledging any collateral.
- Competitive Interest rates: Get interest starting at 15% p.a.
- Minimal Documentation: Provide business address proof, KYC and financial documents.
- Flexible Loan Tenure: Choose repayment tenure of up to 48 months.
- Online Application Process: Apply online on our official website.
How to Apply for a Business Loan in Uttar Pradesh?
Apply for a Business Loan in Uttar Pradesh in 3 simple steps:
- Step 1: Click on the ‘Apply Now’ button.
- Step 2: Fill in the required details on the loan application form.
- Step 3: Upload necessary documents.
On successful verification, the loan amount will be transferred to your bank account.
Frequently Asked Questions
No, it is not necessary to pledge collateral during a Business Loan application in Uttar Pradesh.
To repay a Business Loan within a tenure of 4 years, you can choose a dated Cheque (PDCs), direct debit, or electronic clearing services (ECS).
To opt for a Business Loan and calculate the EMI amount, use the online EMI calculator. After entering the loan tenure, loan amount, and rate of interest, the calculator will instantly reflect your EMI amount.
*Terms & Conditions Apply
