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Increasing overhead expenses, excessive inventory and cost of raw materials can stress your daily manufacturing operations. SMFG India Credit’s business loan for manufacturers helps you rise against financial burdens by ensuring that your operations continue to run smoothly.
Features And Benefits
Loan up to 75 Lakhs*
Get loans upto 75 Lakhs* through a smooth and transparent process
Quick, hassle-free loan application
SMFG India Credit’s loan application process is very simple and can be initiated online.
Flexible repayment option
Select a flexible repayment tenure upto 48 months*.
No collateral*
Business loans for manufacturers are available without the need for collateral or guarantors*
Minimum documentation
No lengthy paperwork required.
*Terms and Conditions apply
Other Products
FAQs
Is there any age eligibility criterion for me to apply for a Business Loan
You need to be at least 22 years of age to apply for a Business Loan under the 'Self Employed Business Category'. A relaxation of 2 years will be made if you are a non-professional. You cannot exceed 65 years of age at the time of Loan Maturity.
Are there any eligibility criteria that my business entity should meet for me to apply for a loan?
Yes, the annual turnover of your business should be between 10 Lakhs and 100 Crores*. Further, your business needs to be in continuity for the last 3 years showing positive trends in turnover and profit for the last 2 years. Your Income Tax Returns of the last 2 years should reflect taxable income of above 2 Lakhs per annum.
*Should your turnover be above 30 Crores, please refer to the SME Loans section to understand the solutions that are designed for the SME segment.
What is a Business Installment Loan?
Business Installment Loans are the loans, which are used to meet medium term working capital needs.
How can I repay my Business Loan?
You can repay the loan in equal monthly installments (EMIs). The loan can be repaid through post-dated cheques. You can also repay through an ECS mandate to your bank.
* Loans are at the sole discretion of SMFG India Credit and are subject to guidelines of the Reserve Bank of India. SMFG India Credit may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.
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