- Loan Against PropertyLoan Against Property
- Home Loans
- Loan Against SecuritiesLoan Against Securities
- More Loans
- Insurance Solutions
- Value Added ServicesValue Added Services
Traders are a vital link between the manufacturers of goods/commodities and the consumers. SMFG India Credit’s business loan for traders aims to provide hassle free finance to traders and to meet business and financial needs at competitive interest rates. Any individual or a firm (partnership or proprietorship) engaged primarily in buying and selling of goods is eligible for this scheme. We offer customised solutions for wholesalers, traders and retailers.
With SMFG India Credit Business Loan for Traders, you can meet your daily business needs such as purchase of goods and services, working capital, furnishing, renovating existing business premises, purchase of new equipment etc.
Features And Benefits
Unsecured Financial assistance up to 75 Lakhs*
Get financial assistance to start a new business venture or boost existing operations.
Preferential Interest Rates
Business loans for traders are available at an extra special rate of interest!
Apply online
From loan application to approval, you can initiate the process online.
Insurance
We provide insurance cover for your loan
No collateral*
Business loans for traders are available without any collateral*.
Flexible repayment options
Choose a convenient repayment timeline between 12 and 48 months.
*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.
Knowledge Center
View All
Udyam Registration Certificate - How to get it Online?
Today, the Indian government classifies any micro, small, or medium enterprise (MSMEs) as 'Udyam…
What Is An E Mandate - How Does It Work?
An e-mandate, short for "electronic mandate," is a digital authorization…
What is the Impact of MSME on the Indian Economy
The impact of MSME on the Indian economy cannot be emphasized enough. Today’s youth need not…
MSME Registration in India: Procedure, Documents & Benefits
Whether you're a new entrepreneur or an existing business owner, an MSME registration online…
