Agra, a city nestled along the banks of the Yamuna River, is a captivating blend of historical grandeur and modern vitality. Renowned worldwide for the iconic Taj Mahal, a testament to eternal love, Agra stands as a symbol of India's rich cultural heritage. The city's strategic location and robust infrastructure have attracted businesses, fostering a vibrant entrepreneurial spirit.
Business owners in Agra often seek loans to expand production, enhance services, and tap into the burgeoning tourism industry, driven by the iconic Taj Mahal. Let’s discuss the features, eligibility criteria, documentation requirements, and application process to avail a business loan in Agra hassle-free.
Entrepreneurs in Agra can repay their business loans comfortably over a period of up to 60 months*, aligning with their cash flow and ensuring manageable repayment schedules that suit the city's varied businesses.
Agra's entrepreneurs can access quick and hassle-free financing ranging up to INR 75 lakhs* for their small businesses. Competitive interest rates ensure the city's businesses have a low cost of capital, ultimately enhancing their profitability and sustainability.
Recognizing the significance of timely business opportunities in Agra, small business loans are processed within 72 hours*. This swift approval ensures that entrepreneurs can seize important opportunities without delays, fostering business growth in the city.
Transparent eligibility criteria and minimal paperwork streamline the loan application process for Agra's entrepreneurs. This simplicity reduces the hassle, making the application process smooth and efficient, allowing business owners to focus on their operations.
Business owners in Agra can secure collateral-free business loans without pledging personal or business assets. This approach minimises financial risks, enabling entrepreneurs to focus on growing their businesses without concerns about collateral, promoting a vibrant business ecosystem.
SMFG India Credit provides a 100% paperless online application process, which allows for a hassle-free journey.
SMFG Credit tailors business loans in Agra by assessing applicants' credit scores, business turnovers, and financial backgrounds. Interest rates are customised for individual profiles, ensuring competitiveness and suitability.
|
Particulars |
Rate |
|
Interest Rate |
The lowest and most competitive interest rates will be calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations) |
|
Loan Amount |
Upto INR 75 lakhs* |
|
Loan Tenure |
Upto 60 months* |
|
Lowest EMI Per Month |
Starting from INR 1,341 for 48 months |
|
Cheque Dishonoured Charges |
Rs. 300 to 1000 |
|
Processing Fees |
Up to 5% of the total loan amount + GST |
|
Organization Type |
Proprietorship, Partnership, Private Limited, Closely held or unlisted companies, LLPs, Educational Institutes and Hospitals run by Trusts / Societies. |
|
Late Payment Charges |
Up to 3% per month (36% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment. |
At SMFG India Credit, applying for a business loan requires essential documents for verification, including standard KYC documents (PAN, address proof), bank statements, and pertinent business records. Here is a summary for your convenience:
|
Document Type |
Document |
|
Identity Proof |
For a company, firm, or individual - a valid identity proof and PAN Card |
|
Address Proof |
Passport, Voter ID Card, Ration card, or Driving License |
|
Bank Statements |
Latest Bank Statements for the past 6 months |
|
Income Documents |
Most recent two years' Income Tax Returns (ITR), along with the income computation, balance sheet, and profit and loss account for those same two years, following the necessary certification by a Chartered Accountant. |
|
Proof of Continuation |
ITR/Trade license/Establishment/Sales Tax Certificate |
|
Other Documents |
Sole Proprietorship Declaration or a certified copy of the Partnership Deed if applicable; a certified true copy of the Memorandum and Articles of Association, authenticated by the company director; and the Board resolution. |
To apply for a loan with SMFG India Credit, follow these steps:
Visit the Application Page: Go to SMFG India Credit's Apply Now page on their official website.
Complete the Application: Fill in all the necessary details and upload the required documents.
Provide Personal and Financial Information: Enter your personal and financial information accurately in the application form.
Verification Process: Your application will go through stages of verification, including document validation and address verification.
Personalized Loan Offer: If eligible, you will receive a personalised loan offer specifying the approved loan amount and applicable interest rate.
Loan Disbursement: Upon approval, the loan amount will be directly disbursed to your designated bank account.
SMFG India Credit simplifies the loan application process for businesses in Agra, providing easy access to loans up to INR 75 lakhs*. With competitive interest rates, businesses can obtain financial support without the usual complications associated with traditional lenders. This user-friendly option ensures a seamless application experience, offering businesses in Agra a straightforward solution. Start your business loan application and facilitate your business growth journey.
*T&C Apply
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Branch Address 1
First Floor, E-12/8, Sri Vrindavan Complex, Sanjay Place, Agra - 282001
Branch Address 2
Ground and First Floor, Sector-16 A/204, HIG, Awas Vikas Colony, Agra, Uttar Pradesh - 282 011
Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).
Your business loan eligibility is calculated considering various factors, such as your location, credit history, bank balance, income level, and your overall financial profile. Ensure that you have a strong credit score of 750 and above with a clean and punctual track record of clearing your outstanding dues.
SMFG India Credit offers hassle-free business loans without the need for collateral, providing borrowers with flexible repayment options and a seamless online application process. Businesses can swiftly secure loans up to INR 75 lakh*, often within 72 hours*, due to transparent eligibility standards. Additionally, the borrowing experience is enhanced through pre-approved offers and convenient online account management features.
Securing a lower interest rate for your business loan depends on various critical factors. Your geographic location, net income, business stability, collateral presence, and existing monthly financial commitments all significantly impact your ability to obtain a more favourable interest rate. Lenders consider these aspects carefully to determine the rate that aligns with your financial profile, ensuring you secure a loan with advantageous terms.
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