Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Situated in the heart of Rajasthan, Alwar is renowned for its historical significance, industrial growth, and flourishing business environment. In this dynamic landscape, financial support is vital for local entrepreneurs and businesses. Let’s explore the realm of business loans in Alwar, and equip you with the knowledge needed to make informed decisions about your financial needs. We strive to equip you with an all-encompassing comprehension of the business loan environment in Alwar, assisting you in evaluating if a business loan resonates with your financial goals and ambitions.

Features And Benefits Of Business Loans In Alwar:

Collateral-free:

SMFG India Credit's business loans are unsecured, which eliminates the requirement for collateral.

Repayment Flexibility:

SMFG India Credit's business loans offer adaptable repayment terms, with loan tenures of up to 48 months, allowing businesses to synchronize payment schedules with their cash flow for financial convenience.

Simple Online Application:

The process of applying for a business loan is streamlined and user-friendly through a 100% online dashboard.

Swift Capital Assistance:

Access fast and easily obtainable financing of up to INR 75 lakhs* for small businesses.

Expedited Approval:

Business loans can be secured within 72 hours*, thanks to transparent eligibility criteria and minimal documentation requirements.

Personalized Financial Solutions:

Explore customized pre-approved offers to meet your specific capital needs.

Convenient Online Account Management:

Efficiently oversee your business loan account from anywhere and on any device.

Eligibility Criteria For Business Loans In Alwar

  • Employment Status: The applicant must be a proprietor, partner, or director of existing businesses or a self-employed individual with a business.
  • Nationality: The applicant must be a resident Indian.
  • Age: The applicant must be between 22 and 65 years old.
  • Credit Score: To be eligible for a business loan, the applicant must have a credit score of 750 or higher.
  • Business Experience: The applicant must have a minimum of 3 years of operational history and stable income and profits for the past 2 years.

Documents For Business Loans In Alwar:

When applying for a business loan in Alwar with SMFG India Credit, you must prepare a set of essential documents. The actual list of items may vary based on your profile, specific requirements, and SMFG India Credit's policy at the time of your application.

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.

Interest Rates For Business Loans In Alwar :

SMFG Credit customizes business loans in Alwar for interest rates to suit individual profiles.

Particulars

Rate

Interest Rate

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 48 months*

Lowest EMI Per Month

Starting from INR 1,341 for 48 months

Cheque Dishonoured Charges

INR 300

Proceeding Fees

Upto 6.5% of the Loan Amount

Customer Type

Proprietor / LLP/ Pvt Ltd / Partnership / Public Ltd

Delayed EMI Payment Interest

24% per annum on outstanding balances that are overdue, calculated on a day-to-day basis.

How To Apply For A Business Loan In Alwar :

Follow these easy steps to apply for a business loan in Alwar:

Step 1: Go to SMFG India Credit's Apply Now page. Fill in the required details and upload all the required documents.

Step 2: Provide the requested personal and financial information in the application form.

Step 3: Upon entering your information, you will be promptly informed if your application will proceed to the next stage.

Step 4: Your loan application will undergo several stages of verification, including document validation and physical address verification.

Step 5: If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 6: Following approval, the loan amount will be disbursed directly to your designated bank account.

Please note that specific terms and conditions apply. A company representative may contact you for additional details.

Conclusion:

When you need financial support, turn to SMFG India Credit for business loans in Alwar. Our services are designed for swift and seamless fund disbursement, catering to various financial requirements. Moreover, the online EMI calculator empowers you to proactively estimate your EMIs, ensuring transparency in your repayment plan. In conclusion, SMFG India Credit is your trusted partner in Alwar, providing fast, flexible, and reliable business loan solutions.

*T&C Apply

Apply for Business Loan

Contact Us

Branch Address 1

Second Floor, Shop No.4, Scheme No.3, Basant Vihar Near Old TV Towers, Behrod Road, Alwar, Rajasthan - 301 001

Branch Address 2

Ground Floor, Plot No:-05, Suraj Nagar, Near School St. Anslams School, Mungaska, Alwar, Rajasthan - 301001

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).

FAQs

How is my business loan in Alwar eligibility calculated?

To be eligible for a business loan from SMFG India Credit, ensure that you have a positive credit history with a credit score of 750 and above. Additionally, ensure that you showcase responsible credit behaviour by clearing all your outstanding debt by making timely payments.

What are the advantages of applying for an online business loan in Alwar?

SMFG India Credit provides collateral-free business loans with flexible repayment terms and easy online applications. Borrowers can secure up to INR 75 lakhs* swiftly, often within 72 hours*, thanks to transparent eligibility criteria.

How to get a lower interest rate on my business loan in Alwar?

Securing a lower interest rate for your business loan depends on several key factors. These include your geographic location, net income, business stability, the availability of collateral, and your existing monthly financial commitments. These elements collectively influence the potential for obtaining a more advantageous interest rate on your business loan.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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