Business Loan in Gujarat

Gujarat is a beautiful blend of historical places, temple towns, wildlife, and replete with agricultural and industrial production. This home state of Mahatma Gandhi has emerged to be one of the wealthiest states of our country and boasts of low unemployment. Gujarat offers immense business opportunities leading to thriving business loans. SMFG India Credit is extremely glad to offer eligible applicants a business loan to help grow their business. You can have benefits like minimal documentation, smooth processing, and quick approval. This not only helps you in fulfilling your business related dreams, but also makes your experience enjoyable.

Highlights of SMFG India Credit Business Loan in Gujarat:

1. Business Loan upto INR 75 Lakhs*: SMFG India Credit offers attractive interest rates, flexible repayment tenure, and smooth documentation on collateral free business loans up to INR 75 Lakhs*. You can apply for your business loan as long as you meet the eligibility criteria and have the required documentation. . SMFG India Credit offers repayment tenures upto 48 months*. Our Business loan interest rate is competitive and affordable in nature.  However, it will depend on certain factors like location, income, business experience, current loans, etc. SMFG India Credit processes applications quickly, enabling quick decisioning on your loan application. This way you can plan your business decisions better. Small business loans can be disbursed within 24 hours* of final approval. 
2. Business Loan Online: You can apply for SMFG India Credit’s business loan online. It is the easiest way to apply. SMFG India Credit has self-explanatory steps laid out. You need to begin with filling out the form and then uploading the required documents. Alternatively, you can also go to the SMFG India Credit Gujarat branch and complete the process guided by the representatives.  
3. Business Loan Calculators: SMFG India Credit offers two online tools that help you in planning your loans efficiently. The business loan eligibility calculator gives you a chance to find out the business loan amount that you may be eligible for. This can help you in planning your next steps. With a business loan EMI calculator, you can manage your monthly business outflow much better. Once you enter the details, you can find out the exact EMI amount. Both these calculators are free of cost and they let you re-enter fresh details as many times as you would like.

Eligibility Criteria for Business Loan:

SMFG India Credit provides business loan opportunities to you in the form of enterprises like proprietors, private limited companies, and partnership firms. If you are applying as a self employed individual, you need to be in your current business for at least 3 years with a total business experience of 5 years. Your minimum entry age should be 22 years and the maximum maturity age should be 65 years. Your enterprise should be in a profit-making business for the past 2 years with a minimum turnover of INR 10 lakhs with a minimum annual income of INR 2 lakhs. The basic eligibility check is also based on certain factors like CIBIL score (minimum of 750), credit history, etc. Please note that final eligibility will depend on a number of other factors, including SMFG India Credit’s policy at the time of loan application.

Documents Required for Business Loan:

SMFG India Credit business loan documentation is simple. The below stated documents are to be submitted along with your application form:

1. Identity proof (PAN card)
2. Proof of Address
3. Bank statements (past 6 months)
4. Latest ITR with income computation, balance sheet, profit and loss account (past two years)
5. Proof of business existence like Trade license / Establishment / Sales Tax Certificate.  

Depending on your profile and our policy, additional documents may be requested.

Apply today for a business loan in Gujarat with SMFG India Credit and make your business plans into a reality.

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