Business Loan in Hyderabad

Over the years, Hyderabad has evolved into one of the most prominent cities of India. This city is home to several large IT companies as well as startups as more and more young ideators find this city to be ideal for their business dreams. This city is also known as the City of Pearls due to the famous trade of pearl jewelry that has been flourishing since generations. All these businesses need cash to finance expansion plans, build factories, open new branches, and many more. Business loans can be availed from SMFG India Credit efficiently and at an attractive interest rate to boost business growth objectives. 

SMFG India Credit understands that the right financial support helps you achieve your business dreams. A SMFG India Credit business loan strives to add value to your business plans by offering the best possible solution.

A SMFG India Credit business loan offers many benefits. Some of these are competitive interest rates, flexible repayment tenures, collateral- free loans up to INR 75 Lakhs*, and many more.

Benefits of Business Loan in Hyderabad

SMFG India Credit offers business loan in Hyderabad with the following benefits:

1. Loan amount up to Rs. 75 Lakhs*: We offer collateral-free business loans up to INR 75 Lakhs* to help you with your business plans. 
2. Flexible Repayment Tenure: You can easily repay your loan within tenures upto 60 months*.
3. Simple Documentation: Hassle-free documentation process ensures a smooth experience for our customers.

Business Loan Eligibility

SMFG India Credit provides business loans for self-employed individuals like proprietors, private limited companies, and partnership firms from multiple fields. Following is our eligibility criteria:

1. At an individual level, you should be in the current business for a minimum period of 3 years. This needs to be met with a total of 5 years in business. 
2. The minimum entry age needs to be 22 years and maximum age at the time of maturity should not be more than 65 years. 
3. Another eligibility criterion is that your enterprises should be making profits for the past 2 years with a minimum turnover of INR 10 lakhs. 
4. Your enterprise should have a minimum annual income of INR 2 lakhs.

Please note that final eligibility will depend on several other factors, including CIBIL score, credit history,

Additionally, our business loan eligibility calculator can provide an estimate of the maximum loan amount you may be eligible for. All you have to do is enter basic details like location, age, annual profit after taxes, and your net monthly EMIs. You can vary the rate of interest and tenure to get an indicative amount of your eligibility.

Documents Required for a Business Loan in Hyderabad

Some of the basic documents required are:

1. Identity proof such as PAN card
2. Proof of Address
3. Bank statements (for the last 6 months)
4. Latest ITR reflecting the income computation, balance sheet, profit and loss account. This needs to be provided for the past two years
5. Proof of business existence like Trade license / Establishment / Sales Tax Certificate. 

However, once we screen the documents provided and depending upon the applicant’s profile, there could be additional documents requested.

Upon successful verification checks and loan approval, the funds will get disbursed to you.

Business Loan EMI Calculator

This is a useful tool that can help you plan your monthly outflow constructively in a few seconds. Our business loan EMI calculator is extremely easy to use. You just need to enter your preferred tenure, rate of interest, and total loan amount to get a near accurate estimate of your monthly EMI amount. You can then select a tenure that returns an EMI amount within your budget.

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