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

Situated in the heart of Maharashtra, Jalgaon is a thriving city renowned for its rich agricultural heritage, vibrant markets, and growing industrial sector. In this evolving business landscape, the need for financial support is vital for local entrepreneurs and enterprises. We delve into the world of business loans in Jalgaon, equipping you with the knowledge to make an educated choice regarding your financial needs. We aim to provide you with a thorough understanding of the business loan landscape in Jalgaon, helping you determine whether a business loan aligns with your financial goals and aspirations.

Features And Benefits Of Business Loans In Jalgaon:

No Collateral Required: SMFG India Credit's business loans are unsecured, eliminating the need for collateral.

Flexible Repayment Tenure: SMFG India Credit's business loans offer flexible repayment terms, allowing businesses to align their payment schedules with cash flow, ensuring financial convenience.

Online Application: The application for a business loan can be easily made online through the user-friendly and robust dashboard.

Capital Support: You can secure swift and easily accessible financing of up to INR 75 lakh* for small businesses.

Rapid Approval: Business loans can be obtained within 72 hours* thanks to the transparent eligibility criteria and minimal documentation requirements.

Tailored Solutions: You can explore customized pre-approved offers to meet your capital needs and request a higher loan top-up with a flexible repayment tenure of up to 48 months* to match your preferences.

Online Account Access: You can conveniently manage your business loan account from anywhere and on any device.

Eligibility Criteria For Business Loans In Jalgaon:

Employment Status: The applicant must be a self-employed individual with their own business/ a proprietor, partner, or director of existing businesses.

Nationality: The applicant must be a resident of India.

Age: The applicant must be between 22 to 65 years of age.

Turnover and profit of business: The minimum annual turnover of the business must be INR 10 lakhs per annum and have a profit after taxes of INR 2 lakhs per annum.

Business Experience: The applicant must have a minimum of 3 years of operational history and stable income and profits for the past 2 years.

Credit Score: To be eligible for a business loan, the applicant must have a credit score of 750 or above.

Documents Required to Apply For A Business Loan In Jalgaon:

To avail of a business loan in Jalgaon, the applicant needs to submit the following documents mandatorily. There may be differences with the actual list depending on your profile, requirements, and SMFG India Credit’s policy during the application.

Document Type

Document

Identity Proof

For a company, firm, or individual - a valid identity proof and PAN Card

Address Proof

Voter ID Card, Ration card, Passport, 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 A Business Loan In Jalgaon:

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

Particulars

Rate

Interest Rate

Interest rates will be calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations) and remain competitive and as low as possible.

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 Jalgaon:

Follow these simple steps to apply for a business loan in Jalgaon:

Step 1: Go to SMFG India Credit's Apply Now page. Fill in the required details and upload all the necessary 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: An SMFG India Credit representative may contact you for additional details.

Step 6: If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 7: Following approval, the loan amount will be disbursed directly to your designated bank account.

Conclusion:

When you find yourself in need of financial support, look no further than SMFG India Credit for your business loan needs in Jalgaon. Our offerings are designed for swift and hassle-free fund disbursement to cater to the diverse financial requirements of individuals. Moreover, our online EMI calculator empowers you to estimate your EMIs in advance, providing clarity on your repayment structure. In conclusion, SMFG India Credit is your trusted partner in Jalgaon for swift, flexible, and reliable business loans.

*T&C Apply

Apply for Business Loan

Contact Us

Address:

Ground Floor and Mezzanine, Plot No. 22, Part Gat No. 21, Near Gujarat Petrol Pump,Nivrutti Nagar, Pimprala, Jalgaon, Maharashtra - 425001

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 Jalgaon eligibility calculated?

To be eligible for a business loan in Jalgaon from SMFG India Credit, you need to ensure that you demonstrate a strong credit history with a credit score of 750 and above and a clear and punctual track record of clearing your outstanding dues.

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

SMFG India Credit provides collateral-free business loans with flexible repayment terms and easy online applications. Borrowers can secure up to INR 75 lakh* swiftly, often within 72 hours*, thanks to transparent eligibility criteria. Pre-approved offers and online account management enhance the borrowing experience.

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

Obtaining a reduced interest rate for your business loan is contingent on several factors. Your geographical location, net income, the stability of your business, the presence of collateral, and your current monthly financial obligations all play essential roles in securing a more favorable interest rate for your business loan.

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

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