Business Loan in Mumbai

As a business owner, no matter what your goals are- improving sales, increasing inventory or expanding your business, we at SMFG India Credit have you covered. SMFG India Credit has partnered with businesses across different sectors in Mumbai, and provides unsecured loans upto INR 75 Lakhs* to help smart, savvy individuals realise their business goals. The very fact that loans can be customized as per your requirements is just another cherry on the cake. 

Here are some of the reasons you should consider SMFG India Credit as your financial partner while opting for a business loan in Mumbai to cater to the unique requirements of your business:

1. Loans up to INR 75 Lakhs*

SMFG India Credit understands your requirements and hence, offers collateral-free loans of up to Rs. 75 Lakhs* at processing charges upto 6.5% of the amount borrowed to ensure that the lack of capital does not come in the way of your dreams.

2. Quick Approval and Disbursal

Keeping your best interests in mind, SMFG India Credit ensures that your application is speedily processed and the funds are promptly transferred to your account once the loan is approved.

3. Flexible Loan Repayment Tenure

Opt for a repayment tenure that ranges upto 60 months* and schedule your repayments based on your cash inflow to ensure you have access to funds as per your requirements.

4. Pre-approved Offers

Avail of pre-approved offers on business loans and top-ups required to meet the unique requirements of your business.

5. Track Loan Details

Track even the minutest details related to your loan at your fingertips by logging into your account from a device of your choice, anytime, anywhere.

Eligibility to Apply for a Business Loan

SMFG India Credit is committed to providing the best product for your requirements and have extremely basic eligibility criteria for you as well as your business.  A business loan calculator can help you calculate the approximate loan amount you are eligible for. The basic business loan eligibility criteria are as follows:

• Individuals engaged in proprietorship, partnership firms, private companies are eligible to apply for loans.
• The individual opting for the loan should possess a minimum of 5 years of business experience and should be involved with the current business for a minimum of 3 years.
• The business should earn an income of minimum of Rs. 2 lakhs per year and should earn a turnover of at least Rs. 10 lakhs per year. In addition to these factors, the enterprise should have generated profits in the previous two years.
• The minimum age of the applicant should be 21 years of age and should not exceed 65 at the time of the maturity of the loan.

*T&C Apply

Apply for Business Loan   Check Your Eligibility