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Situated in the vibrant landscape of West Bengal, Siliguri is renowned for its rich cultural heritage, bustling markets, and rapidly advancing industrial sector. Within this ever-evolving business environment, the imperative need for financial support becomes crucial for local entrepreneurs and businesses aiming for success. Below, we will discuss the concept, features, and other intricacies of securing a business loan in Siliguri, providing you with the knowledge and insights essential for making informed decisions regarding your business loan requirements in the city.
SMFG India Credit's business loans are collateral-free because they’re unsecured.
SMFG India Credit offers flexible tenure, allowing businesses to align payment schedules with cash flow to ensure financial ease.
The application for a business loan in Siliguri can be easily made online through the easy-to-navigate dashboard.
The applicant can secure swift and easily accessible financing of up to INR 75 lakhs*, which can be obtained within 72 hours* after final approval.
Applicants have the option to apply for a higher loan top-up based on personal requirements and needs.
Further eligibility for the business loan can be calculated here.
To avail of a business loan in Siliguri, the applicant must submit the following documents mandatorily. With a minimal list of documents, SMFG India Credit has made the borrowing experience hassle-free and seamless.
Document Type |
Document |
Identity Proof |
Valid identity proof and PAN Card |
Address Proof |
Voter ID Card, Ration card, Passport, or Driving License |
Bank Statements |
Latest Bank Statements for the last 6 months |
Income Documents |
Most recent two years' Income Tax Returns (ITR), income computation, balance sheet, and profit and loss account, 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. |
SMFG Credit customizes business loans in Siliguri for interest rates to suit individual profiles.
Particulars |
Rate |
Interest Rate |
Interest rates remain competitive and as minimal as possible based on location, net income, business stability, collateral, and existing monthly obligations. |
Loan Amount |
Upto INR 75 lakhs* |
Loan Tenure |
Upto 60 months* |
Lowest EMI Per Month |
Starting from INR 1,341 for 48 months |
Cheque Dishonoured Charges |
Rs. 300 to 1000 |
Processing Fees |
Up to 5% of the total loan amount + GST |
Organization Type |
Proprietorship, Partnership, Private Limited, Closely held or unlisted companies, LLPs, Educational Institutes and Hospitals run by Trusts / Societies. |
Late Payment Charges |
Up to 3% per month (36% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment. |
These are the quick and hassle-free ways to apply for a business loan in Siliguri:
Step 1: Go to SMFG India Credit's Apply Now page. Fill in the required details and upload all the needed documents.
Step 2: Provide the requested personal and financial information carefully.
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. An SMFG India Credit representative may contact you for further details
Step 6: Following approval, the loan amount will be disbursed directly to your designated bank account.
Please note that terms and conditions apply.
When seeking a business loan in Siliguri, turn to SMFG India Credit! Our services are meticulously crafted for rapid and hassle-free fund disbursement, addressing a diverse range of financial needs. With attractive interest rates and transparent processes, SMFG India Credit can be your dependable partner for obtaining business loans in Siliguri, offering swift, adaptable, and reliable financial solutions.
*T&C Apply
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Branch Address 1
First Floor, Mouza Baromohansing, J L No:-71, Khatian No:-4359, Plot No:-1475, Dist:-Darjeeling, PS - Matigara, Siliguri - 734001, West Bengal
Branch Address 2
First Floor, 2nd Mile, City Plaza, Sevoke Road, Off. Payal Cinema Hall,Siliguri, Darjeeling, West Bengal - 734001
Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).
Eligibility for business loans is calculated based on various factors like your credit score, bank balance, income level, etc. It’s crucial to have a strong credit score of 750 and above to get your desired loan amount at the best rates and ensure that you have a good record of clearing your financial dues.
SMFG India Credit provides collateral-free business loans in Siliguri 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.
Securing a lower interest rate for your business loan depends on various factors, such as your location, net income, business stability, the existence of collateral, and your current monthly financial commitments. These significantly influence your ability to obtain a more favorable interest rate for your business loan.
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