Business Loan in Thrissur

Name: SMFG India Credit - Business Loan In Thrissur
Address: 1st Floor, Presidency Shopping Complex, Off MG Road, Poothole, Thrissur - 680004, Kerala, Thrissur, Kerala, 680004, IN
Telephone: 1800 103 6001
Price range: Upto Rs. 75 Lakhs

Apply Now

Get your Business Loan Approved in Minutes

Apply Now

Nestled in the vibrant surroundings of Kerala, Thrissur is a city renowned for its rich cultural heritage, bustling markets, and burgeoning industrial sector. In this ever-changing world, the need for financial support is crucial for local entrepreneurs and businesses striving to thrive. Let us guide you through the world of business loans in Thrissur, providing you with the knowledge and insights needed to make informed decisions concerning your financial requirements. We aim to equip you with a comprehensive understanding of the business loan landscape in Thrissur, empowering you to take charge of your financial future.

Features And Benefits Of Business Loans In Thrissur:

100% Online Application:

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

No Collateral Required:

SMFG India Credit's business loans are unsecured, which means that no collateral is required to secure this loan.

Flexible Repayment:

Business loans in Thrissur offered by SMFG India Credit offer flexible repayment terms, allowing businesses to align payment schedules with cash flow.

Financial Backing :

You can secure swift and easily accessible financing of up to INR 75 lakhs* for small businesses. This can be obtained within 72 hours* thanks to the transparent eligibility criteria and minimal documentation requirements.

Customized Solutions:

You can explore 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.

Eligibility Criteria For Business Loans In Thrissur:

Age: The applicant must be between 22 and 65 years old.
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 Indian.
Business Turnover: The minimum annual turnover of the business must be
Business Experience: Applicants are required to demonstrate a minimum operational history of 3 years and a track record of consistent income and profits over the last 2 years.
Credit Score: To be eligible for a business loan in Thrissur, the applicant must have a credit score of 750 or above.

Further eligibility for the loan can be calculated here.

Documents For Business Loan In Thrissur:

To avail of a business loan in Thrissur, the applicant needs to submit the following required documents:

Document Type	Document
Identity Proof	Valid identity proof and PAN Card
Address Proof	Passport, Voter ID Card, Ration card, or Driving License
Bank Statements	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 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 the Partnership Deed, copy of the Memorandum and Articles of Association, authenticated by the company director, and Board resolution.

Interest Rates For A Business Loan In Thrissur:

SMFG Credit tailors business loans in Thrissur with interest rates that are personalized to individual profiles.

Particulars	Rate
Interest Rate	Most minimum and competitive interest rates will be calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations)
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
Processing Fees	Up to 2.75% of loan amount + GST
Customer Type	Proprietor / LLP/ Pvt Ltd / Partnership / Public Ltd
Late Payment Charges	2% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis.

How To Apply For A Business Loan In Thrissur:

Step 1: visit 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: If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 6: Following approval, the loan amount will be disbursed directly to your designated bank account.

Please note that terms and conditions apply. An SMFG India Credit representative may contact you for additional details.

Conclusion:

When you find yourself in need of financial support, turn to SMFG India Credit as your ultimate destination for fulfilling your business loan requirements in Thrissur. Our services are meticulously crafted for swift and seamless fund disbursement, catering to a diverse range of financial needs. Estimate your EMI using our online EMI calculator ensuring transparency in your repayment schedule. SMFG India Credit provides business loans in Thrissur, providing fast, adaptable, and trustworthy financial solutions. Apply for a business loan with us today!

*T&C Apply

Apply for Business Loan

* 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.

Contact Us

Address:

1st Floor, Presidency Shopping Complex, Off MG Road, Poothole, Thrissur - 680004, Kerala

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).

FAQs

How is my business loan in Thrissur eligibility calculated?

Your eligibility for a business loan in Thrissur is calculated based on your overall credit history, with a strong credit score of 750 and above ensuring all your financial dues are cleared on time.

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

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

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

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.