Trichy is an ancient city located in the cultural heart of Tamil Nadu. Trichy is a bustling city known for its historical significance and its growing manufacturing sector, which is primarily focused on automobile components, aerospace technology, and textile machinery production. In this evolving business landscape, the need for financial support holds paramount importance for local entrepreneurs and enterprises.
Let’s delve into the world of business loans in Trichy, aiming to equip you with the knowledge to make informed choices about your financial needs. Our goal is to provide you with a thorough understanding of the business loan landscape in Trichy, assisting you in determining whether a business loan aligns with your financial goals and aspirations.
SMFG India Credit's business loans are unsecured, eliminating the need for collateral.
SMFG India Credit's business loans in Trichy offer flexible repayment terms up to 60 months, allowing businesses to align their payment schedules with cash flow and ensuring financial convenience.
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 60 months* to match your preferences.
The application for a business loan in Trichy can be easily made online through the easy-to-navigate and robust dashboard.
Applicants can secure swift and easily accessible financing of up to INR 75 lakh* for small businesses.
Business loans by SMFG India Credit can be obtained within 72 hours* thanks to the transparent eligibility criteria and minimal documentation requirements.
You can conveniently manage your business loan account from any location and on any device.
To avail of a business loan in Trichy, the applicant must 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 last 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 the recent 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. |
SMFG Credit customizes business loans in Trichy for interest rates to suit individual profiles and requirements.
|
Particulars |
Rate |
|
Interest Rate |
Interest rates are calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations) to remain competitive and minimal. |
|
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. |
Follow these simple steps to apply for a business loan in Trichy:
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 to the applicant.
Step 7: Following approval, the loan amount will be disbursed directly to your designated bank account.
When encountering financial needs, SMFG India Credit is your go-to solution for business loans in Trichy. With flexible repayment terms, attractive interest rates, swift loan approvals, and a 100% online application process, we ensure that your journey is seamless with us. Check your eligibility using our online eligibility calculator, and submit your business loan application today!
*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.
Address:
Third Floor, Selva Nirmala Complex, No:-C-87/3,1-24, 5th Cross, Fort Station Road, Thillai Nagar, Trichy - 620018
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).
To be eligible for a business loan in Trichy from SMFG India Credit, you need to ensure that you demonstrate a strong credit history with a credit score of 750 and above. A clear and punctual track record of clearing your outstanding dues is also important.
SMFG India Credit provides collateral-free business loans in Trichy 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 simplify the borrowing experience.
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 crucial roles in securing a more favorable interest rate for your business loan.
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