Business Loan - Apply Online for an Instant Business Loan

Business loan solutions can help you scale your operations and unlock new growth opportunities. Whether you’re expanding your reach or strengthening your cash flow, applying for business loans online can support your evolving working capital needs.

SMFG India Credit supports entrepreneurs and business owners by offering a range of unsecured business loan solutions of up to INR 75 lakhs*.

You can use our business loan solutions to cover key expenses like buying inventory, purchasing new equipment, office expansion, marketing, salaries, and more.

Our loan products cater to a variety of sectors, including retail, e-commerce, manufacturing, travel, and others. We also offer expert advice and support throughout your business loan tenure, so you can make informed decisions and manage your finances effectively.

Read on to explore the features and benefits of our business loan offerings, check the eligibility criteria and documentation, and learn what to expect from the online business loan application process.

Features and Benefits of a Business Loan

Apply online for a business loan today, and begin to manage your account on our simple but highly powerful dashboard. With our seamless online tracking process, you can manage and change your custom preferences in seconds.

Other features and benefits of our business loans include:

• Flexible Business Loan Facilities

With our flexible online business loan facility, you repay your loan within up to 60 months* as per your convenience. Thus, you can ensure that your repayment schedule matches your cash flow. There are also options for foreclosure that allow you to prepay the loan amount without any hidden charges.

• Business Loans for Capital Needs

We offer substantial business loan amounts of up to INR 75 lakhs* to SMEs.

• Attractive Business Loan Interest Rates

We offer competitive business loan interest rates to ensure optimal cost of borrowing.

• Small Business Loans in 72 Hours*

In the world of business, it’s important to tap into opportunities at the right time. This is why we have straightforward online business loan eligibility criteria and minimal documentation requirements, so you can access funds when you need them the most.

• No Collateral Business Loan

With SMFG India Credit, you can get collateral-free business loans without pledging your personal or business assets.

• Tailor-Made Business Loan Solutions

Our small business loan products come with pre-approved offers for your capital needs. You can also get a higher loan top-up amount and choose a repayment tenure up to 60 months* as per your convenience.

• Online Business Loan Account Access

You can track and manage your business loan account anytime, anywhere and across devices (desktop, mobile, or tablet) using our service portals and mobile applications.

Business Loan Eligibility

Understanding the eligibility criteria is the first step towards a successful business loan application. You can use our business loan eligibility calculator to get a quick estimate of the loan amount you may be able to borrow. This helps you plan your finances better and take proactive steps to strengthen your application, if needed.

Now, let’s take a closer look at the key eligibility requirements at SMFG India Credit.

*Please note that this is only the basic eligibility criteria for business loans. The final eligibility will depend on several factors, including SMFG India Credit’s policy at the time of loan application.

Documents Required for a Business Loan

Along with your online business loan application, you’ll be required to submit documents that serve as proof of your identity, age, address, income, and business continuity. These business loan documents help us validate crucial information, allowing us to present a tailored offer that aligns with your financial profile and business needs.

Here is a list of the basic documents required for your quick reference:

For a more complete list, please visit the business loan documents page or speak with our customer care representative.

Business Loan Interest Rates and Charges

SMFG India Credit offers competitive business loan interest rates for eligible enterprises. These rates are influenced by various factors, such as business cash flow, location, creditworthiness, profitability, and so on.

Here’s a quick overview of the applicable fees and charges when applying for our business loan online:

Business Loan Application Process

Understanding the online business loan application process can help you prepare more effectively and increase your chances of approval. Here are the general steps involved in applying for a business loan:

• Determine Your Business Loan Amount and Purpose

Determine the loan amount that you need and the specific purpose. This includes estimating expenses such as inventory, equipment, and operating expenses. Knowing this will help you select the appropriate business loan type (working capital, term loan, etc.) and ensure that you do not borrow more or less than the necessary amount.

• Research Different Business Loan Providers

Research different lenders to compare the various quick business loan options, interest rates, and terms. Look for reputation, positive reviews, and decide upon the lender that offers loan terms that are best suited to your specific business needs.

• Check Business Loan Eligibility and Gather Documents

Make sure you pay attention to the business loan eligibility criteria of your chosen lender and ensure that you meet the basic requirements before applying. Prepare all the essential documents and ensure they are free of errors to speed up the application process.

• Submit Your Business Loan Application and Await Approval

Complete the easy business loan application process online or offline by providing all the requested information and submitting the documents. Your application will then go through various stages of evaluation. Once everything is verified, you will be offered a custom loan amount and rate of interest. The loan amount will be disbursed once you verify and accept the business loan offer, after which you can start making payments as per the agreed-upon schedule.

Estimate Your EMI with Our Business Loan Calculator

A business loan EMI calculator is a handy tool that can help you foresee your monthly obligations. By providing a realistic overview of your monthly expenses, it enables you to make informed decisions about your business loan amount and tenure. The calculator takes 3 inputs:

• The total loan amount
• The loan tenure
• The interest rate

The business loan EMI calculator lets you try out different values to picture different scenarios, ultimately helping you to make the best financial decisions for your business.

Types of Business Loans

At SMFG India Credit, we understand that every business has unique financial requirements. We offer a variety of tailored loan solutions to support enterprises across different sectors, allowing business owners to select the option that best aligns with their goals and capital needs.

Below are the different types of business loans we offer:

Business Loan for Women

At SMFG India Credit, we support and empower women entrepreneurs by offering competitive interest rates on business loans. These flexible loan solutions are designed to help women scale their businesses smoothly and confidently.

Business Loan for Doctors

We offer tailor-made online business loan solutions for medical professionals. Doctors can borrow amounts of up to INR 75 lakhs* to support operations for their clinic or nursing home. With speedy loan processing and flexible loan tenures, medical entrepreneurs can grow or upgrade their practice efficiently.

Business Loan for CAs (Chartered Accountants)

We extend customised, collateral-free business loan solutions for chartered accountants. Our seamless digital lending process makes it possible for CAs to get swift access to funds for a variety of causes, like office expansion, renovations, or recruitment.

Business Loan for Manufacturers

We understand the unique needs of a manufacturing business and how it may need consistent funding to effectively manage operations. Hence, we offer quick business loans for manufacturers which can be used to cover expenses like overheads, equipment upgrades, raw material procurement, and inventory replenishment.

Business Loan for Self-Employed

Our business loan solutions for self-employed professionals are designed to support both short- and long-term capital requirements, with an easy online application process.

Working Capital Loan

A working capital loan helps businesses meet their immediate financial obligations, like salaries, utility bills, or rent. SMFG India Credit’s efficient approval and disbursement processes help businesses ensure smooth, uninterrupted day-to-day operations.

MSME Loan

We offer substantial, collateral-free loans of up to INR 75 lakhs* to MSMEs and SMEs. These loans are designed to help micro, small, and mid-sized businesses scale their operations without compromising their cash flows.

Machinery Loan

Our quick and easy machinery loans can help you purchase or upgrade to the latest equipment. Boost your production capacities by securing a machinery loan with flexible repayment tenures of up to 60 months* and competitive interest rates.

How to Apply for Business Loan

At SMFG India Credit, you can apply for a business loan online in a few easy steps. Here’s how:

• Provide Basic Details to Apply for a Business Loan

You can initiate the online business loan application process here. Click on ‘Business Loan’ or ‘SME Loan’ based on your requirements. Proceed to enter the required details, upload the documents, enter the desired loan amount, and select the tenure. Please make sure to upload up-to-date and accurate business loan documents to avoid any delays.

• Wait for the Decision on Your Business Loan Application

Based on the information you enter, you will be given an instant decision, that is, you will be informed immediately if your business loan application will be considered going forward. If yes, you will be given a reference number. Please save this number for future communication. An SMFG India Credit representative may get in touch with you for any further information that may be required.

• Look Forward to Your Business Loan Approval and Disbursement

Your business loan application will then go through various stages of verification, which also include verification of all documents, physical address verification, and document collection. After the verification is complete, you will be given a customised offer on the loan amount as well as the rate of interest. Post approval, the business loan amount will be disbursed to your bank account.

Where We Offer Business Loans

Business Loan in Mumbai

Get customised business loan solutions of up to INR 75 lakhs* for your enterprise in Mumbai to thrive even in competitive markets.

Business Loan in Delhi NCR

The capital region of Delhi NCR is home to some of the top businesses in technology, retail, healthcare, and manufacturing. If your business is located in Delhi, you can avail of flexible online business loans with tenures of up to 60 months*.

Business Loan in Bangalore

Scale your enterprise in the ‘Silicon Valley of India’ with business loans at affordable interest rates. Leverage Bangalore’s growth potential with our tailored loan solutions.

Business Loan in Goa

Goa’s coastline attracts tourists from all around the world and has helped businesses in the retail, food, tourism, and hospitality sectors grow immensely. Boost your business in Goa through SMFG India Credit’s small business loans.

Business Loan in Chennai

In addition to being one of the fastest-growing Indian cities, Chennai is a hotspot for manufacturing businesses. Strengthen your position in the city’s booming business sector by applying for business loans designed to support a wide array of capital needs.

Business Loan in Kerala

Navigate through Kerala’s ever-changing business environment with collateral-free business loans of up to INR 75 lakhs*. Apply online easily with minimal documentation.

Business Loan in Kolkata

Fuel business expansion in Kolkata with the help of our competitive business loan offerings. Enjoy attractive interest rates and repayment tenures suited to your financial goals.

Business Loan in Bihar

The bustling markets of Bihar and its rich culture are ideal for small to medium-sized enterprises that are aiming to scale. Access business loans of up to INR 75 lakhs* and take the first step towards sustainable growth.

Business Loan in Gujarat

Gujarat, being one of the most affluent states, is the perfect place for you to branch out and scale up. Apply for business loans online and avail of some of the most competitive interest rates in the market.

Discover the Power of a Business Loan – Watch Now!

With the rustic flair of desi music and subtly infused humour, this video tells a story of a small retailer who was able to grow his small business with a loan. Watch now and enjoy!