Looking for collateral-free business funding between ₹10 lakhs to ₹75 lakhs? Here’s everything you need to know about SMFG India Credit’s business loans in simple terms:
Loan Snapshot
✅ Loan Amount: ₹10 lakhs – ₹75 lakhs
✅ Interest Rate: Competitive (based on profile)
✅ Repayment: Flexible EMI options
✅ Processing Time: Quick approvals
Who Can Apply?
✔ Business Types: Proprietorships, Partnerships, LLPs, Pvt. Ltd. Companies
✔ Minimum Turnover: ₹2 crores (as per financials/GST)
✔ Business Vintage: 3+ years
✔ Applicant Age: 25+ years
Loan Options
SMFG offers tailored loan products based on your business type:
1. Standard Business Loan
- Amount: Up to ₹35 lakhs
- Based on: Average Bank Balance (ABB)
2. GST-Based Loan
- Amount: Up to ₹40 lakhs
- Requires: 12 months GST 3B returns
3. Doctor Loans
| Loan Type | Max Amount | Key Requirement |
|---|---|---|
| Degree-Based | ₹20 lakhs | Medical degree proof |
| Receipt-Based | ₹30 lakhs | Practice receipts |
| Income-Based | ₹50 lakhs | ITR showing income |
Key Eligibility Factors
- DSCR (Debt Service Coverage Ratio):
- ₹10-40L: 0.80x
- ₹41-50L: 0.90x
- ₹50-75L: 1.10x
Translation: Your business income should be at least 80-110% of your proposed EMI obligations.
Documents Required
📌 Must-Have Documents:
- KYC (PAN/Aadhaar) of applicant & co-applicant
- Business address proof (ownership/rental agreement)
📌 Financial Documents:
- 6 months bank statements (Current + OD accounts)
- 12 months GST 3B returns
- GST certificate
- MSME registration (if applicable)
How to Apply?
- Check Eligibility: Match your turnover & DSCR
- Choose Product: Select ABB/GST/Doctor loan
- Submit Documents: Online or at branch
- Get Approval: Fast processing
Pro Tip: Doctors can get higher amounts (up to ₹50L) under special programs.
Why Choose SMFG?
✔ No collateral required
✔ Customized loan products
✔ Competitive interest rates
✔ Special schemes for medical professionals
Need business funding? Check your eligibility today!
Note: Terms subject to change. Final approval at lender’s discretion.
