Surat is a bustling commercial center, attracting businesses with its vibrant economy. It is a business haven, offering a favorable environment for startups and established companies alike. As your trusted financial partner, SMFG India Credit specializes in unsecured business loan in surat tailored to the specific requirements of self-employed individuals, small businesses, and medium-sized enterprises in Surat. We offer loan amounts of up to INR 50 lakhs and flexible repayment options of up to 48 months to fuel the growth and success of Surat’s dynamic business community.

Documents Required to Apply for a Small Business Loan in Surat

• Bank statement (past six months)
• Valid PAN card and identity proof
• Proof of business existence and continuation (Trade license/ITR/Sales tax certificate/proof of establishment)
• Address proof documents (Passport/Driving license/Ration Card/Voter ID card)
• Certified copies of the Partnership Deed or Sole proprietorship declaration, and/or certified true copy of the Memorandum & Articles of Association (if applicable)
• Income documents, including CA-certified balance sheet, latest ITR with computation of income, and Profit and Loss Account for the last two years

Eligibility criteria for an unsecured business loan in Surat

• Self-employed individuals, private limited companies, proprietors, or partnership firms operating in the manufacturing, trading, or services sector are eligible.
• Individual applicants should be at least 22 years old and repay the loan before reaching the age of 65.
• Individuals should have a minimum of three years of experience in their current business and a total business experience of at least five years.
• Enterprises seeking funds should have a minimum annual turnover of INR 10 lakhs, a proven track record of profits for the last two years, and an annual income (ITR) of at least INR 2 lakhs per annum.

At SMFG India Credit, we offer competitive interest rates on our business loans. The applicable interest rate is determined based on factors such as location, business stability, net income, annual turnover and profit, current financial position, business vintage, and existing monthly obligations. Utilize our business EMI calculator on our website to determine monthly installments based on loan tenure, amount, and interest rate.

Apply for a Small Business Loan in Surat

Applying for a business loan in Surat with SMFG India Credit is simple. Submit your application conveniently online through our website, ensuring you have the necessary soft-copy documents ready for upload. Alternatively, visit the nearest SMFG India Credit branch in Surat, where our dedicated staff will assist you with the loan application process and provide comprehensive information about our business loan offerings.

Choose SMFG India Credit as your reliable business loan provider in Surat, and access the financial support necessary to fuel your business’s growth and success.