Looking for a loan for medical shop to start in Hyderabad? Secure the funding you need with our tailored business loan solutions designed to support your entrepreneurial journey and turn your vision into reality. At SMFG India Credit, we offer loan amounts of up to INR 50 lakhs and flexible repayment terms of up to 48 months, catering to the diverse needs of self-employed individuals, small businesses, and medium-sized enterprises in Hyderabad. Partner with us today and unlock the potential for your business’s success!

Documents Required for Taking a Business Loan for Setting Up a Medical Shop in Hyderabad

• Bank statements for the past six months.
• Valid PAN card and identity proof.
• Proof of business existence and continuation, which may include Trade licence, Income Tax Returns (ITR), Sales tax certificate, or proof of establishment.
• Address proof documents such as Passport, Driving licence, Ration Card, or 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, which should include a CA-certified balance sheet, the latest ITR with computation of income, and Profit and Loss Account for the last two years.

Eligibility Criteria

The loan is open to self-employed individuals, private limited companies, proprietors, or partnership firms operating in the manufacturing, trading, or services sector.

• The loan is accessible to individuals aged 22 years and above, with a requirement to settle it before reaching 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.
• For enterprises requiring funds, meeting the criteria of a minimum annual turnover of INR 10 lakhs, a profitable performance in the last two years, and an annual income (ITR) of at least INR 2 lakhs per annum is essential.

Choose SMFG India Credit as your go-to source for small business loan in Hyderabad, and gain access to the financial support necessary for your business’s growth.