Ahmedabad, known for its entrepreneurial spirit, is one of India's major economic hubs. If you are a budding entrepreneur, a small business owner, or a seasoned professional who requires financial assistance for your business, SMFG India Credit is here to support you as your trusted financial partner in Ahmedabad.
At SMFG India Credit, we offer unsecured business loans for self-employed, small, and mid-sized businesses in Ahmedabad, providing funds of up to INR 50 lakhs with flexible repayment options of up to 48 months*.
To apply for a small business loan in Ahmedabad, you will need to provide the following documents:
- Bank statements - last 6 months
- A valid copy of your 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 signed and certified true copy of the Memorandum & Articles of Association, if applicable
- Income documents, including CA-certified balance sheet, latest ITR with the computation of income, and Profit and Loss Account for the last 2 years.
To be eligible for an unsecured business loan in Ahmedabad, you must fulfill the following criteria.
- The borrowing party should be a self-employed individual, private limited company, proprietor, or partnership firm operating in the manufacturing, trading, or services sector.
- Individual applicants should be at least 22 years old, and the loan should be repaid before they reach the age of 65.
- Individual applicants should have a minimum of 3 years of experience in the current business, with a minimum of 5 years of total business experience.
- The enterprises seeking funds should have a minimum annual turnover of Rs. 10 lakhs and a proven track record of profits for the last 2 years. The annual income (ITR) should be at least Rs. 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 various factors such as location, business stability, net income, annual turnover and profit, current financial position, business vintage, and existing monthly obligations. You can use our business loan EMI calculator on our website to determine the monthly installments based on the loan tenure, amount, and interest rate.
How to Apply for a Business Loan in Ahmedabad?
Applying for a business loan in Ahmedabad with SMFG India Credit is simple and convenient. Save time and effort by submitting your application online through our website. Ensure you have the necessary documents in soft-copy format for uploading during the application process. Alternatively, you can also visit your nearest SMFG India Credit branch in Ahmedabad, where our dedicated staff will guide you through the loan application procedure and provide detailed information about our business loan offerings.
Partner with SMFG India Credit, your reliable business loan provider in Ahmedabad, and unlock the financial support you need to fuel the growth and success of your business.
*T&C Apply