SMC Finance Business Loan

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Location 50 Km from Branch
CIBIL Score 680+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 2Cr+
Loan Amount & Tenure 10 Lac-75 Lac
(24 month-36 month)
Loan Product Term Loan
Rate of Interest & Type 16% to 22% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 25 Year-60 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, Either Office or Residence should be owned in lending branch jurisdiction
Business Registration Proof Mandatory Yes
Program 1. Banking-20 Lac
2. ITR Program-35 Lac
3. Income Program-75 Lac
Product for Professionals No
Negative Profile School, Advocates, Jewellers, Share Traders, Liquor Business, Real Estate, Gym, Liquor Business,
Hotel & Restaurant, Aviation Sector
USP 1. Funding to Manpower Industry,Iron & Steel Industry & Textile Industry
Additional 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company
2. CIVIL Contractors, Coal Industry are catious profile

SMC Finance Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %16 %
Tenure (months)12
Emi (monthly)9,073
Total Interest8,877
Loan Amount + Interest108,877
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,5303,68927,21976,47023.53 %
Oct7,7401,3339,07392,2607.74 %
Nov7,8431,2309,07384,41715.58 %
Dec7,9471,1269,07376,47023.53 %
76,4715,18681,6570100.00 %
Jan8,0531,0209,07368,41731.58 %
Feb8,1619129,07360,25639.74 %
Mar8,2708039,07351,98648.01 %
Apr8,3806939,07343,60656.39 %
May8,4925819,07335,11464.89 %
Jun8,6054689,07326,50973.49 %
Jul8,7203539,07317,78982.21 %
Aug8,8362379,0738,95391.05 %
Sep8,9541199,0730100.00 %

Documents Required for SMC Finance Business Loan

Business loan eligibility is based on basic terms like CIBIL score, age, business turnover, and more that candidates must fulfil to avail business finance

Let’s look into the required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : SMC Finance Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About SMC Finance Business Loan

SMC Finance Business Loan provides a collateral-free, EMI-based business loan that allows you to grow your company, invest, and meet your working capital requirements. With the assistance of a business loan, you may boost your business or exchange your machinery and gear.

With SMC Finance Business Loans, you may set out on a journey of business achievement and development. As an entrepreneur seeking to broaden your horizons, you've discovered a trustworthy partner when you choose SMC Finance. The simple application process here guarantees that you get the funding you need quickly, letting you solely concentrate on growing your business.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.