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Magma Fincorp  offers Collateral Free Business/SME Loans upto 2 Crores for SME Enterprises. SME Enterprises can use these loans for their wide range of business purposes such as working capital, to buy new machinery etc.

SALIENT FEATURES AND BENEFITS OF OUR SME LOANS

  • SME Loans without any primary or collateral security requirements
  • SME Loans from minimum Rs. 3 lakhs to maximum 2 Crores
  • SME Loan Tenure  range  from 12 to 48 months

WHO CAN APPLY FOR SME LOAN ?

Proprietors, partners, private limited companies, closely held limited companies, listed companies, trusts and societies are all eligible for SME loans from Magma Fincorp

SME Loans for Manufacturers:

All major sectors including engineering, automobiles, chemicals, pharmaceuticals, dairy, packaging, food, agricultural products, fertilizers, jewellery etc.

SME Loan for Service providers:

Includes hospitality, logistics, clearing and forwarding, education, doctors, engineers, chartered accountants, consultants, private and government contractors, healthcare.

SME Loan for Traders:

All types of retailers, wholesalers, stockists, super-stockists and distributors

Eligibility Criteria for SME Loan

  • An Enterprise should have at least five years of operations for the business
  • Minimum turnover of Rs. 40 lacs in the manufacturing and trading industries, and Rs.15 lacs in the service industry.
  • Cash profit for the previous two years.
  • Clear banking and loan payment history.
  • Positive business net worth.
  • Demonstrated growth in turnover

SME Loan Documentation 

  • KYC documents
  • Company Financials
  • Banking and Loan payment history
  • Property Ownership proof
  • Loan Obligation statement

 

Need Urgent Business/ SME Loans , visit our Express Business Loans from Magma fincorp