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Home  > Products > Financing > SME Loan

Overview

At SMC Finance, we fulfill short, medium & long term financial requirements of our clients. We offer financing of various types of business entities & SEG (Mfg., Traders & Service Providers), where major assessment is done on the basis of business model, financials, promoters, collateral.

Features

  • For your business needs
  • Property can be residential or commercial or industrial
  • Fixed / floating rate of interest
  • Flexible payment schedule
  • Overdraft / Cash Credit / Term Loan available
  • Loan ranging from 10 lakhs - 20 crores
  • Loan ranging from 10 lakhs - 20 crores.
  • Primary collateral charge on current assets and secondary collateral as property mortgage.

Advantages

  • Attractive rate of interest
  • Quick turn-around time
  • Hassle-free documentation process
  • Professional and transparent approach
  • Part payment facility also available.
  • Hassle-free documentation process

Need A Loan

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Eligility

  • An Indian Residents
  • Clear Marketable Title over property.
  • Above 18 years of age at the commencement of the loan
  • LTV upto 60% in residential property
    1. 50% in commercial property
    2. 40% in industrial / plots (residential or commercial only)
  • Corporate & SEG Group
  • Maximum age of 60 years when the loan matures

Service Charges

  • Nominal processing fees
  • Legal and valuation charges at actual
  • Cheque bounce charges Rs. 750/-
  • Stamp Duty / Registration Charges – as per actual
  • Cersai registration fees + service tax as applicable
  • Documentation charges between Rs. 10,000 – 20,000

Documentation

  • Application form.
  • Loan agreement.
  • Mortgage Deed.
  • FATCA Declaration.
  • Basic KYC Documents.
  • Financials.
  • Income documents & Bank statement.
  • Copy of property papers to be mortgaged.

Terms & Conditions

  • The property must be free from any encumbrances.
  • The property must be mortgagble.
  • The loan amount is subject to the valuation of the property.
  • The loan funding depends upon validity of title documents of the said property and its current market value.
  • The Loan to value on residential Property is upto 60%, against commercial property is upto 50% and against industrial / plots (only residential or commercial) is upto 40%.

About SMC

Established in 1990, SMC is one of the leading and well-diversified financial services companies in India offering services across brokerage (across the asset classes of equities (cash and derivatives), commodities and currency), investment banking, wealth management, distribution of third party financial products, research, financing, depository services, insurance broking and clearing services and real estate advisory services to corporate, institutional, high net worth individuals and other retail clients.

serving over
18 Lac
unique clients
Workforce of
3000+
employees
Presence in500+ cities & oversease offices in Dubai, New York,
Orlando & Atlanta
large network of
2,500+ sub-brokers & authorised persons
Cumulative AUM under Mutual Funds 1,865+ crores
*As on June 2016

FAQs

What is SME Loan?
What are the properties against which Loan can be availed?
What is the maximum amount I can borrow?
When will the loan be disbursed?
Can I repay the loan ahead of schedule?

Follow us:

SMC Global Securities Ltd., Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000, Fax: (011) 25754365, Website- www.smctradeonline.com , CIN : U67120DL1997PLC188881, NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432 , CDSL/NSDL-IN-DP-130-2015, NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 (SMC Comtrade Ltd.) PMS INP000003435 (SMC Investments and Advisory Ltd.)

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.

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Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

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