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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.

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serving over
18 Lac
unique clients
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Workforce of
3000+
employees
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Presence in500+ cities & oversease offices in Dubai
large network of
2,500+ sub-brokers & authorised persons
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Cumulative AUM under Mutual Funds 3,000+ crores
*As on 31st March 2018

nri-faqFAQs

What is SME Loan?
SME Loan is the loan given for business purpose against hypothecation of current assets and creating mortgage over the property.
What are the properties against which Loan can be availed?
You can avail the Loan against the following properties:
  • Loan Against Commercial Property
  • Loan Against Residential Property
  • Loan Against industrial /plot
What is the maximum amount I can borrow?
In general the maximum amount can be borrowed against residential property is up to 60%, against commercial property is up to 50% and against industrial/ plots( only residential and commercial) is upto 40%. However the loan amount varies case to case basis as it depends upon other factors as well.
When will the loan be disbursed?
Disbursement only be made after credit, technical and legal appraisals of the property have been done, besides execution of loan documents and creation of mortgage over property be made either by deposit of original property documents  or by registered mortgage  or by both has been completed.
Can I repay the loan ahead of schedule?
Yes repayment of loan in full or part can be made ahead of schedule. Early redemption or foreclosure charges will be applicable as per schedule in Loan agreement.

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Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.

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

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