Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Traders are a vital link between the manufacturers of goods/commodities and the consumers. SMFG India Credit’s business loan for traders aims to provide hassle free finance to traders and to meet business and financial needs at competitive interest rates. Any individual or a firm (partnership or proprietorship) engaged primarily in buying and selling of goods is eligible for this scheme. We offer customised solutions for wholesalers, traders and retailers.

With SMFG India Credit Business Loan for Traders, you can meet your daily business needs such as purchase of goods and services, working capital, furnishing, renovating existing business premises, purchase of new equipment etc.

Features And Benefits

Unsecured Financial assistance up to 75 Lakhs*

Get financial assistance to start a new business venture or boost existing operations.

Preferential Interest Rates

Business loans for traders are available at an extra special rate of interest!

Apply online

From loan application to approval, you can initiate the process online.


We provide insurance cover for your loan

No collateral*

Business loans for traders are available without any collateral*.

Flexible repayment options

Choose a convenient repayment timeline between 12 and 48 months.

*Terms and Conditions apply

Apply Now for Business Loan for Trader

Submit your application in minutes!

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Is there any age eligibility criterion for me to apply for a Business Loan

You need to be at least 22 years of age to apply for a Business Loan under the 'Self Employed Business Category'. A relaxation of 2 years will be made if you are a non-professional. You cannot exceed 65 years of age at the time of Loan Maturity.

Are there any eligibility criteria that my business entity should meet for me to apply for a loan?

Yes, the annual turnover of your business should be between 10 Lakhs and 100 Crores*. Further, your business needs to be in continuity for the last 3 years showing positive trends in turnover and profit for the last 2 years. Your Income Tax Returns of the last 2 years should reflect taxable income of above 2 Lakhs per annum.

*Should your turnover be above 30 Crores, please refer to the SME Loans section to understand the solutions that are designed for the SME segment.

What is a Business Installment Loan?

Business Installment Loans are the loans, which are used to meet medium term working capital needs.

How can I repay my Business Loan?

You can repay the loan in equal monthly installments (EMIs). The loan can be repaid through post-dated cheques. You can also repay through an ECS mandate to your bank.

What is an EMI?

EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. The EMI consists of both the principal and interest components.

Do I need to hypothecate my assets or provide any other collateral to avail a Business Loan from SMFG India Credit?

You do not need to hypothecate any assets to avail a Business Loan from SMFG India Credit.

What is the maximum loan amount I can avail?

You can avail up to a maximum of ‌‌75 Lakhs*. The amount would be calculated based on your income and other parameters that the SMFG India Credit Relationship Manager will explain.

Can I foreclose or prepay my loan?

Yes, you can repay your loan at any time during the loan tenure.

Is there any advantage that I can get if I have already availed a loan from SMFG India Credit earlier?

Yes, if you are an existing customer of SMFG India Credit, you will get additional benefits in processing time as well as in the interest rate.

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* Loans are at the sole discretion of SMFG India Credit and are subject to guidelines of the Reserve Bank of India. SMFG India Credit may engage the services of marketing agents for the purpose of sourcing loan assets in certain locations.

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