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

Belgaum, a city in Karnataka, India, is a bustling place where lots of businesses, both new and old, thrive. But to take advantage of these chances, companies often need financial support. Business loans are like a helping hand for these businesses to grow and do better.

This information below not only highlights how important business loans are but also provides helpful information about applying for them. Whether you're starting a new business or trying to make an existing one better, business loans in Belgaum can be like a lifeline, helping you turn your business dreams into reality. In this city full of opportunities, these loans can light the way to business success.

Features And Benefits Of Business Loans In Belgaum:

Flexible Repayment Terms: You can repay your loan over 48 months*, aligning it with your cash flow, and make prepayments without extra charges using our foreclosure options*.

Capital Service Assistance: We offer quick and convenient financing for small businesses, allowing you to access up to INR 75 lakhs* with competitive interest rates to keep your capital costs low.

Instant Funding Approval: You can receive funds in as little as 72 hours* with clear eligibility criteria and minimal documentation requirements, ensuring timely financial support.

No Collateral Required: Our business loans are collateral-free, eliminating the need to use personal or business assets as security and simplifying the financing process for your small business.

Tailored Loan Solutions: Enjoy the benefits of pre-approved offers, higher loan top-up limits, and the option to select a repayment period of up to 48 months* that suits your capital requirements and preferences.

Eligibility Criteria For Qualifying For A Business Loan In Belgaum:

To qualify for a business loan with SMFG India Credit, you must meet the following criteria:

  1. Business Entity: Eligible applicants encompass self-employed entrepreneurs running their ventures, as well as individuals serving as proprietors, partners, or directors within established enterprises.
  2. 2. Indian Residency: Applicants must hold Indian citizenship and should be residing in the country.
  3. 3. Age Bracket: Your age range should fall within 22 to 65 years.
  4. 4. Financial Viability: Your business should demonstrate a minimum annual turnover of INR 10 lakhs and generate a post-tax profit of INR 2 lakhs per annum.
  5. Business History: A mandatory prerequisite is a business track record of at least three years, accompanied by a consistent history of income and profits over the past two years.

Documents Required To Apply For A Business Loan In Belgaum

When applying for a business loan, the submission of specific documents is crucial for loan approval. The necessary documents include:

Document Type


Identity Verification

A current photograph of the applicant.

Valid Identity Proof

Documents like PAN cards or Driver's licenses are accepted for identity validation.

Valid Address Proof

 Utility bills or passports serve as acceptable proof of your address.

Bank Statements

Essential records depicting your financial history.


Providing evidence of your Goods and Services Tax (GST) registration or Income Tax Returns (ITR) is imperative for financial verification.

Income Verification

Submission of documents supporting your income and financial stability.

Proof of Business Existence

This category might include your Certificate of Incorporation or any relevant business-related documents.

Interest Rates On Business Loans In Belgaum

The business loan interest rates for Belgaum are as follows:



Interest Rate

The lowest and most competitive interest rates will be calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations)

Loan Amount

Upto INR 75 lakhs*

Loan Tenure

Upto 48 months*

Lowest EMI Per Month

Starting from INR 1,341 for 48 months

Cheque Dishonoured Charges

INR 300

Proceeding Fees

Upto 6.5% of the Loan Amount

Customer Type

Proprietor / LLP/ Pvt Ltd / Partnership / Public Ltd

Late Payment Charges

2% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis.

How To Apply For A Business Loan In Belgaum:

Here's how you can get started:

Step 1: Head to SMFG India Credit's website and click on "Apply Now" to initiate your application.

Step 2: Select either "Business Loan" or "SME Loan" based on your specific requirements.

Step 3: Enter the requested information and upload the necessary documents.

Step 4: Input the desired loan amount and select the tenure that suits your needs.

Step 5: Based on your information, you'll get an instant decision, and if approved, you'll receive a reference number for future communication.

Step 6: SMFG India Credit may request more information from you. Your application will undergo document and address verification stages.

Step 7: Once verification is complete, you'll receive a personalized offer, including the loan amount and interest rate.

After approval, the loan amount will be disbursed directly to your bank account.


Belgaum is a budding place with opportunities for businesses, both established and emerging. Business loans play a pivotal role in fueling this dynamism, guiding entrepreneurs through the support process. SMFG India Credit offers flexible terms, swift approvals, and tailored solutions, aiding Belgaum's financial landscape. This article clarifies eligibility, documentation, and transparent rates, serving as a roadmap for entrepreneurial dreams. By simplifying applications and waiving collateral, SMFG India Credit facilitates business growth in this promising city. These loans not only inject capital but also nurture an environment for innovation, developing Belgaum's evolution into a thriving entrepreneurial hub.

*T&C Apply

Apply for Business Loan

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

Contact Us

Branch Address 1

First Floor plot no. 1257 CTS No. 5874M M Extention Sri Nagar Belgaum 590016 Karnataka

Branch Address 2

First Floor CTS NO 1373, Rajmani complex, Opp. City Arcade Muthoot Finance, Basavanna Temple Ramlingkhind Galli, Belagum – 590002, Karnataka

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).


How is my business loan in Belgaum eligibility calculated?

The eligibility for a business loan in Belgaum is calculated based on various parameters, including the applicant’s location, credit history, income level, and bank balance. It is crucial to ensure that all your outstanding dues are clear and that you demonstrate a credit score of 750 or above to secure the best loan deals.

What are the advantages of applying for an online business loan in Belgaum?

SMFG India Credit offers collateral-free business loans, safeguarding personal and business assets. Also, benefit from its tailored solutions featuring pre-approved offers precisely aligned with your capital requirements and preferences, ensuring a seamless match for your business's financial needs.

How to get a lower interest rate on my business loan in Belgaum?

Different loan types (e.g., secured vs. unsecured, short-term vs. long-term) have varying interest rates. Select the one that best fits your needs. Also as a business owner, showcase a stable business history, positive cash flow, and a solid plan for loan utilization. This increases your credibility as a borrower.

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