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

Bhilai, a bustling city in the state of Chhattisgarh, India, has seen remarkable growth in recent years. It is known for its steel and power plants and has a robust industrial base, with several small and medium-sized enterprises (SMEs) operating across various sectors. These businesses play a pivotal role in driving economic development and providing employment opportunities. However, to sustain and grow, businesses often need access to capital in the form of business loans.

Business loans serve as a vital resource for entrepreneurs and business owners looking to expand in the business world. The city's thriving economy and supportive business environment make it an ideal place to start or grow a business. By understanding the options available and following the necessary steps, business owners in Bhilai can secure the financial backing they need to propel their businesses to new heights, contributing to the city's continued growth and prosperity.

Features And Benefits Of A Business Loan In Bhilai:

Personalized Loan Solutions: Enjoy pre-approved offers, increased loan limits, and flexible repayment options of up to 48 months to suit your capital needs.

No Collateral Needed: Obtain business loans without collateral, streamlining the financing process for your small business.

Flexible Payment Options: Tailor your loan repayment to your financial needs by selecting a flexible repayment period of up to 48 months. You can also take advantage of prepayment options without incurring any extra charges.

Financial Support: Access swift and convenient financing of up to INR 75 lakhs* for small businesses, complete with competitive interest rates that help you maintain minimal capital expenses.

Loans for Small Businesses: Secure funds within 72 hours* with straightforward eligibility criteria and minimal documentation requirements, ensuring punctual financial assistance.

Account Management: Easily manage your business loan on multiple devices through our service portals and mobile apps for your convenience.

Eligibility Criteria For A Business Loan In Bhilai

To be eligible for a business loan from SMFG India Credit, you must satisfy the following requirements:

Age Eligibility: You should fall within the age range of 22 to 65 years.

Residency Requirement: Applicants are required to be resident Indians.

Business Qualifications: Potential applicants may include self-employed individuals overseeing their ventures or individuals holding roles like proprietors, partners, or directors within established companies.

Financial Criteria: Your business must demonstrate a minimum annual turnover of INR 10 lakhs, in addition to an annual post-tax profit of INR 2 lakhs.

Business History: Your business must have a track record of at least three years, with a consistent history of income and profits over the past two years.

CIBIL Score: Prospective borrowers must maintain a favourable CIBIL score of 750 or above.

Meeting these conditions grants you access to the support provided by SMFG India Credit, enabling the growth of your business.

Documents Required To Apply For A Business Loan In Bhilai

The required documents to apply for a business loan in Bhilai are:

Document Type


Recent Photograph

An up-to-date photograph of the applicant.

Valid Identity Proof

Acceptable identity verification can be established using documents such as your PAN card or Driver's License.

Valid Address Proof

You may provide an electricity bill or passport as documentation to verify your address.

Bank Statements

A thorough compilation of your bank statements is crucial for assessing your financial background.


Furnishing proof of your Goods and Services Tax (GST) registration or Income Tax Returns (ITR) is vital for financial verification.

Income Verification

The submission of documents providing evidence for your income and financial stability.

Proof of Business Existence

This category may encompass your Certificate of Incorporation or any pertinent business-related documents.

Please note that the specific documents required for a business loan may vary based on individual profiles.

Interest Rates On Business Loans In Bhilai

The interest rate breakdown to apply for a business loan in Bhilai is 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 Bhilai:

Here's how you can get started:

Step 1: Initiate the process by visiting SMFG India Credit's website and selecting the "Apply Now" button.

Step 2: Based on your financial needs, select either a "business loan" or an "SME loan."

Step 3: Complete the mandatory information and upload the required documents as per the request.

Step 4: State your desired loan amount and opt for a suitable repayment period that aligns with your needs.

Step 5: After submitting your information, you'll promptly receive an instant decision and a reference number for future correspondence upon approval.

Step 6: During validation, SMFG India Credit may request extra information, including document validation and address confirmation, to process your application.

Step 7: After successful verification, you'll receive a personalized offer specifying the approved loan amount and interest rate.

Step 8: Upon final approval, the loan amount will be directly deposited into your designated bank account.


In conclusion, the availability of business loans in Bhilai through SMFG India Credit presents a significant opportunity for entrepreneurs and business owners to fuel growth and expansion. With personalized loan solutions, no collateral requirements, and flexible repayment options, these loans cater to the diverse needs of businesses in various sectors. Moreover, the straightforward eligibility criteria and minimal documentation make the loan application process accessible for small and medium-sized enterprises. By leveraging this financial support, entrepreneurs can further contribute to Bhilai's economic development by creating employment opportunities and driving the city towards sustained progress and prosperity.

*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


Ground Floor, GE Road, Opp to Nagar Nigam Vyavsayik Parisar, Block No.8A, Plot No.2, Vasundhara Nagar, Bhillai-3, Tahsil Patan Dist:-Durg, Chhatisgarh - 490021

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 Bhilai eligibility calculated?

The eligibility for a business loan in Bhilai is calculated based on various parameters such as income level, bank balance, debt-to-income ratio, credit history, and geographical location. Maintain a credit score of 750 or above and ensure that all your outstanding debt is cleared.

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

SMFG India Credit presents adaptable repayment solutions, enabling you to customise your loan duration according to your financial capability. Moreover, they extend financial aid to small businesses at competitive interest rates, reaching up to INR 75 lakhs, ensuring both ease and economic benefits.

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

Securing a lower interest rate on your business loan involves several strategic approaches. Begin by maintaining a credit score of 750 or above. The higher score typically gets you better loan terms. Also, paying the EMIs punctually and reducing outstanding debts can help you secure loans at lower rates.

Knowledge Center

View All
Does Company Type Affect Your SME Business Loan Eligibility?

Does Company Type Affect Your SME Business Loan Eligibility?

A Small and Medium-sized enterprise (SME) or Micro, Small, and Medium enterprise (MSME) business…


Strategies for Overcoming Financial Crunch in Business

Strategies for Overcoming Financial Crunch in Business

Facing a financial crisis, arising from factors like economic downturns or internal issues, is…


Exploring the Advantages of Employing a Business Loan Calculator

Exploring the Advantages of Employing a Business Loan Calculator


Running a business requires strategic financial planning. Often, that…


What Is Udyog Aadhaar? Why is it useful for MSMEs?

What Is Udyog Aadhaar? Why is it useful for MSMEs?

A government registration process called Udyog Aadhar, or Udyam Aadhar Registration, provides…