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

Bhubaneswar, the capital of the eastern Indian state of Odisha, has been steadily emerging as a hub for entrepreneurial ventures and small businesses. The city's growth has been fueled by various factors, including government initiatives, a burgeoning startup ecosystem, and a dynamic business environment. For those looking to establish or expand their businesses in Bhubaneswar, securing a business loan can be a crucial step. Let’s explore the steps of obtaining a business loan in Bhubaneswar.

Bhubaneswar's thriving business environment is conducive to the growth of diverse industries, including IT, healthcare, education, tourism, and manufacturing. The city has garnered recognition for its smart city initiatives, which have led to infrastructural development and improved the ease of doing business. The state government's proactive measures and policy support have also played a significant role in boosting the business landscape.

Features And Benefits Of Business Loans In Bhubaneswar

When considering a business loan from SMFG India Credit, you can expect a range of valuable advantages:

Small Business Loans: Get funds in 72 hours* with clear eligibility and minimal documentation for timely financial support.

Flexible Repayment: Repay your loan over a flexible 48-month* period to align with your cash flow, with the option to prepay without extra fees.

Capital Servicing Support: Access up to INR 75 lakhs* in quick, competitive financing for small businesses to keep capital costs low.

Customized Loan: Benefit from pre-approved offers and higher loan top-up allowances, and choose a repayment tenure of up to 48 months* tailored to your preferences for your capital needs.

Collateral-Free: Get collateral-free business loans without pledging assets, making small business financing easier.

Account Management: Track and manage your business loan account across devices—desktop, mobile, or tablet—anytime and from anywhere using our service portals and mobile applications.

Eligibility Criteria For A Business Loan In Bhubaneswar

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

  1. Business Entity: Prospective applicants include self-employed individuals managing their enterprises or individuals in roles such as proprietors, partners, or directors within established businesses.
  2. Indian Residency: Applicants are required to have Indian ci
  3. Age Bracket: Your age range should fall within 22 to 65 years.
  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 Bhubaneswar

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

Interest Rates On Business Loans In Bhubaneswar

Here’s a detailed breakdown of the interest rates for business loans in Bhubaneswar:



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 Bhubaneswar

To apply for a business loan in Bhubaneswar, follow these steps:

Step 1: Begin by visiting the SMFG India Credit website and clicking on the "Apply Now" button to kickstart your application.

Step 2: Depending on your specific needs, choose between "Business Loan" or "SME Loan."

Step 3: Provide the requested information and upload the required documents.

Step 4: Specify your desired loan amount and select a repayment period that aligns with your requirements.

Step 5: Following your submission, you'll swiftly receive an immediate decision. Upon approval, you'll be provided with a reference number for future correspondence.

Step 6: SMFG India Credit may require additional information, including document and address verification, to process your application.

Step 7: After successful verification, you'll receive a tailored offer outlining the loan amount and applicable interest rate.

Once approved, the loan amount will be directly transferred to your designated bank account.


In conclusion, Bhubaneswar stands as a flourishing ground for entrepreneurial endeavours, with a conducive environment fostered by government initiatives and a diverse range of industries. Securing a business loan through SMFG India Credit presents a strategic opportunity for businesses aiming to establish or expand their ventures in this thriving city. With simplified eligibility criteria, flexible repayment options, and competitive interest rates, these loans offer a vital financial backbone for businesses. The streamlined application process, coupled with quick approvals and personalized offers, makes accessing capital easier, empowering entrepreneurs to propel their enterprises forward amidst the dynamic landscape of Bhubaneswar's business ecosystem.

*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


2nd Floor, Kalinga Complex, Plot-B, Unit-1, Rajpath, Bhubaneswar - 751 009

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 Bhubaneswar eligibility calculated?

Eligibility for a business loan is determined by considering various factors, such as income level, bank balance, credit history, and geographical location. It is crucial to ensure that you have a credit score of 750 or above and that all your outstanding are clear and have been paid on time.

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

SMFG India Credit provides collateral-free business loans, simplifying small business financing without necessitating collateral. This enables your business to grow and meet immediate financial needs without risking personal or business assets, streamlining the borrowing process with ease.

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

Maintaining a strong rapport with your lender significantly impacts securing lower interest rates for business loans. Beyond timely repayments and document submissions, keeping the lender updated about significant changes builds trust. Building confidence through consistent communication enhances the likelihood of favourable loan terms, benefiting your business's financial prospects.

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