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

Bilaspur, a rapidly growing city in Chhattisgarh, is rapidly becoming a hotspot for entrepreneurs and businesses alike. Whether you're a budding entrepreneur who dreams of launching a new venture or an established business owner looking to expand, one common factor binds your aspirations: the need for capital. Just like anywhere else in the world, business loans play a pivotal role in Bilaspur, serving as a major factor in growth and expansion.

This page serves as your comprehensive guide to navigating the world of business loans in Bilaspur. In Bilaspur, where the business landscape is flourishing with abundant opportunities, business loans can serve as the key to turning your entrepreneurial aspirations into reality and addressing the operational demands of your enterprise. Therefore, it is imperative to remain well-informed, thoroughly explore your available choices, and discover the ideal loan that harmonizes with your business's goals and financial necessities.

Features And Benefits Of Business Loans In Bilaspur

Here are some key benefits of availing a business loan from SMFG India Credit:

Flexible Repayment: Repay your loan over 48 months* to match your cash flow and make prepayments without additional charges* through our foreclosure options.

Capital Support: Access up to INR 75 lakhs* with competitive interest rates, ensuring cost-effective capital for small businesses.

Quick Funding Approval: Obtain funds within 72 hours* through transparent eligibility criteria and minimal documentation requirements, ensuring timely financial support.

Collateral-Free: Get business loans without the need for collateral, simplifying the financing process for your small business.

Customized Solutions: Benefit from pre-approved offers and higher loan top-up limits, and choose a repayment tenure of up to 48 months* tailored to your capital requirements.

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

Eligibility Criteria For A Business Loan In Bilaspur:

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

Business Structure: Eligible applicants include self-employed entrepreneurs managing their ventures, as well as individuals serving as proprietors, partners, or directors within established enterprises.

Indian Residency: Applicants are required to hold Indian citizenship.

Age Range: Your age should be within the range of 22 to 65 years.

Financial Stability: Your business should exhibit a minimum annual turnover of INR 10 lakhs and generate a post-tax profit of INR 2 lakhs per annum.

Business Track Record: A requirement is a business history of at least three years, coupled with a consistent track record of income and profits over the past two years.

Cibil Score: Aspiring borrowers must maintain a commendable CIBIL score of 750 or higher.

Essential Documentation For Business Loan In Bilaspur

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

Document Type


Recent Photograph

A current photograph of the applicant.

Valid Identity Proof

Acceptable proof of identity documents include your PAN card or Driver's License.

Valid Address Proof

You have the option to furnish either an electricity bill or a passport as a means of address verification.

Bank Statements

A thorough compilation of your bank statements is imperative in the assessment of your financial history.


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

Income Verification

The submission of documents substantiating your income and financial stability.

Proof of Business Existence

This category may include your Certificate of Incorporation or any relevant business-related documentation.

Interest Rates On Business Loans In Bilaspur

Here’s a complete breakdown for the interest rates for business loans in Bilaspur:



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

Delayed EMI Payment Interest

24% per annum on outstanding balances that are overdue, calculated on a day-to-day basis.

How To Apply For A Business Loan In Bilaspur?

Here’s the simple application procedure to apply for a business loan in Bilaspur:

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, the necessity for financial support among business owners in Bilaspur is undeniable, particularly when seeking avenues for business expansion or addressing operational needs. Amidst these requirements, SMFG India Credit stands out as a reliable partner in this journey. Through our commitment to providing tailored business loans and financial aid, SMFG India Credit demonstrates a steadfast dedication to empowering businesses in Bilaspur. With our expertise and customer-centric approach, business owners can confidently look to us as their trusted ally, navigating the path towards sustained growth and success.

*T&C Apply

Apply for Business Loan

Contact Us

Branch Address 1

First Floor, Patwari Halka No:-19, Khasra No:-555/4, Amarkantak Road, Purana Gurella, Khairmai Chowk, Tehsil - Pandra Road, Dist:- Bilaspur - 495 117, Chattisgarh

Branch Address 2

Ground & First Floor, Khasra No. 783/15, Gulab Nagar Seepat Road, Mopka-Bilaspur, Chattisgarh - 495 006

Branch Address 3

First Floor, Satya Sai Plaza, Unit No:-7,8,9,10, Khasra No:-523/1, 524/4, Patgwari Halka No:-22, Ward No:-30, Gandhi Nagar, Bilaspur - 495 001, Chattisgarh

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).


How is my business loan in Bilaspur eligibility calculated?

The eligibility for a business loan is calculated based on various factors such as location, income level, bank balance, debt-to-income ratio, and overall credit history. Ensure that you have a strong credit score of 750 or above and have all your outstanding cleared.

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

We offer business loans up to INR 75 lakhs* at favourable rates, delivering cost-effective capital for small businesses. Also, with our transparent eligibility requirements and minimal documentation, we ensure prompt financial assistance customized to suit your business requirements.

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

Debt refinancing offers a potent solution to decrease loan interest rates, aiding smooth operations. If initial high-interest loans burden your business, and your finances have since improved, consider consolidating debts into a single loan. This improved financial decision may secure a lower business loan interest rate, simplifying repayments.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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