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

Goa, a coastal paradise nestled along the Arabian Sea in India, is renowned for its stunning beaches, vibrant nightlife, and rich Portuguese heritage. Famous for its scenic beauty, Goa offers picturesque sunsets, palm-fringed shores, and a blend of cultural influences. Goa is not just a destination; it's an experience, capturing the essence of relaxation, adventure, and vibrant celebrations.

In Goa, the demand for business loans has surged due to its thriving tourism industry, flourishing hospitality sector, and emerging startups. Entrepreneurs often seek financial assistance to invest in beach resorts, guesthouses, restaurants, water sports ventures, and eco-tourism projects. Additionally, there's a growing need for loans among local artisans and craftsmen to expand their businesses, especially those related to traditional handicrafts, jewellery, and local cuisine.

Features And Benefits Of Business Loans In Goa:

Versatile Loan Payback Terms:

Repay your loan conveniently within up to 48 months*, aligning with your cash flow and ensuring manageable repayment schedules.

Foreclosure Solutions:

Enjoy the flexibility of prepaying the loan without hidden charges, providing financial freedom for early repayment.

Capital Provision:

Obtain quick and easy finance up to INR 75 lakhs* for small businesses with competitive interest rates, keeping your cost of capital low.

Swift Loan Disbursal:

Small business loans are processed within 72 hours*, acknowledging the importance of seizing timely opportunities.

Uncomplicated Paperwork:

Transparent eligibility criteria and minimal paperwork requirements make the loan application process hassle-free.

Collateral-free Loan Approval:

Avail collateral-free business loans without pledging personal or business assets, reducing financial risks.

Specially Crafted Solutions:

Benefit from pre-approved offers, higher loan top-up options, and select repayment tenures up to 48 months* tailored to your business needs.

Easy Online Accessibility:

Manage your business loan account effortlessly through online portals and mobile applications, ensuring accessibility anytime, anywhere, across various devices (desktop, mobile, or tablet).

Eligibility Criteria For Business Loans In Goa:

  • Eligible Entities: Self-employed individuals, proprietors, partners, or directors of existing businesses.
  • Nationality: Indian citizens are eligible to apply.
  • Age Criteria: Applicants should be between 22 and 65 years old.
  • Turnover Requirement: The business must have a minimum annual turnover of INR 10 lakhs and a profit after taxes of INR 2 lakhs per annum.
  • Business Experience: The business must be operational for at least 3 years, demonstrating stable income and profits for the past 2 years.
  • Credit Score: A CIBIL score of 750 or higher boosts your creditworthiness.

Documents Required For Business Loan In Goa:

The list of documents required for a business loan in Goa includes:



Recent photograph

A recent passport-sized photograph of the applicant

Valid Identity Proof

Acceptable options include PAN card or Driving Licence

Valid Address Proof

Options include documents like an electricity bill or Passport

Bank statements

Statements reflecting your business's financial transactions

GST or ITR documents

Proof of your business's Goods and Services Tax (GST) registration or Income Tax Returns

Income proofs

Documents that validate your business's income

Proof of Business existence

Documents like Certificate of Incorporation that establish your business's existence

Interest Rates For A Business Loan In Goa:

Details of interest rates for a business loan in Goa are listed as under:



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 Goa:

To apply for a loan with SMFG India Credit, follow these steps:

Access SMFG India Credit's official website: Proceed to the 'Apply Now' section.

Complete the Application Form: Fill in all necessary details and ensure documents are uploaded correctly.

Enter Personal and Financial Information: Accurately input personal and financial details as required in the application form.

Verification and Validation: Your application will be subjected to verification steps, including document validation and address confirmation.

Receive Tailored Loan Offer: If eligible, expect a personalised loan offer detailing the approved loan amount and applicable interest rate.

Loan Disbursement Procedure: Upon approval, the sanctioned loan amount will be directly transferred to your nominated bank account.


SMFG India Credit offers user-friendly business loans by avoiding the complexities typically associated with traditional lenders. With competitive interest rates and flexible repayment timelines, we ensure that you don’t strain your financial resources and are able to repay the loan hassle-free.

*T&C Apply

Apply for Business Loan

Contact Us


5th Floor, Citicenter building, EDC complex, At Patto plaza, Panjim - 403001, Tiswadi (North Goa District), Goa

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 Goa eligibility calculated?

A variety of factors, such as income, location, and annual business fluctuations, are considered when determining loan eligibility. Also, applicants must have a credit score of 750 or higher, along with a proven history of reliable credit transactions.

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

SMFG India Credit makes business loans hassle-free and includes:

  • Unsecured loans.
  • Easier repayment options for borrowers.
  • A simple online application process for fast admission.
  • Loans up to INR 75 lakh*, are usually approved within 72 hours*.
  • Clear standards of eligibility.
  • Pre-approved features and simple online account management.

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

If you're looking to secure a more favorable interest rate on your business loan, there are several factors that you can focus on to increase your chances of success. This includes your business's location, earnings, stability, collateral, and current monthly financial obligations. Using these, you can identify areas where you can improve and work towards obtaining a better rate.

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