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

Gulbarga, now officially known as Kalaburagi, is a historic city in the northern part of the Indian state of Karnataka. With a rich cultural and historical heritage, Gulbarga has witnessed the rule of various dynasties, including the Bahmani Sultanate and the Nizam of Hyderabad. The city is renowned for its architectural marvels, including historical monuments like the Gulbarga Fort, Jama Masjid, and the Sharana Basaveshwara Temple. The city is an important educational and industrial hub, contributing to the overall growth and development of the region.

In Gulbarga, aspiring entrepreneurs and established businesses may seek business loans to fuel their growth and development. Whether it's expanding operations, investing in technology, or meeting working capital needs, a business loan provides the necessary financial support. Gulbarga's dynamic economic landscape, with sectors like agriculture, education, and small-scale industries, often prompts individuals to explore financing options for business expansion, modernization, or launching new ventures.

Features And Benefits Of Business Loans In Gulbarga

A business loan in Gulbarga comes with several features and benefits tailored to support the unique needs of local entrepreneurs:

Flexible Tenure:

SMFG India Credit provides adaptable repayment options, enabling businesses in Gulbarga to synchronise payment schedules with their cash flow.

Financial Assistance:

Entrepreneurs can quickly secure accessible financing of up to INR 75 lakhs* for small businesses, approved within 72 hours* after the final approval.

Simplified Documentation:

The loan application process for Gulbarga's entrepreneurs is simplified with transparent eligibility criteria and minimal paperwork, reducing the associated hassle.

Effortless Documentation:

The loan application process becomes more straightforward with transparent eligibility criteria and minimal paperwork, minimizing the challenges.

Efficient Loan management:

Effectively manage your business loan using our user-friendly online portals.

Eligibility Criteria For Business Loans In Gulbarga

  • Eligible Applicants: Individuals who are self-employed, business proprietors, partners, or directors of established enterprises can apply.
  • Nationality: Applicants must be Indian citizens.
  • Age: Candidates should be in the age range of 22 to 65 years.
  • Business Performance: The business should have a minimum annual turnover of INR 10 lakhs.
  • Financial Strength: A profit after taxes of INR 2 lakhs per annum is required, showcasing financial stability.
  • Business Experience: The business should be operational for at least 3 years, demonstrating stability, experience, and consistent income over the past 2 years.
  • Creditworthiness: Applicants must possess a CIBIL score of 750 or higher.

Documents Required For Business Loan In Gulbarga

Here is a summary of the essential list of documents required for your convenience:

Document Type


Identity Proof

Valid identity proof and PAN Card

Address Proof

Passport, Voter ID Card, Ration card, or Driving License

Bank Statements

Bank Statements for the past 6 months

Income Documents

Most recent two years' Income Tax Returns (ITR), along with the income computation, balance sheet, and profit and loss account for those same two years, following the necessary certification by a Chartered Accountant.

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or the Partnership Deed, copy of the Memorandum and Articles of Association, authenticated by the company director, and Board resolution.

Interest Rates For A Business Loan In Gulbarga

SMFG India Credit tailors business loans in Gulbarga by assessing applicants' credit scores, business turnovers, and financial backgrounds and offering competitive interest rates.



Interest Rate

The interest rates, determined by factors like location, net income, business stability, collateral, and existing monthly obligations, are the lowest and most competitive.

Loan Amount

Upto INR 75 lakhs*

Loan Tenure

Upto 48 months*

Lowest EMI Per Month

It starts at INR 1,341 for a 48-month period

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 Business Loans In Gulbarga

To commence a business loan application in Gulbarga through SMFG India Credit, follow these straightforward steps:

Step 1. Online Application: Begin by visiting the official SMFG India Credit website and clicking on the "Apply Now" button in the business loan section.

Step 2. Application Form: Fill in the required details accurately in the online application form, providing essential information about your business, financials, and personal details.

Step 3. Document Submission: Upload necessary documents, including recent photographs, valid identity proof (PAN card or Driving Licence), valid address proof (electricity bill or Passport), bank statements, GST or ITR documents, income proofs, and proof of business existence (Certificate of Incorporation).

Step 4. Verification Process: After submission, SMFG India Credit's team will verify the details and authenticate your application.

Step 5. Customised Loan Offer: Upon successful verification, receive a personalised loan plan detailing terms, interest rates, and repayment options tailored to your business.

Step 6. Loan Disbursement: Following approval, the loan amount will be disbursed to your designated bank account.

SMFG India Credit ensures a smooth and effective business loan application process in Gulbarga, ensuring timely financial support for your business expansion.


In conclusion, SMFG India Credit stands as the ideal financial partner for businesses in Gulbarga, offering not just financial support but a seamless and efficient loan application process. With competitive interest rates, flexible tenure, and a commitment to simplifying paperwork, SMFG India Credit is dedicated to fostering the growth and success of businesses in Gulbarga. Choose us for a hassle-free journey towards realising your business ambitions. Apply for a business loan today.

*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


Second Floor, No.15/359 & 360, Saptashrungi Tower, Behind Kamat Hotel, Super Market, Gulbarga - 585101, 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 eligibility for a business loan in Gulbarga determined?

Your eligibility for a business loan in Gulbarga is assessed based on factors like location, income, bank balance, debt-to-income ratio, and credit history. Maintaining a credit score of 750 or above and settling outstanding debts enhances your eligibility.

What advantages come with applying for an online business loan in Gulbarga?

SMFG India Credit provides competitive interest rates on business loans up to INR 75 lakhs*, ensuring cost-effective capital for local Gulbarga businesses. Transparent eligibility criteria and a simplified documentation process ensure swift financial assistance tailored to your business's needs.

How can I secure a reduced interest rate on my Gulbarga business loan?

Strategically choosing debt can help lower loan interest rates and alleviate financial pressures. If your business's financial health has improved since obtaining the initial high-interest loans, consolidating debts into a single loan may result in a reduced interest rate, simplifying repayments and improving financial stability.

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