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

Jalandhar, a vibrant city in Punjab, is known for its rich cultural heritage and economic growth. As one of the major industrial hubs in the state, Jalandhar has a diverse economy that includes manufacturing, textiles, sports equipment, and agriculture. The city's strategic location and progressive business environment have attracted entrepreneurs and investors, contributing to its economic prosperity.

In recent years, Jalandhar has witnessed infrastructural development and modernization, making it an attractive destination for businesses and residents alike. The city's educational institutions and healthcare facilities have also seen significant improvements, enhancing the overall quality of life for its residents. As Jalandhar continues to grow, the right financial support becomes of paramount importance. SMFG India Credit, with its comprehensive business loans, can be your trusted partner in this journey.

Features And Benefits Of Business Loans In Jalandhar:

Flexible Repayment Plans:

You can now conveniently repay your business loans over a span of up to 48 months*.

Financial Support:

Entrepreneurs in Jalandhar can easily secure financing ranging up to INR 75 lakh* at competitive interest rates.

Quick Approval Process:

A loan approval process as swift as 72 hours* empowers entrepreneurs to foster business growth.

Simplified Documentation:

Transparent eligibility criteria and minimal paperwork streamline the loan application process for Jalandhar's entrepreneurs.

Collateral-Free Solutions

Secure business loans without pledging personal or business assets and minimise financial risks.

Tailored Offerings:

Entrepreneurs in Jalandhar benefit from pre-approved offers, higher loan top-up options, and the flexibility to choose repayment tenures

User-Friendly Digital Access:

Business owners in Jalandhar can effortlessly manage their business loan accounts through user-friendly online portals and mobile applications, ensuring accessibility from anywhere, at any time, and across various devices.

Eligibility For Business Loans In Jalandhar:

  • Eligible Applicants: Entrepreneurs who are self-employed, proprietors, partners, or directors of existing businesses are eligible, ensuring a wide range of entrepreneurs can access assistance.
  • Nationality Requirement: Applicants must be resident Indians.
  • Age Criteria: Applicants should fall within the age bracket of 22 to 65 years.
  • Turnover Minimum: The business must have an annual turnover of at least INR 10 lakh, supporting businesses of a certain scale.
  • Post-Tax Profits: Demonstrate a profit after taxes of INR 2 lakhs per annum.
  • Business Experience: The business must be operational for a minimum operational tenure of 3 years, including stable income and profits for the past 2 years.
  • Credit Score: Applicants must possess a CIBIL score of 750 or higher, underscoring the significance of a strong credit history in the loan approval process.

Interest Rates For A Business Loan In Jalandhar:

Interest rates are personalised to each applicant, ensuring they are competitive and appropriate. These loan choices involve minimal fees.



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.

Documents For Business Loan In Jalandhar:

At SMFG India Credit, applying for a business loan requires essential documents for verification, including standard KYC documents (PAN, address proof), bank statements, and pertinent business records. Here is a summary for your convenience:



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

How To Apply For A Business Loan In Jalandhar:

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

Visit the Application Page: Visit SMFG India Credit's Apply Now page.

Complete the Application: Fill in all the necessary details and upload the required documents.

Provide Personal and Financial Information: Enter your personal and financial information accurately.

Verification Process: Your application will go through stages of verification to check its authenticity.

Personalized Loan Offer: If eligible, you will receive a personalised loan offer along with details of the approved loan amount and applicable interest rate.

Loan Disbursement: Upon approval, the loan amount will be directly credited to your designated bank account.


SMFG India Credit simplifies the loan application process for businesses in Jalandhar, offering easy access to loans of up to INR 75 lakhs*. With a competitive annual interest rates, this service provides financial assistance without the usual complexities associated with traditional lenders. The user-friendly interface ensures a smooth application experience, providing businesses in Jalandhar with a straightforward solution. Click here to initiate your business loan application and accelerate your business growth journey.

*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


First floor, SCO 47, Opp. District Courts, Jalandhar - 144001

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 Jalandhar eligibility calculated?

Eligibility for a business loan is determined using various factors, including your income, location, and annual business turnover. Additionally, the applicants need to have a credit score of 750 or higher along with a history of reliable credit behaviour.

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

SMFG India Credit offers hassle-free business loans along with other benefits such as:

  • Loans without the need for collateral.
  • Providing borrowers with flexible repayment options.
  • Seamless online application process. Businesses can swiftly
  • Secure loans up to INR 75 lakh*, often within 72 hours*.
  • Transparent eligibility standards.
  • Pre-approved offers and convenient online account management features.

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

Getting a lower interest rate for your business loan depends on various critical factors like your geographic location, net income, business stability, repayment tenure, credit behaviour, and existing monthly financial commitments. Lenders consider these aspects carefully when setting an interest rate and loan terms that align with your financial profile

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