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

In the midst of the vibrant landscape of Kerala, the state is renowned for its diverse culture, bustling markets, and rapidly developing industrial sector. In this ever-evolving business environment, the demand for financial support is crucial for local entrepreneurs and businesses aspiring to thrive. This article provides a comprehensive overview of the business loan landscape in Kerala, equipping you with the knowledge and insights to make informed decisions about your financial needs in the state.

Features And Benefits Of Business Loans In Kerala:

No Collateral Required: SMFG India Credit's business loans are collateral-free since they’re unsecured, allowing easy access to financial assistance.

Flexible Repayment: SMFG India Credit offers flexible repayment terms, allowing businesses to align payment schedules with cash flow.

Online Application: The application for a business loan in Kerala can be easily made online through the easy-to-navigate dashboard.

Financial Support: The applicant can secure swift and easily accessible financing of up to INR 75 lakhs* for small businesses, which can be obtained within 72 hours* after final approval.

Customized Solutions: You have the option to apply for a higher loan top-up with the flexibility to choose a repayment period of up to 48 months*.

Attractive Interest Rates: SMFG India Credit provides competitive and affordable interest rates for you to avail financial assistance without straining your own financial resources.

Eligibility For Business Loans In Kerala:

Employment Status: The applicant must be a self-employed individual with their own business/ a proprietor, partner, or director of an existing business.

Nationality: The applicant must be a resident Indian.

Age: The applicant must be between 22 and 65 years old.

Business Experience: Applicants for this loan are required to demonstrate a minimum operational history of 3 years and a track record of consistent income and profits (for businesses) over the last 2 years.

Credit Score: To be eligible for a business loan in Kerala, the applicant must have a credit score of 750 or above.

Further eligibility for the loan can be calculated here.

Essential Documents For Business Loan In Kerala:

To avail of a business loan in Kerala from SMFG India Credit, the applicant needs to submit the following mandatory documents:

Document Type


Identity Proof

For a company, firm, or individual - a valid identity proof and PAN Card

Address Proof

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

Bank Statements

Latest 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 two years, after the certification by a Chartered Accountant.

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or a certified copy of the Partnership Deed (if applicable), a certified true copy of the Memorandum and Articles of Association after being authenticated by the company director, and the Board resolution.

There may be other documents required, which can be found here.

Interest Rates For A Business Loan In Kerala:

SMFG Credit customizes business loans in Kerala to match the specific needs of each applicant.



Interest Rate

The lowest and most competitive interest rates will be calculated based on several factors which include location, net income, business stability, etc.

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 Kerala:

These are the quick and hassle-free ways to apply for a business loan in Kerala:

Step 1: Go to SMFG India Credit's Apply Now page. Fill in the required details and upload all the needed documents.

Step 2: Provide the requested personal and financial information.

Step 3: Upon entering your information, you will be promptly informed if your application will proceed to the next stage.

Step 4: Your loan application will undergo several stages of verification, including document validation and physical address verification. If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 5: Following approval, the loan amount will be disbursed directly to your designated bank account.

Please note that terms and conditions apply, and an SMFG India Credit representative may contact you for further details.


For your need for a business loan in Kerala, turn to SMFG India Credit, your premier destination for satisfying business loan requirements. Our services are expertly tailored for rapid and hassle-free fund disbursement, catering to a wide range of financial necessities. What's more, our online EMI calculator enables you to proactively assess your EMIs, ensuring complete transparency in your repayment plan.

To sum it up, SMFG India Credit stands as your reliable companion when it comes to obtaining business loans in Kerala, providing swift, adaptable, and dependable financial solutions.

*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

Branch Address 1

Second floor:“ Sitara Tower”, TC No 81/2863, Manorama Road, Near Aristo Junction, Opposite Desabhimani Building, Thampanoor, Trivandrum 695001, Kerala

Branch Address 2

Second Floor, Door No.42/3406, Civli Land Raod, Palarivattom, Cochin, Kerala - 682024

Branch Address 3

1st Floor, Presidency Shopping Complex, Off MG Road, Poothole, Thrissur - 680004, Kerala

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 Kerala eligibility calculated?

If you wish to avail a business loan in Kerala, it is crucial to ensure that your credit report reflects a notable credit score of 750 and above, with your outstanding dues being clear and paid on time, showcasing responsible credit behaviour.

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

SMFG India Credit provides collateral-free business loans with flexible repayment terms, attractive interest rates, and easy online applications. Borrowers can secure up to INR 75 lakh swiftly, often within 72 hours*, thanks to transparent eligibility criteria and a minimal documentation process.

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

Your geographical location, net income, the stability of your business, the presence of collateral, and your current monthly financial obligations all play essential roles in securing a more favorable and lowest interest rate for your business loan.

If I change my employer, will it affect my business loan or EMI?

If you join a more established company with a pay increase, you might be eligible for a higher loan amount. Otherwise, the loan amount sanctioned would be lower, depending on your overall credit history and financial status.

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