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

Ludhiana is famous for being an enormous industrial hub and the country’s richest city. Shawls and stoles of Ludhiana have been satisfying the demands of domestic as well as international brands for decades. Ludhiana, popularly referred to as “Manchester of India”, gives rise to abundant business opportunities. SMFG India Credit online business loan can help you create and elevate business needs by providing what you need. SMFG India Credit is a business loan provider in Ludhiana which believes that borrowing for business is the first step taken towards achieving your business dreams and achieving your entrepreneurial ambitions. Your business loans are completely collateral-free.
Following business loans benefits are offered by SMFG India Credit in Ludhiana:

  1. Loan Amount Can Go up to INR 75 Lakhs*: 
    SMFG India Credit offers unsecured business loans up to INR 75 Lakhs*. This will help you fulfill your business plans easily. 
  2. Flexible Repayment Tenure: 
    You can choose a flexible repayment tenure upto 48 months*.
  3. Seamless Documentation: 
    SMFG India Credit business loan documentation is easy to procure. This makes you have a smooth experience. 
  4. Instant Approval: 
    SMFG India Credit gives speedy approval for business loan processing. Instant approval lets you plan your next step in time. 
  5. Online Application:
    You can easily apply online for our business loan and also manage your account on our website. Another option is to walk into any of our branches and complete the process with ease. 

Business Loan Eligibility

SMFG India Credit provides business loans in Ludhiana for self-employed individuals as well as small businesses. This list includes proprietors, private limited companies, and partnership firms from all fields. Below are the eligibility criteria that are applicable to you:

  1. For the loans that are being applied for at an individual level, you should be in your current business for a minimum duration of 3 years. Additionally, your total business experience should be 5 years.
  2. The minimum entry age should be 22 years and the maximum age at the time of maturity should be 65 years.
  3. The enterprises you are self employed with should be in a profit-making business for the past 2 years and this should be in addition to a minimum turnover of INR 10 lakhs.
  4. Your enterprise should have a minimum annual income of INR 2 lakhs.
  5. You should also be aware that the final eligibility amount will depend on several other factors, including CIBIL score, credit history, etc.

Business Loan Eligibility Calculator

SMFG India Credit’s business loan eligibility calculator provides an estimate of the maximum loan amount that you would be eligible for. All you have to do is to enter basic details like location, age, annual profit after taxes, and your total net monthly EMIs. You can enter your preferred rate of interest and tenure. This will give you an estimated amount of your eligibility, thereby helping you immensely in your planning.

Documents Required for a Business Loan in Ludhiana

Documents that are required to be submitted are:

  1. Identity proof like PAN card
  2. Proof of Address
  3. Bank statements (for the past 6 months)
  4. Latest ITR with income computation, balance sheet, profit and loss account. (for the past two years)
  5. Proof of business existence like Trade license / Establishment / Sales Tax Certificate.  

After screening the documents, depending on case to case, there may be additional documents needed. After successful verification is done, the loan will get disbursed into your registered bank account.

Business Loan EMI Calculator

SMFG India Credit business loan EMI calculator is an easy-to-use tool helping you in planning your future monthly outflow. You can then select a preferable tenure, loan, interest rate for an EMI amount within your budget.

*T&C Apply

Apply for Business Loan Calculate your EMI

* 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


Fifth Floor, Fortune Arcade, SCO - 16 & 17, Feroz Gandhi Market, Jila Kacheri Ares, Model Gram, Ludhiana, Punjab-141001

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).

Knowledge Center

View All
What Is Udyog Aadhaar? Why is it useful for MSMEs?

What Is Udyog Aadhaar? Why is it useful for MSMEs?

A government registration process called Udyog Aadhar, or Udyam Aadhar Registration, provides…


Unlocking Business Registration Proof: Types & Significance

Unlocking Business Registration Proof: Types & Significance

If you are a new business owner and want to enhance your business credibility in India, it is…


Top 6 Ways To Boost Your MSME Loan Eligibility

Top 6 Ways To Boost Your MSME Loan Eligibility

Taking out an MSME loan can be a big step for small and medium-sized enterprises aiming to scale…


What Are Direct & Indirect Tax As A Business Owner?

What Are Direct & Indirect Tax As A Business Owner?

Understanding direct and indirect taxes, for a business owner, is more than just a must-do for…