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

Are you a visionary entrepreneur or a business owner in Morbi looking to take your business to the next level? If so, then a business loan is the key for you. These loans are a powerful financial resource that can help take your business to the next level. Let’s explore the benefits and opportunities that business loans in Morbi can offer you.

Morbi, recognized for its ceramic and clock manufacturing industries, has become a thriving hub for commerce and entrepreneurship. With a strategic location and a diverse industrial base, the city has fostered an environment that attracts businesses of all scales. Entrepreneurs in Morbi constantly seek opportunities to innovate, expand, and remain competitive in the market. If you are looking for a business loan, SMFG India Credit is the right partner for you.

Features And Benefits Of Business Loans In Morbi

Here are some key benefits of availing a business loan from SMFG India Credit:

Capital on Demand: We provide quick and hassle-free financing of up to INR 75 lakhs* to small businesses with competitive interest rates to keep their capital costs low.

Swift Funding: Small business loans available within 72 hours*, supported by transparent eligibility criteria and minimal documentation.

Collateral-Free: SMFG India Credit offers collateral-free business loans, eliminating the need to pledge personal or business assets for financing.

Flexible Repayment: Repay your loan in up to 48 months*, aligning with your cash flow. Foreclosure options are available at no extra cost.

Customized Options: Our small business loan products include pre-approved offers, higher loan top-up amounts, and the choice of repayment terms of up to 48 months* for personalized financing.

Convenient Account Management: Easily monitor and manage your business loan on any device with our online portals and mobile applications.

Eligibility Criteria For Instant Business Loan In Morbi

To become eligible for a business loan through SMFG India Credit, adherence to the following criteria is essential:

Business Potential: The applicants may include self-employed individuals overseeing their ventures or individuals holding roles like proprietors, partners, or directors within established companies.

Residency Requirement: Applicants are required to have Indian citizenship and must be residing in India.

Age Eligibility: You should fall within the age range of 22 to 65 years.

Financial Criteria: Your business must demonstrate a minimum annual turnover of INR 10 lakhs, in addition to an annual post-tax profit of INR 2 lakhs.

Business History: Your business must have a track record of at least three years, with a consistent history of income and profits over the past two years.

CIBIL Score: Prospective borrowers must maintain a favourable CIBIL score of 750 or above.

Essential Documentation For Business Loan Application In Morbi

When applying for a business loan, the submission of specific documents is crucial for loan approval. The necessary documents include:

Document Type


Recent Photograph

An up-to-date photograph of the applicant.

Valid Identity Proof

Acceptable identity verification can be established using documents such as your PAN card or Driver's License.

Valid Address Proof

You may provide an electricity bill or passport as documentation to verify your address.

Bank Statements

A thorough compilation of your bank statements is crucial for assessing your financial background.


Furnishing proof of your Goods and Services Tax (GST) registration or Income Tax Returns (ITR) is vital for financial verification.

Income Verification

The submission of documents providing evidence for your income and financial stability.

Proof of Business Existence

This category may encompass your Certificate of Incorporation or any pertinent business-related documents.

Interest Rates On Business Loans In Morbi

SMFG India Credit provides competitive and affordable interest rates, the breakdown of which is as follows:



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 Morbi:

To apply for a business loan in Morbi, please follow these steps:

Step 1: Visit SMFG India Credit's website and click "Apply Now" to initiate your application.

Step 2: Choose between a "Business Loan" or "SME Loan" based on your specific requirements.

Step 3: Provide the requested information and upload the necessary documents.

Step 4: Input your desired loan amount and select a suitable tenure.

Step 5: Based on the information you provide, you'll promptly receive an instant decision on your application status. If approved, a reference number for future communication will be provided.

Step 6: SMFG India Credit may contact you for additional information as your application undergoes various verification stages, including document and physical address validation.

Step 7: Upon completion of verification, you'll receive a personalized offer specifying the loan amount and interest rate.

Step 8: After approval, the loan amount will be disbursed directly to your bank account.


For businesses in Morbi, financial support is the cornerstone of success. SMFG India Credit simplifies the loan application process, offering easy access to loans with competitive interest rates. Facilitate your business growth journey in Morbi with our user-friendly solutions. Apply now and propel your business to new heights with confidence.

*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, Akshardam - 1, Near Vishal Furniture, Opp. Sanpada Bypass, Morbi - 363641, Gujarat

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 Morbi eligibility calculated?

Eligibility is calculated based on various factors such as credit history, income level, bank balance, debt-to-income ratio, and location. Ensure that you have a credit score of 750 or above with all your outstanding dues cleared to get the best deals.

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

SMFG India Credit provides adaptable loan repayment solutions, enabling you to align your loan term with your financial capacity. Furthermore, they extend capital servicing support to small businesses with competitive interest rates of up to 75 lakhs*, ensuring convenience and cost-efficiency.

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

To obtain a personal loan with reduced interest rates, it is essential to uphold a credit score exceeding 750, settle outstanding debts, establish a favourable debt-to-income ratio, and carefully choose both the loan amount and repayment duration to prevent financial strain.

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