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

Situated in the dynamic scenery of Andhra Pradesh, Nellore is a city characterized by a vibrant cultural heritage, bustling markets, and a burgeoning industrial sector. Amidst this ever-evolving business landscape, local entrepreneurs and businesses striving for success recognize the crucial need for financial assistance.

Below, we will discuss the intricate nuances of obtaining business loans in Nellore, providing you with indispensable knowledge and insights to guide informed decisions for your specific business loan needs.

Features And Benefits Of Business Loans In Nellore:

Easy Access:

With transparent eligibility criteria and minimal documentation requirements, business loans in Nellore are easily acquirable.

No Collateral Required:

SMFG India Credit offers unsecured business loans in Nellore that do not require collateral, ensuring flexibility and ease in securing loans.

Financial Support:

You can secure swift and easily accessible financing of up to INR 75 lakhs* for small businesses, which can be obtained within 72 hours* of final approval.

Flexible Repayment:

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

Online Application:

You can conveniently apply for a business loan online using our user-friendly dashboard.

Customized Solutions:

You have the option to discover pre-approved offers that cater to your capital requirements and apply for a higher loan top-up.

Eligibility Criteria For Business Loans In Nellore:

  • Age: The applicant must be between 22 and 65 years old.
  • Profit and Turnover: The minimum annual turnover of the business must be INR 10 lakhs per annum, and there should also be a profit after taxes of INR 2 lakhs per annum.
  • Credit Score: To be eligible for a business loan in Nellore, the applicant must have a credit score of 750+.
  • Employment Status: The applicant must be a self-employed individual with their businesses/ a proprietor, partner, or director of existing businesses.
  • Nationality: The applicant must be a resident Indian.
  • Business Experience: Applicants for a business loan in Nellore are required to demonstrate a minimum operational history of 3 years and a track record of consistent income and profits over the last 2 years.

Eligibility for the loan can be calculated here.

Essential Documents For A Business Loan In Nellore:

To avail a business loan from SMFG India Credit, the applicant needs to submit:

Document Type


Identity Proof

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

Address Proof

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

Bank Statements

Bank Statements for the last 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, must be certified by a Chartered Accountant.

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or, if relevant, a certified copy of the Partnership Deed. A certified true copy of the Memorandum and Articles of Association, authenticated by the company director, along with the Board resolution.

Interest Rates For A Business Loan in Nellore:

SMFG Credit tailors business loans in Nellore to align with individual requirements.



Interest Rate

Interest rates will be calculated based on several factors (location, net income, business stability, collateral, and existing monthly obligations) which will remain competitive and as low as feasible.

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

Delayed EMI Payment Interest

24% per annum on outstanding overdue balances, calculated daily.

How To Apply For A Business Loan In Nellore:

Step 1: Go to SMFG India Credit's Apply Now page.

Step 2: Fill in the required details and upload all the necessary documents.

Step 3: Provide the requested personal and financial information in the application form.

Step 4: Upon entering your information, you will be promptly informed if your application will proceed to the next stage.

Step 5: Your loan application will undergo several stages of verification, including document validation and physical address verification.

Step 6: If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 7: Following approval, the loan amount will be disbursed directly to your designated bank account. An SMFG India Credit representative may contact you for additional details, depending on prevailing policies.


When in need of financial support, turn to SMFG India Credit as your foremost choice for fulfilling your requirements for a business loan in Nellore. Our services are thoughtfully crafted to ensure prompt and seamless fund disbursement, catering to a diverse range of financial needs. Additionally, the online EMI calculator provides you with the tools to compute your EMIs proactively, ensuring transparency in your repayment plan.

Let SMFG India Credit be your trustworthy companion for securing business loans in Nellore, providing speed, flexibility, and reliable financial solutions. Begin your business loan application journey with us 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

Branch Address 1

Third Floor, Door No:-26-1-891, B V Nagar, Nellore, Nellore (Dist), Andhra Pradesh - 524003

Branch Address 2

Door No:-16-1433 (Old), 16-3-235 (New), Sunshine Plaza, Ramalingapuram, Nellore - 524003, Andhra Pradesh

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 Nellore eligibility calculated?

To be eligible for a business loan in Nellore from SMFG India Credit, you need to ensure that you have a strong credit history with a credit score of 750 and above. Moreover, it is important to keep a reliable track record of clearing your outstanding debt to demonstrate responsible credit behavior and get the best loan deals.

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

SMFG India Credit provides unsecured business loans featuring flexible repayment terms and a user-friendly online application process. Borrowers can swiftly obtain loan amounts of up to INR 75 Lakhs*, often within 72 hours*, thanks to transparent and clear eligibility criteria. The added convenience of pre-approved offers and online account management enhances the overall borrowing experience.

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

Securing a lower interest rate for your business loan depends on various factors. Your location, net income, business stability, the availability of collateral, and your existing monthly financial commitments all play crucial roles in obtaining a more favorable interest rate for your business loan in Nellore.

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