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

Panipat, situated in Haryana, is a city renowned for its historical significance, vibrant markets, and growing industrial sector. In this dynamic business environment, the demand for financial assistance is crucial for local entrepreneurs and businesses striving for success. This exploration serves as your gateway to the realm of business loans in Panipat, providing you with the knowledge and insights necessary to make informed decisions regarding your financial needs.

Features And Benefits Of Business Loans In Panipat:

No Collateral Required:

SMFG India Credit's business loans are unsecured, meaning that no collateral is required to secure this loan.

Flexible Repayment:

Business loans in Panipat offer flexible repayment terms, allowing businesses to align payment schedules with cash flow.

Online Application:

The application for a business loan can be easily made online through the user-friendly and robust dashboard.

Financial Backing:

You can secure swift and easily accessible financing of up to INR 75 lakhs* for small businesses, which can be obtained within 24 hours* thanks to the transparent eligibility criteria and minimal documentation requirements after final approval.

Customized Solutions:

You can explore pre-approved offers to meet your capital needs and request a higher loan top-up with a flexible repayment tenure of up to 48 months* to match your preferences.

Eligibility Criteria For Business Loans In Panipat:

  • Age: The applicant must be between 22 and 65 years old.
  • Employment Status: The applicant must be a self-employed individual with their own business/ a proprietor, partner, or director of existing businesses.
  • Nationality: The applicant must be a resident Indian.
  • Credit Score: To be eligible for a business loan in Panipat, the applicant must have a credit score of 750 or above.
  • Turnover And Profits Of The Business: The minimum annual turnover of the business must be INR 10 lakhs per annum and have a profit after taxes of INR 2 lakhs per annum.
  • Business Experience: Applicants 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.

Documents For Business Loan In Panipat:

To avail of a business loan in Panipat, the applicant needs to submit the following required documents:

Document Type


Identity Proof

Valid identity proof and PAN Card

Address Proof

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

Bank Statements

Bank Statements for the past 6 months

Income Documents

Recent two years' Income Tax Returns (ITR), along with the income computation, balance sheet, and profit and loss account for those same two years, following the necessary certification by a Chartered Accountant.

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or the Partnership Deed, copy of the Memorandum and Articles of Association, authenticated by the company director, and Board resolution.

Interest Rates For A Business Loan In Panipat:

SMFG Credit tailors business loans in Panipat with interest rates that are personalized to individual profiles.



Interest Rate

The most minimum and competitive interest rates will be calculated based on several factors, such as 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

Delayed EMI Payment Interest

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

How To Apply For A Business Loan In Panipat:

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

Step 2: Provide the requested personal and financial information in the application form.

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 additional details. 


When you find yourself in need of financial assistance, SMFG India Credit is your premier choice for meeting your business loan requirements in Panipat. Our services are designed for swift and hassle-free fund disbursement, addressing a diverse spectrum of financial needs. Furthermore, our online EMI calculator enables you to proactively calculate your EMIs, ensuring transparency in your repayment plan.

To sum up, SMFG India Credit is your reliable partner for securing business loans in Panipat, delivering prompt, flexible, and trustworthy financial solutions. Submit your business loan application with us today!

Apply for Business Loan

Contact Us


SCO-20, First Floor, Sect-25, Transport Nagar, Panipat-132103, Haryana

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).


How is my business loan in Panipat eligibility calculated?

Your business loan eligibility is calculated based on your overall credit history, with a strong credit score of 750 and above ensuring all your financial dues are cleared on time.

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

SMFG India Credit offers unsecured business loans featuring adaptable repayment terms and a seamless online application process. The borrowing experience is further enhanced with pre-approved offers and convenient online account management. Borrowers can swiftly access loan amounts of up to INR 75 lakh*, typically within 24 hours*, owing to transparent eligibility criteria.

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

Factors such as 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 interest rate for your business loan in Panipat.

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