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

Patna, the capital city of Bihar, is celebrated for its rich culture, bustling markets, and rapidly advancing industrial sector. Amidst this ever-changing business milieu, the necessity for financial support is paramount for local entrepreneurs and businesses striving for success.

Let’s delve into the intricacies of obtaining a business loan in Patna, furnishing you with the knowledge and insights necessary to make informed decisions concerning your business loan requirements in the city.

Features And Benefits Of Business Loans In Patna:

No Collateral Required:

SMFG India Credit's business loans are collateral-free since they’re unsecured.

Flexible Repayment:

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

Online Application:

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

Customized Solutions:

Applicants have the option to apply for a higher loan top-up based on personal requirements.

Financial Backing:

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

Eligibility Criteria For Business Loans In Patna:

  • Nationality: The applicant must be a resident Indian.
  • 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 an existing business.
  • Profits and Turnover of the Business: 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 Patna, the applicant must have a credit score of 750 or above.
  • Business Experience: Applicants for this loan are required to demonstrate a minimum operational history of 3 years and consistent income and profits over the last 2 years.

Further eligibility for the business loan can be calculated here.

Essential Documents For Business Loans In Patna:

To avail of a business loan in Patna, the applicant needs to submit the following documents mandatorily. With a minimal list of documents, SMFG India Credit has made the borrowing experience hassle-free and seamless.

Document Type


Identity Proof

Valid identity proof and PAN Card

Address Proof

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

Bank Statements

Latest Bank Statements for the last 6 months

Income Documents

Most recent two years' Income Tax Returns (ITR), 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 a certified copy of the Partnership Deed (if applicable), a certified true copy of the Memorandum and Articles of Association, authenticated by the company director, and the Board resolution.

Interest Rates For A Business Loan In Patna:

SMFG Credit customizes business loans in Patna for interest rates to suit individual profiles.



Interest Rate

The rates remain competitive and as minimal as possible based on 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 Patna:

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

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 carefully.

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.

Step 5: If eligible, a tailored loan offer with the loan amount and applicable interest rate will be provided.

Step 6: 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 Patna, turn to SMFG India Credit! Our services are expertly tailored for rapid and hassle-free fund disbursement, catering to a wide range of financial necessities. Moreover, our online EMI calculator enables you to proactively assess your EMIs, ensuring complete transparency in your repayment plan.

With a 100% online application process and flexible tenure, SMFG India Credit stands as your reliable companion when it comes to obtaining business loans in Patna, providing swift, adaptable, and dependable financial solutions. Apply for a business loan with us today!

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

Office Nos. 302,303,304 & 305, on Third Floor, Ambition Corporate Park, Boring Canal Road Patna, Bihar - 800001

Branch Address 2

Office Nos. 302,303,304 & 305, on Third Floor, Ambition Corporate Park, Boring Canal Road, Patna, Bihar -800001

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 Patna eligibility calculated?

Your business loan eligibility is calculated based on various factors. To meet the criteria for a business loan, it’s crucial to have a strong credit score of 750 and above to get your desired loan amount at the best rates and ensure that you have a good record of clearing your financial dues.

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

SMFG India Credit provides collateral-free business loans in Patna with flexible repayment terms and easy 100% online applications. Borrowers can secure up to INR 75 lakhs* swiftly, often within 24 hours*, thanks to transparent eligibility criteria. Pre-approved offers and online account management enhance and ease the borrowing experience.

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

Securing a lower interest rate for your business loan depends on various factors. Your location, net income, business stability, the existence of collateral, and your current monthly financial commitments all significantly influence your ability to obtain a more favorable interest rate for your business loan.

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