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

Pondicherry is the beautiful capital city of the Union Territory of Puducherry in India. It is famous for its colonial structures, pristine beaches, and spiritual havens. It has a diverse culture, bustling markets, and a rapidly advancing industrial sector. Within this ever-evolving business environment, the imperative need for financial support becomes crucial for local entrepreneurs and businesses striving to prosper. We aim to offer a thorough overview of the scenario of business loans in Pondicherry, providing you with the knowledge and insights essential for making informed decisions regarding your business loan needs in the city.

Features And Benefits Of Business Loans In Pondicherry:

No Collateral Required:

SMFG India Credit's business loans are collateral-free.

Financial Backing:

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

Flexible Tenure:

SMFG India Credit offers flexible tenure, allowing businesses to align payment schedules with cash flow to ensure financial ease and stability.

Online Application:

The application for a business loan in Pondicherry 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.

Eligibility Criteria For Business Loans In Pondicherry:

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

Essential Documents For Business Loans In Pondicherry:

To avail of a business loan in Pondicherry, the applicant must 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

Provide the Income Tax Returns (ITR) for the last two years, accompanied by the income computation, balance sheet, and profit and loss account for the corresponding periods, duly certified by a Chartered Accountant.

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or, if applicable, a certified copy of the Partnership Deed. Additionally, furnish a certified true copy of the Memorandum and Articles of Association, duly authenticated by the company director, along with the requisite Board resolution.

Interest Rates For A Business Loan In Pondicherry:

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



Interest Rate

Location, net income, business stability, collateral, and existing monthly obligations are some factors that are considered to keep the rates competitive and as minimal as possible.

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 Pondicherry:

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

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.

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 further details.


When seeking a business loan in Pondicherry, rely on SMFG India Credit, your ultimate destination for fulfilling business loan requirements. Our services are meticulously crafted for swift and trouble-free fund disbursement, addressing a diverse range of financial needs. Additionally, our online EMI calculator empowers you to proactively assess your EMIs, guaranteeing transparency in your repayment plan. In conclusion, SMFG India Credit is your dependable partner for obtaining business loans in Pondicherry, offering swift, adaptable, and reliable financial solutions. Calculate your eligibility and apply for a business loan 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


Ground Floor, 47, S.V. Patel Salai, Pondicherry - 605 001

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 Pondicherry eligibility calculated?

Your business loan eligibility is calculated based on factors like your credit score, credit utilisation ratio, income level, etc. 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 clean record of clearing your financial dues.

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

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

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

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 advantageous interest rate for your business loan.

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