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

Rajkot, located in the western part of India in Gujarat, is celebrated for its rich cultural heritage, historical significance, and scenic landscapes. From its cultural events to ancient landmarks and sprawling agricultural fields, Rajkot presents a diverse array of experiences. Below, we explore the economic dynamics of the city, unravelling the concept of business loans in Rajkot. We aim to furnish you with a comprehensive understanding, empowering your financial decisions within the dynamic business landscape of Rajkot.

Features And Benefits Of Business Loans In Rajkot:

Capital Support:

You can secure swift and accessible financing of up to INR 75 lakh* for small businesses, which are dispersed within 72 hours* after final approval.

Tailored Solutions:

Explore customized pre-approved offers to meet your specific business loan needs and request a higher loan top-up with a flexible repayment tenure of up to 48 months*.

No Collateral Required:

SMFG India Credit's business loans are unsecured, eliminating the need for collateral.

Flexible Repayment Tenure:

Business loans in Rajkot feature adaptable repayment terms, enabling businesses to adjust their payment schedules with their cash flow.

Online Application:

The application for a business loan in Rajkot can be easily done online through the user-friendly and robust dashboard. You can conveniently manage your business loan account anywhere and on any device.

Eligibility Criteria For Business Loans In Rajkot:

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

Based on the applicant’s profile and policy, there may be some other eligibility criteria.

Documents For Business Loan In Rajkot:

For a business loan in Rajkot, the applicant needs to submit the following documents compulsorily:

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

Income Tax Returns (ITR) for the most recent two years, accompanied by the income computation, balance sheet, and profit and loss account for the corresponding periods, must be duly 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 Rajkot:

SMFG Credit customizes business loans in Rajkot for interest rates to suit individual profiles:



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

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 Rajkot:

Below are the quick steps to apply for a business loan in Rajkot:

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

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 bank account.

Please note that an SMFG India Credit representative may contact you for additional details, depending on prevailing policies.


When in need of financial support for your business ventures in Rajkot, SMFG India Credit stands as the optimal solution. Our business loans are tailored to address a variety of financial needs. With transparent processes and a customer-first approach, let SMFG India Credit be your reliable partner for business loans in Rajkot, providing prompt, flexible, and trustworthy financial support. Take the first step by applying for your business loan 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

First & Second Floor, Above Ishvariya Amul Parlour, Near HDFC Bank, Ishvariya Main Road, Rajkot - 360006, Gujarat

Branch Address 2

Office No. 319,320,321,322, The city Center, 3rd Floor, Raiya Road, Rajkot - 360007, 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 Rajkot eligibility calculated?

Meeting the general eligibility criteria and having a credit score of 750 and above with all your outstanding dues cleared on time will ensure that you avail of the best deals. Numerous factors, including your credit history, income level, and overall financial standing, determine the eligibility criteria.

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

SMFG India Credit provides unsecured business loans featuring adaptable repayment terms and a user-friendly online application process. With transparent eligibility criteria, borrowers can swiftly secure loan amounts of up to INR 75 lakhs*. 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 Rajkot?

Securing a lower interest rate for your business loan in Rajkot depends on several key factors. Your geographic location, net income, business stability, collateral availability, and current monthly financial obligations all play crucial roles in determining whether you can secure a more favorable interest rate for your business loan.

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