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

Surat, the Silk city of India, is a giant commercial center for textiles. It is one of the fastest growing cities and is turning into the textile hub of our country, thereby giving rise to abundant business loan opportunities. SMFG India Credit is happy to be your business loan provider in Surat. SMFG India Credit provides eligible applicants the funds required to fulfill their business objectives. We provide among the best offers for small business loans in Surat. SMFG India Credit business loans in Surat upto INR 75 Lakhs* are completely collateral free*. 

Features of SMFG India Credit Business Loan in Surat

Depending on your eligibility, you can take an unsecured business loan up to INR 75 Lakhs*. This can help you in fulfilling your business plans easily. Repayment tenure is flexible upto 48 months*. Our Business loan interest rates are lowest as compared to others. The final interest rate offered will depend on various factors like location, net income, business stability, current monthly loans, credit history, etc. as well as our policy at the time of loan application. 

1. Quick Approval

SMFG India Credit provides quick approvals to eligible applicants of business loans. Small business loans can be disbursed within 72 hours* of final approval. Speedy processing lets you plan your subsequent steps efficiently.

2. Online Application

Online application is an efficient way to apply for a loan with SMFG India Credit. The other option is to walk into SMFG India Credit Surat branch and complete the process guided by our representatives.

3. Business Loan Eligibility Calculator

SMFG India Credit provides an easy-to-use tool called business loan eligibility calculator. This can provide an estimated loan amount that you would be eligible for. All you need to do is to enter basic details such as your location, age, annual profit after taxes, and your total net monthly EMIs. You can key in details like interest rate and tenure. This will immediately give you an estimate of the maximum loan amount you can get. Please note that your eligibility will depend on a number of other factors, including SMFG India Credit’s policy at the time of loan application. You can reset the values on the calculator and repeat the process till you get a comfortable amount. If you need a higher amount, consider paying off existing debts before applying, or apply for a business loan against property instead.

4. Business Loan EMI Calculator

SMFG India Credit offers an easy-to-use tool. It is the EMI calculator. It helps you in planning your future expenses. You can select an optimal tenure for a given loan amount and interest rate to arrive at an EMI amount that is within your budget. If you require a smaller EMI amount, consider taking a secured business loan by pledging your property as collateral. This will allow you to enjoy a repayment period of upto 15 years, thereby enabling easy EMI options.

5. Business Loan Eligibility Criteria

SMFG India Credit provides business loans in Surat for self-employed individuals. You are eligible to apply as proprietors, private limited companies, and partnership firms. There are other business loan eligibility criteria applicable. For the loans that are being applied for at an individual level, it is required that you are in your current business for at least a duration of 3 years. Your total business experience should be at least 5 years. The minimum entry age is 22 years and the maximum age at the time of maturity should not exceed 65 years. However, if you are self employed with an enterprise, the enterprise should be in a profit-making business for the past 2 years and this should be having a minimum turnover of INR 10 lakhs with an annual income of at least INR 2 lakhs. The final eligibility amount will further depend on several other factors, including CIBIL score, credit history, etc.

6. Documents Required for Business Loan in Surat

Easy documentation list at SMFG India Credit makes it an enjoyable experience for you. Documents to be submitted are identity proof (PAN card), proof of address, bank statements (past 6 months), latest ITR with income computation, balance sheet, profit and loss account (past two years), and proof of business existence like Trade license / Establishment / Sales Tax Certificate / GST Certificate (if applicable). After proper verification, the loan will get disbursed into your registered bank account.

*Terms and conditions apply. Loans are at the discretion of SMFG India Credit and its policies at the time of loan application.

*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


Second Floor, Shanti Point, Parag House, Above Kotak Mahindra Bank, Ring Road, Udhna Darwaja, Surat -395002, 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).

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