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

Vadodara is popularly known as the cultural capital of Gujarat as well as the centre of educational activities. Its diverse economy thrives on fertilisers, textiles, tools, chemicals, and agriculture. SMFG India Credit wishes to be a part of your journey for any kind of business requirement. Funding your business loan in Vadodara with SMFG India Credit is just a few steps away. You can make the most of SMFG India Credit’s business loan by enjoying a transparent and swift process. 

Advantages of SMFG India Credit Business Loan in Vadodara:

1) No Collateral

You can avail of collateral-free business loans with SMFG India Credit upto INR 75 Lakhs* depending on your eligibility. You do not need to put your professional or personal assets on the line to secure your business loan. 

2) Flexible Repayment Tenure

SMFG India Credit’s repayment tenure is flexible upto 48 months*, allowing you to get the funding you need and the convenience of repaying the loan without stressing your finances.

3) Interest Rate

We offer competitive business loan interest rates. The final interest rate offered depends on multiple factors like location, net income, business stability, collaterals, current monthly loans, etc.

4) Instant Approval

SMFG India Credit provides instant approval that allows you to plan your moves efficiently. Small business loans can also expect their approval in just 72 hours* subject to successful document verification and loan agreement execution.

5) Business Loan Eligibility Calculator

SMFG India Credit’s business loan eligibility calculator provides an estimated loan amount that you would be eligible for once you enter details like location, age, annual profit after taxes, total net monthly EMIs, rate of interest, and tenure.

6) Business Loan EMI Calculator

SMFG India Credit is happy to offer an easy-to-tool called business loan EMI calculator. It is highly useful in planning your monthly outflow. You just have to select your preferable tenure, business loan amount, interest rate. And then you will get an EMI amount. You can recalculate till you get an EMI that is within your budget.

What are the Eligibility Criteria for a Business Loan?

Business loan eligibility criteria depends on many factors like CIBIL score, age, business turnover, credit history, etc. Here are some of the basic business loan eligibility criteria:

  1. You can apply as a self-employed individual. This includes proprietors, private limited companies, and partnership firms from all fields.
  2. You need to be in the current business for a minimum duration of 3 years with a total business experience of at least 5 years.
  3. Your minimum entry age should be 22 years and the maximum age at the time of loan maturity should not exceed 65 years.
  4. Your 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 and a minimum annual income of INR 2 lakhs.
  5. You should have a CIBIL score of at least 750 with a good credit history

Documents Required for a Business Loan in Vadodara

Simple documentation at SMFG India Credit makes business loan applications a smooth experience. After screening the documents that you submit, there could be additional documents needed. On successful verification, the funds are disbursed into your registered bank account.

Basic documents required for availing of a business loan are:

  1. Identity proof and PAN
  2. Proof of Address
  3. Bank statements (past 6 months)
  4. Latest ITR with income computation, balance sheet, profit and loss account (past two years)
  5. Proof of business existence like Trade license / Establishment / Sales Tax Certificate.  
  6. Business continuity plan 

Depending on your profile and SMFG India Credit’s policy at the time of loan application, further documentation may be requested.

How to Apply for a Business Loan in Vadodara?

You can seamlessly apply for a SMFG India Credit business loan online by clicking on the “Apply now” button on this page. Select “Business loan” and provide the required information along with OTP verification of your mobile phone number. Our representatives will get in touch with you to take the process ahead. 

You are also welcome to walk into SMFG India Credit Vadodara branch and discuss your requirements.

*Terms and conditions apply. Loans at the discretion of SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)

*T&C Apply

Apply for Business Loan Calculate your EMI

* 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


First Floor, TNW Business Centre, Old Padra Road, Manisha Circle, Vadodara - 390015, 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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