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

Vapi is an industrial city located in the Valsad district of Gujarat, India. Positioned on the banks of the Damanganga River, Vapi is a prominent industrial centre known for its chemical, pharmaceutical, and textile industries. The city plays a crucial role in Gujarat's economic landscape, contributing significantly to the state's industrial growth. With a strategic location near the Gujarat-Maharashtra border and efficient transportation infrastructure, Vapi has become a hub for manufacturing and trade activities.

In Vapi, a burgeoning industrial city with a thriving business landscape, entrepreneurs often seek business loans to fuel growth, invest in technology, expand operations, and address working capital needs. With diverse industries, including chemicals, pharmaceuticals, and textiles, the demand for financial support through business loans in Vapi is driven by the dynamic and competitive nature of the business environment, where access to capital can be instrumental in sustaining and enhancing enterprises.

Features And Benefits Of Business Loans In Vapi:

Availing a business loan in Vapi comes with several features and benefits tailored to support the unique needs of local entrepreneurs:

No Collateral Required:

SMFG India Credit's business loans in Vapi are unsecured, eliminating the need for collateral and ensuring easy access to financial support.

Repayment Flexibility:

SMFG India Credit provides adaptable repayment terms, allowing businesses to synchronise payment schedules with their cash flow.

Online Application:

Applying for a business loan in Vapi is convenient with the user-friendly online dashboard.

Swift Financial Assistance:

Entrepreneurs can quickly secure financing of up to INR 75 lakhs* within 72 hours* of final approval.

Tailored Solutions:

Vapi businesses can opt for a higher loan top-up and choose a repayment period of up to 48 months, tailoring solutions to their specific needs.

Eligibility Criteria For Business Loans In Vapi:

  • Qualification Criteria: Those who are self-employed, business proprietors, partners, or directors of established enterprises are eligible to apply.
  • Citizenship: Applicants should be citizens of India.
  • Age Range: Candidates must fall within the age bracket of 22 to 65 years.
  • Business Turnover: The business should demonstrate a minimum annual turnover of INR 10 lakhs.
  • Financial Stability: It requires a profit after taxes of INR 2 lakhs per annum, indicating financial stability.
  • Business Experience: The business should have a minimum operational history of 3 years, illustrating stability, experience, and consistent income over the past 2 years.
  • Creditworthiness: Applicants should have a CIBIL score of 750 or higher.

Documents Required For Business Loan In Vapi:

Here is a summary of the essential list of documents required for your convenience:

Document Type


Identity Proof

Valid identity proof and PAN Card

Address Proof

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

Bank Statements

Bank Statements for the past 6 months

Income Documents

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

Interest Rates For A Business Loan In Vapi:

SMFG India Credit tailors business loans in Vapi by assessing applicants' credit scores, business turnovers, and financial backgrounds and offering competitive interest rates.



Interest Rate

The interest rates, determined by factors like location, net income, business stability, collateral, and existing monthly obligations, are the lowest and most competitive.

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 Business Loans In Vapi:

To commence a business loan application in Vapi through SMFG India Credit, follow these straightforward steps:

Step 1. Online Application: Begin by visiting the official SMFG India Credit website and clicking on the "Apply Now" button in the business loan section.

Step 2. Application Form: Fill in the required details accurately in the online application form, providing essential information about your business, financials, and personal details.

Step 3. Document Submission: Upload necessary documents, including recent photographs, valid identity proof (PAN card or Driving Licence), valid address proof (electricity bill or Passport), bank statements, GST or ITR documents, income proofs, and proof of business existence (Certificate of Incorporation).

Step 4. Verification Process: After submission, SMFG India Credit's executive team will verify the details and authenticate your application.

Step 5. Customised Loan Offer: Upon successful verification, receive a personalised loan plan detailing terms, interest rates, and repayment options tailored to your business.

Step 6. Loan Disbursement: Following approval, the loan amount will be disbursed to your designated bank account.

SMFG India Credit ensures a smooth and effective business loan application process in Vapi, ensuring timely financial support for your business expansion.


In conclusion, choosing SMFG India Credit for your business loan needs in Vapi is a decision backed by multiple benefits. With a commitment to no collateral requirements, flexible repayment options, and swift access to substantial financial support, SMFG India Credit stands as a reliable partner in your business growth journey. Our online application process and customised solutions ensure a hassle-free experience, making SMFG India Credit the ideal choice for businesses in Vapi looking to thrive and prosper.

*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


First Floor, Shop No.FB/07 & FB/08, B Building, Solitaire Business Centre, Vapi, District - Valsad, Gujarat - 396195

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 eligibility assessed for a business loan in Vapi?

The assessment of your eligibility for a business loan in Vapi considers factors like location, income, bank balance, debt-to-income ratio, and credit history. Maintaining a credit score of 750 or higher and settling outstanding debts enhances eligibility.

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

SMFG India Credit provides competitive interest rates on business loans up to INR 75 lakhs*, ensuring cost-effective capital for local Vapi businesses. Transparent eligibility criteria and a simplified documentation process ensure quick financial assistance tailored to your business needs.

How can I secure a reduced interest rate on my Vapi business loan?

Strategically opting for debt refinancing can help reduce loan interest rates and alleviate financial pressures. If your business's financial health has improved since obtaining the initial high-interest loans, consolidating debts into a single loan may result in a reduced interest rate, simplifying repayments and enhancing financial stability.

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