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

Varanasi, also known as Kashi or Banaras, is one of the oldest continuously inhabited cities in the world and holds immense cultural and religious significance in Hinduism. Located on the banks of the Ganges River in the northern state of Uttar Pradesh, Varanasi is a spiritual hub known for its ghats, temples, and vibrant cultural traditions. The city is also known for its silk weaving, music, and classical arts, making it a center of cultural richness.

In Varanasi, a city steeped in cultural and religious heritage, the need for a business loan arises from the burgeoning economic opportunities. Entrepreneurs seek financial support to establish or expand businesses in sectors such as tourism, handloom, and handicrafts, leveraging the city's unique offerings. With a business loan, individuals can invest in infrastructure, inventory, and marketing, fostering economic growth and contributing to the vibrant commercial landscape of Varanasi.

Features And Benefits Of Business Loans In Varanasi:

A business loan in Varanasi comes with several features and benefits tailored to support the unique needs of local entrepreneurs:

Flexible Repayment Options:

In Varanasi, SMFG India Credit provides adaptable repayment plans, enabling businesses to synchronise payment schedules with their financial flow.

Financial Backing:

Swift and easily accessible financing of up to INR 75 lakhs* is available for small businesses in Varanasi, sanctioned within 72 hours* post final approval.

Customised Solutions:

Entrepreneurs in Varanasi enjoy tailored offerings, including pre-approved deals, increased loan top-up choices, and the freedom to select repayment tenures.

Rapid Loan Authorization:

Speedy loan approval within 72 hours* ensures entrepreneurs in Varanasi can seize crucial opportunities and expand their enterprises promptly.

Efficient Access and Simplicity:

Our small business loans in Varanasi are accessible in just 72 hours* with transparent eligibility criteria and minimal documentation.

Eligibility Criteria For Business Loans In Varanasi:

  • Who Can Apply: Anyone in India running a business, be it self-employed, a business owner, partner, or company director.
  • Who is Eligible: Indian residents aged between 22 and 65 with businesses making at least INR 10 lakhs in turnover yearly.
  • Financial Requirements: Your business needs to show a profit of INR 2 lakhs annually for stability.
  • Business Experience: Your business should have been running for at least 3 years, demonstrating stability, experience, and consistent income for the past 2 years.
  • Credit Score: Your credit score should be 750 or higher for eligibility.

Documents Required For Business Loan In Varanasi:

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



Recent photograph

A recent passport-sized photograph of the applicant

Valid Identity Proof

Acceptable options include PAN card or Driving Licence or Aadhaar card

Valid Address Proof

Options include documents like an electricity bill or Passport

Bank statements

Statements reflecting your business's financial transactions

GST or ITR documents

Proof of your business's Goods and Services Tax (GST) registration or Income Tax Returns

Income proofs

Documents that validate your business's income

Proof of Business existence

Documents like Certificate of Incorporation that establish your business's existence

Interest Rates For A Business Loan In Varanasi:

SMFG India Credit tailors business loans in Varanasi 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 Varanasi:

To apply for a business loan in Varanasi with SMFG India Credit, follow these simple steps:

Step 1. Visit the Official Website: Go to the official website of SMFG India Credit to initiate the application process.

Step 2. Navigate to the Application Section: Look for the "Apply Now" or "Business Loan" section on the website.

Step 3. Complete the Online Application Form: Fill in the required details in the online application form accurately. Provide information about your business, financials, and personal details.

Step 4. Upload Necessary Documents: Attach the necessary documents, including recent photographs, valid identity proof, address proof, bank statements, GST or ITR documents, income proofs, and proof of business existence.

Step 5. Submit the Application: Once you have filled in the details and attached the required documents, submit the application.

Step 6. Verification Process: The SMFG India Credit team will verify the provided information and documents to authenticate your request.

Step 7. Receive Customised Loan Offer: Upon successful verification, you will receive a personalised loan plan detailing the terms and conditions of the loan.

Step 8. Loan Disbursement: After approval from the lending institution, the loan amount will be credited to your designated bank account.

SMFG India Credit ensures a hassle-free and efficient online application process for business loans in Varanasi, supporting local entrepreneurs in their financial endeavours.


Choosing SMFG India Credit for a business loan in Varanasi is a smart decision owing to its seamless application process, competitive interest rates, and customer-friendly terms. With loan amounts of up to INR 75 lakhs*, flexible repayment options, and quick approvals, SMFG India Credit prioritises the financial needs of businesses. The transparent and customer-centric approach makes it a reliable choice for entrepreneurs seeking timely financial support for business growth in Varanasi.

*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

Third Floor (Rear Portion), D-48/141A & part of D48/142, Ishwar Tower, Mohalla Misir Pokhra, Gadauliya Varanasi, Uttar Pradesh-221001

Branch Address 2

First & Second Floor, Birbhanpur, Near Krishi Sansar Bhawan, Raja Talab, Dist:-Varanasi - 221311

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 for a business loan in Varanasi determined?

Your eligibility for a business loan in Varanasi is computed based on factors like location, income, bank balance, debt-to-income ratio, and credit history. Maintaining a credit score of 750 or higher and settling debts improves your eligibility.

What are the benefits of applying for an online business loan in Varanasi?

SMFG India Credit offers business loans up to INR 75 lakhs* at competitive rates, ensuring cost-effective capital for local businesses in Varanasi. Transparent eligibility criteria and minimal documentation facilitate quick financial assistance tailored to your business needs.

How can I secure a lower interest rate on my business loan in Varanasi?

Opting for debt refinancing is a strategic move to reduce loan interest rates and alleviate financial pressures. If your business's financial health has improved since taking the initial high-interest loans, consolidating debts into a single loan may result in a lower interest rate, simplifying repayments and improving financial stability.

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