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

Business Loan Interest Rates

Borrowing for your business is always a positive step that can help you move faster. Our customised business loan interest rates and fees are tailored to suit every customer as per his or her individual profile and requirement. Thus, no matter what your need is – working capital, purchase of new machinery, business expansion or debt consolidation, our affordable solutions will ensure that you can meet your business loan requirements in the easiest and most convenient manner.

SMFG India Credit offers affordable Business Loans solutions. Upon receiving your application, you will firstly be evaluated for eligibility as per our policy at the time of loan application based on the information you provide us. If deemed eligible, our representative will get in touch with you to understand your requirements in detail and set up an appointment for document collection. Depending on what you require, your credit score, business turnover and other financials, we will arrive at the best possible business loan interest rates that can be offered to you. 

Read on to know more about our business loan interest rates and other charges. 

To know more, please feel free to get in touch with us through our customer care centre, or visiting us at your nearest SMFG India Credit branch. 

SMFG India Credit Business Loan Interest Rates

Interest Rate Minimal and competitive interest rates (depending on several factors including location, net income, business stability, collaterals, existing monthly obligations, etc.)
Loan Amount Up to Rs. 75 Lakhs*
Loan Tenure upto 48 months*
Proceeding Fees Up to 6.5% of the Loan Amount
Customer Type Proprietor / LLP/ Pvt Ltd / Partnership / Public Ltd

Business Loans Fees & Charges

Here’s a table of Fees and Charges for SMFG India Credit Business Loans to help you understand the same in detail

Fee Type Applicable Charges
Delayed EMI Payment Interest
( per month of delay, every month)
As stated under additional interest charge**
Collection of Cheque/Cash
(per collection)
Cheque /ECS dishonoured Charges
(per dishonour of cheque/ECS per presentation)
Swap Charges- for replacement of Post-dated cheques to ECS
(per instance)
Swap Charges- for replacement of ECS to ECS
(per instance)
Loan Cancellation charges
(loan cancelled before first EMI)
No. of EMIs paid (Excluding Pre-EMI) Foreclosure Charges
0 to 17 EMI(s) fully paid 7% of the Principal Outstanding
18 to 23 EMI(s) fully paid 5% of the Principal Outstanding
24 to 35 EMI(s) fully paid 3% of the Principal Outstanding
36 or more EMI(s) fully paid No Foreclosure Fee
**Additional Interest (applicable for payment defaults): Rate
For all loans 24% per annum on outstanding balance which is overdue, calculated on day to day basis

*Terms and Conditions apply

Page also available inहिन्दी - Hindi

Business Loan EMI Calculator

Use our business loan EMI calculator to estimate the EMI of your loan.

12 Months48 Months

Your Calculated EMI*


Disclaimer The above calculator with graph & below table provide an approximate calculation of the EMI ( Equ... Read More


Can I Get a Business Loan with a 750 Credit Score?

Yes, you can get a business loan with a credit score of 750. There are many other factors like tax payment record, bank balance, credit utilization ratio, etc that we consider to determine your eligibility for business loan. However, your credit score is a crucial factor in determining your business loan eligibility. It is extremely important to ensure a healthy CIBIL score. You can aim at the best business loan interest rates and special offers (if any) with a credit score 750. Business owners with a low credit score may have a tougher time securing the loans they want.

What is the Processing Fee for Business Loans?

The processing fee that you pay in a business loan is anywhere up to 6.5% of the loan amount. Here are a few of the additional charges for a SMFG India Credit business loan:

  1. INR 300 related to dishonouring of cheque or ECS dishonouring. 
  2. Swap charges for replacement of post-dated cheques to ECS are INR 500.  
  3. Loan cancellation charges are INR 1,000. 
  4. There are additional charges for payment default at the rate of 24% per annum on outstanding balance which is overdue that is calculated on a day to day basis. 
  5. Further, there are foreclosure charges applicable. Please scroll down or visit the Loan charges page to know more. 

Is it Difficult to Get a Business Loan?

If you have a healthy credit score, match the business loan eligibility criteria, and submit all the requisite documents as per our requirements, it isn’t difficult to get a business loan. You can apply online and seamlessly get your loan. 

Here are some instances where getting a business loan may prove difficult:  

  1. Low credit score/rating 
  2. Payment defaults in the past 
  3. Weak business cash flow 
  4. Poor business plan 
  5. Multiple loan applications 
  6. Lack of documentation 
  7. Poor tax payment record
  8. You have insufficient business experience and / or you need the funds to start a new business from scratch

What is the Minimum and Maximum Business Loan Tenor That Can Be Given?

The minimum business loan tenor you can get is 12 months. And the maximum business loan tenor you can get is 60 months. SMFG India Credit’s secured business loans (which are usually secured against property) have a repayment tenure between 12 to 180 months.

What are the Pre-Closure / Foreclosure Charges for Business Loans?

There is a foreclosure charge of 7% if you foreclose the loan between 7-17 fully paid EMIs, 5% charge between 18 and 23 fully paid EMIs, and 3% charge between 24 and 35 fully paid EMIs.

How can I calculate my business loan interest?

To calculate your business loan interest, you can use the formula: Interest Amount = (Principal Amount x Interest Rate x Loan Tenure) / 100. Alternatively, you can use an online business loan EMI calculator provided by SMFG India Credit.

What are the factors that affect my business loan interest rate?

Several factors affect the business loan interest rate, including your good credit score, business's financial health, loan amount, loan tenure, market conditions, and the type of loan.

Is the business loan interest rate fixed or floating?

The business loan interest rate is fixed, meaning it remains constant throughout the loan tenure. Borrowers can plan their finances more accurately as the EMIs remain unchanged, providing stability in repayment.

Read MoreRead Less

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

Knowledge Center

Here are some articles which could help you understand us and our products better.

Have a Query? Read FAQs
Udyam Registration Certificate - How to get it Online?
Business Loan

Udyam Registration Certificate - How to get it Online?

Today, the Indian government classifies any micro, small, or medium enterprise (MSMEs) as 'Udyam…

What Is An E Mandate - How Does It Work?
Business Loan

What Is An E Mandate - How Does It Work?

An e-mandate, short for "electronic mandate," is a digital authorization…

What is the Impact of MSME on the Indian Economy
Business Loan

What is the Impact of MSME on the Indian Economy

The impact of MSME on the Indian economy cannot be emphasized enough. Today’s youth need not…


How can we help?


Get in Touch

Have a query? You can contact us through any of the channels listed below.

Toll Free Number
1800 103 6001 Timings: 9:00 AM to 7:00 PM (Monday to Saturday excluding public holidays & fourth Saturday of every month).