Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
Get a Rs. 3 Lakh Personal Loan
Need a Rs. 3 lakh personal loan instantly? SMFG India Credit offers easy-to-get personal loans that can help to fund emergency needs or any big-ticket expenses such as higher education for your children, a wedding or even a luxury vacation. A Rs. 3 lakh loan from SMFG India Credit is the perfect financing option that can be availed at minimal documentation.
Before you make your application for a Rs. 3 lakh personal loan from SMFG India Credit, ensure that you have checked your personal loan eligibility. General parameters include:
You can use the personal loan calculator available on the SMFG India Credit website to assess your eligibility for your Rs. 3 lakh loan.
The documents required for a personal loan to be approved are:
Below is an overview of the fees and charges you can expect when availing a personal loan of Rs. 3 Lakhs from SMFG India Credit:
Fees & Charges |
Amount Chargeable |
Personal Loan Interest Rate |
Starting at 13%* per annum |
Processing Fee |
Up to 5% of the total loan amount + GST |
Late Payment Charges |
Up to 3% per month (36% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment. |
Cheque/ECS/NACH Dishonoured Charges (per dishonour of cheque/ECS/NACH per presentation) |
Rs. 300 to 1000 |
Loan Cancellation Charges (loan cancelled before first EMI) |
Rs. 1000 - 2500 |
Loan Tenure |
Up to 60 months |
The EMI for Rs. 3 lakhs personal loan for different loan tenures at 13% rate of interest are - 1 year- ₹ 26,795, 2 year- ₹ 14,263, 3 year- ₹ 10,108, 4 year- ₹ 8,048, and 5 year- ₹6,826. Using our online personal loan EMI calculator, you can now calculate EMI accurately for loan tenure other than the loan tenures discussed here.
Loan Amount (Rs) |
Interest Rate (p.a.) |
Tenure (years) |
EMI (Rs) |
Rs. 3 Lakhs |
13% |
1 |
26,795 |
2 |
14,263 |
||
3 |
10,108 |
||
4 |
8,048 |
||
5 |
6,826 |
Disclaimer: These are approximate EMI calculations, actual numbers may vary.
A Rs. 3 lakh personal loan can be the ideal financial solution when you need quick access to funds without the hassle of collateral. Here are some key reasons why it could be the right choice for you:
Here’s what makes an SMFG India Credit personal loan of Rs. 3 lakh an attractive option:
To initiate a personal loan application at SMFG India Credit, follow these directives:
Provide your mobile number, PAN, pincode, and employment type (salaried or self-employed).
Complete the mobile number verification using a 6-digit OTP.
Fill in your email address, date of birth, gender, and annual household income information. Ensure email ID verification.
Submit detailed employment data if you're a salaried employee.
You can share your bank statement through Net Banking, an Account Aggregator, or by uploading it. The details you provide will be used to generate a loan offer (applicable only to salaried individuals).
Perform the digital identity verification steps and share address particulars through CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. Please note that taking a selfie is necessary for completing identity verification.
Enter your bank account information for our verification.
Once your bank account is verified, you will be prompted to add more details in the 'Additional Details' section, including marital status, loan purpose, father's name, and mother's maiden name.
Select a re-payment method, opting for either a debit card or internet banking and complete the E-NACH process.
Carefully review and digitally sign the loan agreement, validating it with an OTP.
Following these simple steps will aid you in reaching your financial objectives with a personal loan from SMFG India Credit.
A Rs. 3 lakh personal loan can be the bridge to achieving your financial goals without dipping into your savings or emergency fund. From urgent expenses or investing in a minor home renovation project to planning for personal milestones, SMFG India Credit provides tailored personal solutions with minimal documentation, competitive interest rates, and no hidden costs.
If you have more questions on how to get your Rs. 3 lakh personal loan sanctioned, simply call the customer service team on our toll-free number (1800 103 6001) or email us at .
* 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.
For salaried applicants, a minimum monthly income of Rs. 25,000 is required in metro cities (Mumbai, Delhi) and Rs. 20,000 in other cities.
Indian residents aged 22-65 years (salaried) or 25-65 years (self-employed) with a stable income and a minimum CIBIL score of 750 can apply for a Rs. 3 lakh personal loan. You can find the detailed eligibility criteria here.
Aadhaar card is an important document that helps verify your identity and address. However, other documents are also required for a comprehensive verification process.
The maximum repayment tenure for a Rs. 3 lakh personal loan is 60 months or 5 years.
When you apply for a Rs. 3 lakh loan, you'll receive a decision within minutes of submission. The exact processing time may vary based on your eligibility, the accuracy of your documents, and our policies at the time of application. Please note that offline applications may take longer to process.
A hard enquiry during the application may temporarily lower your credit score. However, timely repayments can improve your score in the long term.