Are you in need of financial assistance? Whether it's medical emergencies, consolidation of debts, expenses towards education, or home renovations, immediate financial assistance is always a blessing. Our Rs. 4 Lakhs personal loan is quick, flexible, and custom-made to meet your requirements.
With competitive interest rates and manageable EMIs, reaching your financial goals becomes more achievable. Apply for an Rs. 4 Lakhs loan with SMFG India Credit and experience a hassle-free process designed to support your financial journey.
A 4 Lakhs personal loan can serve a variety of purposes.
Medical emergencies can be unexpected and expensive. But you can secure quick funds with SMFG India Credit for any medical expenses or uninsured costs. Click here for more details.
If you're planning to buy a used car, SMFG India Credit can help you finance it with affordable interest rates and flexible tenure. Click here for more details.
Do you have multiple loans to manage? Streamline them into a manageable personal loan with SMFG India Credit's debt consolidation solution.
Fulfil your academic aspirations with an online personal loan from SMFG India Credit. Pursue skill upgrades and higher education with ease. Click here for more details.
Want to have the perfect wedding celebration or dream honeymoon? SMFG India Credit can tailor a personal loan to help you cover the expenses. Click here for more details.
Transform your home with redesigned spaces or upgraded furnishings. SMFG India Credit can conveniently fund your home renovation project with a personal loan. Click here for more details.
Here is a run-through of the 4 Lakhs personal loan EMI. You can use this as a rough estimate for planning your monthly finances wisely.
|
Type of Payment |
EMI Payable According to Tenure (Rs.) |
|||
|
2 years |
3 years |
4 years |
5 years |
|
|
EMIs |
19,017 |
13,478 |
10,731 |
9,101 |
|
Total Amount Payable |
4,56,401 |
4,85,193 |
5,15,088 |
5,46,074 |
|
Total Payable Interest |
56,401 |
85,193 |
1,15,088 |
1,46,074 |
Before you start your loan application process, assessing your eligibility can help you better plan your finances and requisite documents. To qualify for an Rs. 4 Lakhs personal loan, the criteria are listed as follows:
The acceptable age range for salaried and self-employed individuals to apply is 21 to 60 years.
The applicant must be a resident and citizen of India.
A CIBIL score of 750 and above is desirable, as it assures the lender of your creditworthiness and positive credit history.
To ensure a seamless approval process for your Rs. 4 Lakhs Personal Loan, we kindly request that you provide the following comprehensive documents:
You can demonstrate your financial stability by submitting recent salary slips, income tax returns, or bank statements that showcase your ability to repay the loan.
Verify your residence by providing valid address proof, such as utility bills or rental agreements, and ensuring accurate contact details for the loan process.
Establish your identity by submitting government-issued identification such as an Aadhaar card, Voter ID, Driver’s license, or passport.
Include copies of your PAN and Aadhaar cards to improve your application's credibility. This meets regulatory requirements and enables secure identity verification.
|
Interest Rate |
Starting at 13%* per annum |
|
Processing Fee |
Up to 5% of the total loan amount + GST |
|
Available Loan Amount |
Up to Rs. 10 Lakhs (for self-employed)* and up to Rs. 30 Lakhs* (for salaried). |
|
Tenure of Loan |
A maximum of 5 years or 60 months. |
|
Minimum EMI Per Month |
Rs. 1,138 for 5 years or 60 months |
|
Prepayment Expenses |
0-7% |
Follow these steps to secure your personal loan from SMFG India Credit:
Fill in the necessary details such as mobile number, PAN, pincode, and whether you are salaried or self-employed.
Verify the mobile number with a 6-digit OTP sent to your number.
Provide more information such as your email address, date of birth, gender, and annual household income. Please note that email ID verification is also necessary.
Provide employment specifics if you are in a salaried position.
You may submit your bank statement through Net Banking, an Account Aggregator, or by uploading the document. The details provided will be used to generate a loan offer (applicable to salaried individuals only).
Use CKYC, Offline Aadhaar XML-based KYC, or DigiLocker to complete digital verification for your identity (by taking a selfie) and submitting address details.
Enter bank account details for verification.
Successful bank account verification will take you to the 'Additional Details' section, which requires information such as the loan’s purpose.
Decide on your re-payment method, choosing between debit card or internet banking, and set up E-NACH.
Review and sign the loan agreement digitally to acknowledge the terms and conditions, confirming the process with an OTP.
Your journey toward achieving your financial objectives is made easier with these simple steps from SMFG India Credit.
With these benefits, SMFG India Credit aims not only to provide financial assistance but also to be a reliable partner committed to ensuring a hassle-free loan experience and financial well-being.
* 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.
It is possible to obtain a personal loan of up to Rs. 4 Lakhs without any collateral through unsecured loans. Lenders evaluate creditworthiness based on income, employment stability, and credit history to determine your creditworthiness.
The factors that can significantly influence the EMI on your personal loans include:
To obtain the lowest interest rate on a personal loan of Rs. 4 lakh, it is recommended to maintain a high credit score, have a stable income, and compare offers from different lenders. Negotiating the terms with the lender is also a good idea to secure the best possible interest rate based on your financial profile.
You can take our personal loan for a variety of reasons.
Wedding Expenses
Higher Studies
Exotic Vacations
Hobbies
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