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

In reality, to get a personal loan in 5 minutes the best you can do is ask a friend or family member to lend you some cash or use an electronic service to transfer the money. Fortunately, some lending institutions like SMFG India Credit offer funding within a time-frame of as soon as 30 minutes* after approval.

To make the entire process faster and more efficient, the procedure of application is completely managed on an online platform. You can apply for a personal loan in just a few clicks.

Eligibility Criteria

The loan amount can be worked out only after you pass the requirement criteria

Factors affecting the eligibility are:

  • Age: 21 to 65 years; salaried, self-employed, or entrepreneurs
  • Minimum monthly income: Rs. 25,000 for Delhi and Mumbai residents and Rs. 20,000 for the rest of India.
  • CIBIL score: More than or equal to 750
  • EMI: Not more than 60%-70% of the monthly income

You can use this Personal Loan Eligibility Calculator to assist you further. A personal loan eligibility calculator is a tool that is used to help potential borrowers determine how much they may be able to borrow based on their individual financial situation. The calculator typically takes into account factors such as the borrower's age, income, current debt payments, and desired loan terms to give an estimate of the maximum loan amount they may be eligible for. This can help borrowers understand their borrowing options and make more informed decisions about their finances. The SMFG India Credit personal loan eligibility calculator is available online and can be used for free.

It is important to note that this calculator only shows you an estimate of the loan amount you may qualify for. Your exact qualification for the loan amount is determined on the basis of several other factors like account information, employment history, and so on.

Instant Loan Interest Rates & Charges

The interest rate for your loan is determined by factors such as your CIBIL score, eligibility, and the loan amount. We ensure transparency by not imposing hidden charges, and if you choose to foreclose the loan using your funds, we waive foreclosure charges. There are no hidden charges.

Personal Loan Interest Rate

11.99%* p.a. onwards

Loan Amount

Rs. 50,000 to Rs. 25 Lakhs*

Loan Processing Fees

Up to 3% of the loan amount

Lowest Loan EMI

Rs. 111,2 per Lakh for 60 months

Loan Tenure

12 to 60 months

Documents Required for Instant Personal Loan Online

There are some documents which are necessary for an Instant Loan through our online application process. It requires only soft copies with minimal documentation. Submit the following documents through our streamlined application process:

  1. KYC Documents: Provide any of the following - PAN Card, Aadhaar Card.
  2. Address Proof: Submit a current proof of address, which can include a Passport, utility bills, rent agreement, or other valid documentation.
  3. Account statements for the past six months.
  4. For salaried individuals: Income tax returns or form 16 and salary slips for the past three months.
  5. For self-employed individuals: Balance sheet, profit and loss account, income computation for the past 2 years.

Features & Benefits of Instant Personal Loan

Our quick personal loans come with specialized features that make your loan journey hassle-free and easy. Some benefits include:

  • Zero Hidden Charges
  • Easy Process
  • Quick Approval
  • No Usage Restrictions
  • Low Documentation Requirements
  • Unsecured
  • Repayment Tenure is flexible

How To Apply for Instant Personal Loan?

Follow these steps to apply for a personal loan from SMFG India Credit:

  1. Use this link to start the loan application.
  2. Enter key details such as mobile number, PAN, pincode, and employment status.
  3. Authenticate your mobile number via OTP. You will also be required to verify your email ID.
  4. Provide details like email address, date of birth, gender, and financial background.
  5. Review the loan terms, including repayment schedules, loan amount, and fees. Once you are satisfied, confirm acceptance. An option to choose an increased loan amount will be provided.
  6. Salaried individuals will need to provide their employment information.
  7. Proceed with digital identity and address verifications through CKYC, OKYC, DigiLocker.
  8. Input bank information which will be verified by us. Upon verification, you will be asked to give some extra particulars in the ‘Additional Details’ section.
  9. Choose a payment method from debit card or internet banking and set up eNACH.
  10. Review and digitally sign the loan agreement, confirming with an OTP.

Your financial objectives are brought within closer reach with these simple steps.


In a nutshell, this is the pathway to obtaining a personal loan:

Check Eligibility > Apply with Documentation > Get Approval > Disbursement of Funds

Acquiring a personal loan from SMFG India Credit is one of the quickest and most efficient loan procedures. The application is 100% online and paperless, along with free assisting tools that help you work out your loan plans. Visit SMFG India Credit’s nearest branch for a personal loan, apply today!

Apply for Personal 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.


How can I get an instant personal loan for personal use quickly?

Secure an immediate personal loan by utilizing online platforms. Complete a swift application, providing essential details and necessary documents. The digital process accelerates verification, ensuring prompt approval and quick disbursal of funds into your account. This streamlined approach minimizes waiting time, allowing you to address your personal financial needs promptly and efficiently.

What is the minimum and maximum instant personal loan amount I can take?

Personal loan amounts offer a versatile range, spanning from Rs.  50,000 to Rs.  25 lakhs*. The specific loan amount granted is determined by several factors, including your age, income, credit score, and employment type. This flexibility ensures that borrowers can access funds tailored to their individual financial needs and capacity.

How can I increase the chances of my instant personal loan approval?

Enhance approval chances by maintaining a favourable credit score, submitting accurate information, meeting income prerequisites, and promptly providing all required documents. A robust financial history enhances eligibility for an instant personal loan, ensuring a smoother and more efficient approval process.

Can I Get An Instant Loan Without Documents?

While some lenders may offer minimal documentation requirements, basic documents for identity, address, and income verification are usually necessary. The streamlined process ensures a secure and efficient transaction, with documentation playing a crucial role in facilitating a trustworthy lending process.

How To Calculate EMI For Instant Personal Loan?

Compute your Equated Monthly Installment (EMI) effortlessly using online calculators. Input the loan amount, interest rate, and tenure to obtain an accurate estimate of your monthly repayments. This tool empowers you to plan your finances effectively, providing clarity on the financial commitment associated with your instant personal loan.

Why Should I Use SMFG India Credit For Instant Personal Loans?

Opt for SMFG India Credit for instant personal loans due to its seamless online platform prioritizing speed, convenience, and transparency. With competitive interest rates, flexible loan amounts, and a straightforward application process, it stands out as a reliable choice. The platform's commitment to efficiency ensures a quick and hassle-free experience for those seeking immediate financial solutions.

How do I initiate the personal loan application process in 5 minutes?

Kickstart the personal loan application effortlessly by visiting the user-friendly online platform offered by SMFG India Credit. Complete the application by entering your details, uploading the necessary documents, and submitting the form. The intuitive interface ensures a streamlined experience, enabling you to initiate the application process in a hassle-free manner.

What happens after I submit my application for an instant personal loan?

Following the submission of your application, the lender initiates a rapid verification process. Upon approval, the funds are swiftly disbursed directly into your account. The efficient digital process ensures a prompt response, allowing you to access the funds for your personal needs without unnecessary delays. The borrower experiences a seamless journey from application to disbursement, ensuring immediate financial assistance.

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Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Wedding Expenses

Higher Studies

Higher Studies

Exotic Vacations

Exotic Vacations




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