Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
Mortgaging property for meeting personal financial needs has been popular for decades. Such a loan is achieved by borrowing funds after pledging residential or commercial properties as collateral. We at SMFG India Credit, offer this 50 Lakh loan at competitive rates by providing hassle-free documentation, quick disbursal, and a highly transparent process thereby ensuring a seamless experience for you.
The EMI for a Rs 50 lakh loan for 1-year loan tenure at an 9% rate of interest per annum is ₹4,37,257. Similarly, for 2-year tenure is ₹ 2,28,428, 3-year tenure is ₹1,58,999, 4-year tenure is ₹1,24,425 and 5-year tenure is ₹ 1,03,792. You can use the free-to-use online loan EMI calculator to calculate the EMI for other loan tenures.
Loan Amount (Rs) |
Interest Rate (p.a.) |
Tenure (years) |
EMI (Rs) |
Rs 50 Lakhs |
9% |
1 |
4,37,257 |
2 |
2,28,428 |
||
3 |
1,58,999 |
||
4 |
1,24,425 |
||
5 |
1,03,792 |
Disclaimer: These are approximate EMI calculations, actual numbers may vary.
You can apply for loan against property as salaried, self-employed or an SME. Please note that if you are looking for a business loan, we do offer unsecured business loans upto INR 50 lakhs without any collateral. Our unsecured business loans are offered at interest rates starting from 13%. To know more, please check our business loans page.
Once you have these documents in place, you can apply for loan against property offline or online. You can either visit the SMFG India Credit nearest branch or fill up the application form online and upload the requisite documents. On submission, the loan will be processed and the property value will be estimated to fix the loan amount. Once the loan is disbursed, your EMI will start. So next time when you need the 50 lakh loan urgently, you can contact us and we will gladly assist you.
If you are a customer of SMFG India Credit, and are registered as an MSME, you can also avail loans under the ECLGS scheme.
* 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.
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