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.
Here are some articles which could help you understand us and our products better.
View AllBeginners Guide to Loan Against Property (LAP)
In the realm of financial solutions, a Loan Against Property (LAP) stands as a versatile option…
Types Of Property Eligible For Loan Against Property For Medical Treatment
Many of us are familiar with the concept of a loan against property(LAP). But what about using…
Is It Possible To Get a Loan Against Property Without ITR?
A Loan Against Property (LAP) is a popular financial product in India that allows individuals to…
5 Ways To Reduce Burden on Mortgage Loan
Mortgages are common financial tools that allow individuals to purchase a property by borrowing…
Reasons To Finance Your Long Term Business Goals with a Loan Against Property
As an entrepreneur, there are several reasons you began your business and several more that keep…
5 Easy Steps to Prepay your Loan Against Property
Purchasing a property is not just about buying a dream home or a piece of land. For many,…
Have a query? You can contact us through any of the channels listed below.