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

Homemakers today are no longer what they used to be 30 years ago. They have dreams and passions which they actively wish to pursue whilst balancing their household responsibilities. As a result, home businesses are booming across the country, many of which are run by homemakers.

The entrepreneurial spirit is in full bloom, but it comes with its set of challenges. The most important of which is to get the initial funding to kickstart your business journey. If you do not have sufficient savings of your own or access to funding through family and friends, getting the business off the ground can be a tough task.

How to Get Funding for your Home Business?

If the only impediment in your pathway to start your home business is funding, then the easiest way to arrange for finance can be done via a personal loan. At such a moment, you may be looking for a Personal loan for homemakers. SMFG India Credit offers personal loans at competitive interest rates and flexible tenures of repayment. Read more to know details.

Eligibility Requirements To Get Your Personal Loan Approved

Personal loans are fairly easy to get as they do not require security or collateral. However, SMFG India Credit does require applicants to meet their personal loan eligibility criteria prior to making a formal application.

The parameters include:

  • Be a citizen of India
  • Be between 21 and 65 years of age at the time of loan application
  • Be a salaried employee at a private or public enterprise or demonstrate a regular source of income for self-employed individuals
  • Have a minimum CIBIL score of 750 

You can check our easy to use personal loan calculator to quickly run your eligibility check for personal loans. 

Documents Required For a Personal Loan

You can apply for a personal loan by clicking on the “Apply now” button on this page. The process can be completed online from the comfort of your home.

Fill in the required information on the web form. This will require you to share your personal, financial and employment related details. You will also need to share your PAN and Aadhar card numbers here. In case of co-applicants or guarantors, their details may need to be provided.

The next step involves you to submit a list of documents required for the personal loan to be approved. You can upload the soft copies via the SMFG India Credit website. Submit your KYC documents:

  • Proof of identity – PAN card, voter’s ID, passport, driving license
  • Proof of address – Aadhaar card, Utility bills, passport, rental agreement

In addition to the KYC documents, applicants will need to provide:

For salaried individuals:

  • Past 3 months’ salary slips.
  • Last 6 months bank account statements 

For self-employed individuals:

  • Last three years income tax returns 
  • Income statements
  • Last 6 months bank statements 

You also need to indicate the amount of personal loan amount that you wish to apply for at this stage.

Information Verification

Based on the information provided, you may be given in-principal approval - which means that you meet the basic eligibility criteria. Next, your application form and documents will be processed and verified by SMFG India Credit.

A customer service representative may get in touch with you to discuss your requirements and provide the terms. Following this the loan agreement will be shared, and your acknowledgement for the same will be taken.

Loan Sanction Disbursal

After the loan agreement has been executed, your loan gets approved and SMFG India Credit will disburse the funds into your bank account within a few hours. You will receive a notification over email that includes your loan agreement and loan schedule. The loan schedule is an important document that mentions the loan amount, loan account number, interest rates, repayment tenure, applicable fees and charges and so on. You are advised to keep a copy of this document for future reference.

In Conclusion:

If you are a homemaker and don’t have a stable income source at the moment, or need a higher income in order to satisfy the maximum loan eligibility, you can apply for a personal loan by asking a family member to be a guarantor or a co-applicant.

You can reach out to us in case of queries by emailing us at  . Alternatively, you can contact our Customer Service team on our toll free number 1800 103 6001  or visit the SMFG India Credit branch near you.

Calculate your Eligibility  

* 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.

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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