- Personal LoanPersonal Loan
- Business LoansBusiness Loans
- Loan Against PropertyLoan Against Property
- Home Loans
- Loan Against SecuritiesLoan Against Securities
- More Loans
- Insurance Solutions
- Value Added ServicesValue Added Services
When it comes to funding a major expense out of the blue, having enough savings in your bank account to tide you over is the ideal scenario. In real life, that rarely happens.
It is not always feasible to increase your savings quotient on your earnings to amass a large corpus. Moreover, emergencies such as medical expenses are hard to plan for. Under such circumstances, an instant personal loan is a life saver.
Today, personal loans are one of the most popular financial products across the globe. Applicants can simply use the Personal Loan Eligibility Calculator online to run a check on the maximum loan amount they may be able to get. Moreover, unlike home loans, personal loans are unsecured in nature which means that applicants are not required to put up collateral against the loan. Most loans require basic documentation and come with the flexibility of tenure between 12-60 months.
If you wish to check your monthly financial outlay on the personal loan, just use our Personal Loan EMI Calculator to get a near accurate estimate on the EMI amount.
Additionally, interest rates on the loan are much more competitive in comparison to credit cards making it an attractive finance option for many in need of instant cash. Moreover, almost the entire process of application to disbursal can be carried out online.
When you take out a personal loan, you are required to abide by a set of terms and conditions that is outlined in the loan agreement. This typically includes the loan amount disbursed, rate of interest to be paid, repayment period and more. However, circumstances may not always be in your control and therefore you may need to increase the personal loan amount.
If that is indeed the case, then there are certain approaches that can help you fulfil your requirements.
These steps are involved in applying for a personal loan at SMFG India Credit:
Provide the required details such as your mobile number, PAN, pincode, and employment type (salaried or self-employed).
Authenticate your phone number using a 6-digit OTP.
Provide your email address, date of birth, gender, and details on the annual household income. Also, ensure email ID verification.
Furnish detailed information about your employment if you're salaried.
Please share your bank statement by choosing one of the following methods: Net Banking, an Account Aggregator, or by uploading it. This information will help us generate a loan offer (only for salaried applicants).
Conduct the required digital verifications of your identity and share address details using CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. Take a selfie to complete the identity verification process.
Enter your bank account details for verification.
Upon bank account verification, you'll be asked to fill out the 'Additional Details' section, including information on your marital status, the purpose of the loan, and parental names.
Choose between a debit card and internet banking for the re-payment mode and proceed with setting up E-NACH.
Digitally sign the loan agreement after reviewing it to acknowledge the terms and conditions, and validate the process with an OTP.
Advance toward your financial goals by following these easy loan application steps from SMFG India Credit.
Alternatively, you can always reach out to the customer support team on their toll free number (1800 103 6001) or email us at .
* 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.
You can take our personal loan for a variety of reasons.
Here are some articles which could help you understand us and our products better. Do share your comments and let us know what you think!
View All