- Loan Against PropertyLoan Against Property
- Home Loans
- Loan Against SecuritiesLoan Against Securities
- More Loans
- Insurance Solutions
- Value Added ServicesValue Added Services
Rural Individual Unsecured Loan: What You Need to Know
We can never put a fixed number for our monetary requirements. However, we can always plan for our short-term goals. Be it business or personal there are several reasons that one requires financial assistance.
SMFG India Credit’s aim is to provide financial assistance in such scenarios wherein the requirement ranges between INR 35,000 to INR 5,00,000. Most importantly, SMFG India Credit understands and realizes that while one aspires to achieve, he/she often faces hurdles in terms of processes. To make things easier and convenient for you.
No income documents required for Loan amount upto 3 lakhs provided co-applicant is mandatory.
1. For salaried profiles with co-applicants, no income documents required for monthly salary upto 20000.
2. For salaried profiles without co-applicants, no income documents required for loan amount up to 1.25 lakhs*.
3. For self-employed profiles without co-applicants, bank statement and GST is mandatory*.
*For selected variants
Features & Benefits
No Income Documents Required
For a loan amount up to INR 3,00,000, for salaried professionals with monthly salary upto INR 20,000, SMFG India Credit does not require ITR or Salary Slips
Loan Amount Starting @ INR 35,000
You can avail SMFG India Credit’s Rural Individual Unsecured Loan for an amount between INR 35,000 to INR 5,00,000.
Loan Disbursed within 2 days
Once the loan is processed, which usually takes around five days, the amount is disbursed within 48 hours
Cashless Repayment Option
You can avail the loan repayment via various digital transaction options like NACH, e-NACH, UPI etc. You do not have to visit our branch for loan repayment and can opt for seamless digital EMI repayment.
No Post-Dated Cheque required for loans up to INR 1,50,000
You do not have to worry about the financial commitment prior to the disbursement of the loan.
- Existing or new SMFG India Credit customers can avail this loan
- Please visit the page to know about Interest Rates
- Two photographs of Borrower
- Address Proof of Applicant and co-applicant (Voter ID card, UID, Passport or Driving License)
- Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
- Identity Proof & PAN Card/Form 60 of applicant and co-applicant.
- Security Post-Dated Cheque required for loans greater than INR 1,50,000.
Page also available in: हिन्दी - Hindi
* 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.
