Rural Individual Unsecured Loan (GEL): 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 (GEL) 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.