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How Can SMFG India Credit Personal Loan App Help You During Cash Crunch?

Published on Feb 16, 2021Updated on May 2, 2024

How Can SMFG India Credit Personal Loan App Help You During Cash Crunch?

Unfortunately, cash crunches arrive unannounced. They typically arise from a sudden medical condition, accident, job loss, urgent repairs of vehicles or home, failed business venture, unexpected travel, etc. These are unpleasant events to deal with. Having to meet such expenses is a daunting task and it compels us to dip into our savings and investments. At such times, what if something takes away our worry like a magic wand? 

If you are salaried, you can now take a personal loan seamlessly based on an emergency loan app from SMFG India Credit with the comfort and convenience of your homes. With this emergency personal loan app, convenience goes a step further and can get you your personal loan instantly on your mobile, with just a few clicks in a few minutes. 

Following are the ways in which SMFG India Credit ‘InstaLoan’ App can help you in an Emergency:

1) Ease of Access

One of the main benefits of this SMFG India Credit InstaLoan app is the ease of access and application. The simplicity experienced in applying for the loan is the most appealing benefit. You have to simply Install the SMFG India Credit InstaLoan app on your handset, fill the application form with your personal and employment details, upload the requisite documents and provide bank details. This can be done in minutes. You do not need to set your foot in any office. You can apply in minutes and track the status online. SMFG India Credit ‘InstaLoan’ is 100% digital and completes your personal loan process on the go. This helps you in a cash crunch as you can easily apply for the loan and receive the funds in your bank account.

2) Instant Loan upto INR 25 lakhs*

With SMFG India Credit InstaLoan app, salaried individuals can get loans up to INR 25 lakhs*. Once you have submitted your application and the approval is granted, your personal loan is credited in 30 minutes*. SMFG India Credit InstaLoan is a quick personal loan app in which the disbursal is made quickly. Applicants get the money credited in their bank accounts within a few hours of their loan getting approved. Thus, borrowers can receive funds quickly which is extremely important during cash crunches.

This is because the process is simple and paperless. This takes away your immediate cash requirement as you can receive the personal loan by clicking a few buttons.

Must Read: How To Apply For A Personal Loan using SMFG India Credit InstaLoan App?

3) No Stress of Submitting Collateral

SMFG India Credit’s Personal loan app provides you with loans without any requirement to submit collateral. You need to meet all the eligibility criteria stated during the application. You will be then granted the loan amount, without any conditions on how to use it.

4) Flexible Repayment

You have flexible repayment tenure with SMFG India Credit that ranges between 12 months to 60 months. This certainly gives you a cushion in your cash crunch. You can spread your payment till 5 years thus reducing the burden at the very moment. 

5) Competitive Interest Rates

SMFG India Credit's personal loan interest rate is as low as 11.99%. As a salaried employee, if you submit the basic documents required, and you meet all the required criteria, your loan interest rate can be as low as 11.99%. This takes away a load of your cash crunch.  

6) Hassle-Free Documentation

SMFG India Credit’s paperless personal loan needs you to simply upload your basic information and documents. As a salaried individual, you need to provide your PAN, identity proof, address proof, and age proof. Additionally, your salary slips for 3 months, bank statement for 6 months, IT returns, or form 16 are required. When you are applying for a loan on SMFG India Credit InstaLoan, it is best that you keep the personal loan documents scanned and ready to upload. This is one less hassle while dealing with the situation of a cash crunch.

7) Eligibility

You can use SMFG India Credit’s personal loan EMI calculator to understand how much your monthly outgoing expense will be. This assists you in planning your expenses judiciously. You can even check the loan eligibility online. To be eligible for SMFG India Credit InstaLoan, the basic criteria are as follows:

  1. You should be a resident citizen of India.
  2. You also need to be a salaried individual with a private limited company or public sector company
  3. You should be between 21 and 60 years of age.
  4. As a salaried individual, you should be earning Rs. 25,000 per month if you are residing in Mumbai or Delhi or Rs. 20,000 a month if you are residing in any other Indian city.
Must Read: 5 Features of SMFG India Credit Personal Loan App that Make it Popular

You can even use SMFG India Credit’s personal loan eligibility calculator to estimate the maximum loan amount you may be eligible for.


All the above reasons make SMFG India Credit InstaLoan the best emergency loan app. The financial element of dealing with the cash crunch situation gets controlled with this paperless personal loan. Salvaging you from a cash crunch, SMFG India Credit gives you the opportunity of settling your finances right so that you have a secured future.

* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us

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