Published on Feb 27, 2020Updated on Aug 29, 2026
A personal loan is unsecured, meaning you do not have to pledge assets to secure the funds you need. You are eligible to apply for the loan whether you are a salaried or self-employed individual. You can avail up to INR 10 Lakhs* starting at an interest rate of 12.5%* per annum. The loan tenure is between 12 months and 60 months. You also have to pay a mandatory processing fee of up to 4% of the total loan amount + GST of the principal amount borrowed during the loan agreement.
Now that you are aware of the personal loan details, you may wish to know how to apply for a loan with us. At SMFG India Credit, we provide you the option to submit your personal loan application on our website. Alternatively, you can simply walk into your nearest SMFG India Credit branch office to apply in person and receive dedicated assistance from our expert representatives.
In this particular post, we will talk about how to apply for a personal loan online. It is a straightforward process that can be completed from the comfort of your home with minimal documentation:
Here’s how you can apply for a personal loan at SMFG India Credit:
Fill in your basic details, such as your mobile number, PAN, employment status (salaried or self-employed), and pincode.
Provide more essential details, including your email address, date of birth, gender, and annual household income. Make sure to verify your email ID.
If you are salaried, provide the relevant employment details.
Submit your bank statement via Net Banking, an Account Aggregator, or upload it directly. The provided banking details will be used to generate a loan offer (this applies only to salaried individuals).
Proceed with the necessary digital identity verification and share address details via CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. Note that taking a selfie is a necessary part of the identity verification process.
Submit your bank account details, which will be verified by us.
Once we have verified the bank account details, you will proceed to the 'Additional Details' section to input data on your marital status, loan objectives, and parental details.
Choose your preferred mode of re-payment from debit card and internet banking, and finalise the E-NACH setup.
These easy steps will set you on the path towards achieving your financial goals with an SMFG India Credit personal loan.
You can apply for an SMFG India Credit personal loan online easily at any time of the day. All you need is a smartphone or laptop with an internet connection to submit the loan application, and we will revert to you as soon as possible. Before applying, we recommend using our personal loan eligibility calculator and EMI calculator to make informed borrowing decisions.
Important Note: This article is for general informational purposes only and may be subject to change from time to time. As product features, eligibility criteria, interest rates, charges, fees, tenures and other terms may be revised as per SMFG India Credit's policies, readers are advised to refer to the latest details from the respective product pages (please select from the top menu). For the latest loan charges, please visit Charges & Fees Link and for the latest Interest rates, please visit Interest Rate Rationale. Please note that final loan terms, disbursement process and eligibility criteria will depend on SMFG India Credit's policies at the time of loan application.
The content of this article is for information purposes only and does not constitute as, an offer or advise to avail any products or services from, or, a commitment to grant any loan by the company. It is not intended to create any rights or obligations against us. All content is provided "as is" without any warranty of any kind, either express or implied & we disclaim any warranty or representation, whatsoever, in regards to the content. Please refer to the Privacy Policy of the company to understand the use, processing and storage of your personal data.
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
Beware of Spurious calls/ Fraud phone calls IRDAI is not involved in activities like selling Insurance policies, announcing bonus or investment of premium. Public receiving such phone calls are requested to lodge a police complaint.
