5 Features of SMFG India Credit Personal Loan App that Make it Popular

Personal loans enable borrowers to fulfil their aspirations without redeeming their savings or investments. The process of acquiring a personal loan has become quite convenient thanks to SMFG India Credit InstaLoan personal loan app.

The ‘SMFG India Credit InstaLoan’ mobile application launched by SMFG India Credit has been gaining tremendous popularity. This online loan app is available on leading app stores and can be easily downloaded for free. The Insta Personal loan app can be used by salaried borrowers to arrange funds for financing travel, weddings or for managing a health emergency

Once the loan is approved, SMFG India Credit will disburse the sanctioned loan amount to your registered bank account within 24 hours*.

Features and Benefits of SMFG India Credit InstaLoan App

Below are the features that make SMFG India Credit InstaLoan the best low interest personal loan app:

1) Simplicity

The interface of ‘SMFG India Credit InstaLoan’ is very easy to navigate. Once you have the app on your phone, you will be guided to easy steps like creating your account, then filling in the details, and uploading your documents, Once you click the submit button, you will be instantly informed of your eligibility. Loan application process through SMFG India Credit InstaLoan app is short, simple, and speedy. You can apply in minutes and then track the status online.

2) 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, age proof, salary slips (3 months), bank statement (6 months), IT returns or form 16.

3) Process of Application

On the Android platform, you need to follow the following steps to make your personal loan application.

1. Go to Google Play store and look for ‘SMFG India Credit InstaLoan app’. Download and install on your phone.
2. Register on the app using your existing Google account or Facebook profile. Alternatively, you can choose to create a new account with an email id and password of your choice.
3. Fill in your basic information like the name, address, date of birth, gender, marital status, contact details, etc.
4. Fill in your employment and income details. This needs to include details like name of your current company, salary, etc.
5. Finally, add your bank account information.
6. You can and upload your requisite documents.
7. Click on Submit

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

If your device uses the iOS platform, the steps are pretty much similar. The only difference is that you will need to find the ‘SMFG India Credit InstaLoan app’ on Apple iTunes store. Once the app is downloaded and installed on your iOS device and complete your phone verification, the same process described above can be followed in which you submit the requisite details, upload your documents and click on the “Submit” button.

4) Eligibility

To be eligible for a personal loan using the SMFG India Credit InstaLoan app:

1. You need to be a resident citizen of India and a salaried employee of a private limited company or public sector undertaking.
2. You need to be between 21 and 60 years of age.
3. A salaried individual, your monthly salary should be at least Rs. 25,000 per month if you are residing in Mumbai or Delhi or at least Rs. 20,000 per month if you are residing in any other part of the country.

You can use our personal loan eligibility calculator to calculate the maximum loan amount you may be eligible for depending on a few parameters like monthly income and net monthly obligations.

5) 100% Digital Application Process

Since the SMFG India Credit InstaLoan app makes the entire loan application process digital, it turns out to be a convenient and paperless exercise. You can apply for the loan, submit documents and receive the funds in your bank account without leaving your home or office. To avail an instant paperless loan through this app, you are not required to visit any branch and can comfortably complete the process anytime, anywhere.