Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.


Chennai is one of the fastest-growing industrial hubs encompassing key sectors like automobile, IT, manufacturing and healthcare. With so many growing sectors, businesses and individuals are in constant need of funds to finance projects, start-ups and even for personal use.

This has also given rise to a thriving financial district with several domestic and global banks & NBFCs extending mortgage loans in Chennai.

When you need to raise funds for high-value personal expenses or for business purposes, loans against property are generally sought when you need a significant amount of funds. For such high-value funds to be sanctioned by SMFG India Credit, we require collateral to approve a huge loan amount. Property security from the point of view of the financial institution is safe collateral where possibilities of value appreciation are high.

Documents & Eligibility

If you are looking for a property loan in Chennai, you have the option to approach a Non-banking Financial Institution like SMFG India Credit that offers more flexibility in terms of eligibility and documentation.

You can use the eligibility calculator on their website to check if you can meet what they request. That said, take a look at these eligibility criteria at SMFG India Credit.

For Salaried and Self Employed Individuals:

  • 21 to 60 years is the age bracket for a salaried applicant at the time of putting in the request for a loan against property in Chennai. The applicant should be between 25 to 65 years of age where the individual is self-employed
  • The applicant should be a salaried employee in a private or public sector enterprise. Self-employed professionals should be able to demonstrate a regular source of income
  • To meet the loan against property eligibility, the applicant should be an Indian resident
  • The minimum CIBIL score requirement is 700

For SMEs:

  • It has to be an Indian registered SME to be eligible to apply for a mortgage loan in Chennai

With the eligibility check done, you also need to get the documents required for loan against property absolutely spot on. Check SMFG India Credit’s basic documentation list.

Document Requirement for Salaried and Self Employed Individuals:

  • Application form filled and duly signed along with a photograph that is not older than 6 months
  • Establish proof of identity via any one of the government-approved IDs:
    • Passport
    • Voter ID
    • Driving
    • PAN Card
  • Show proof of address through one of these documents:
    • Driving License
    • Passport
    • Bank Passbook or Statement
    • Ration card
    • Electricity Bill
    • Telephone Bill
    • Rental agreement
  • Age proof can be established via any one of these documents:
    • PAN Card
    • Passport
    • Any other certificate from a statutory authority
  • All KYC documents
  • Salary slips and bank statements for the last 6 months for salaried individuals. Bank statements and any profit and loss statements over the past 2 years and should be audited by a chartered accountant for self-employed individuals
  • Income tax returns for both salaried and self-employed individuals. Salaried employees will be required copies of their Form 16 too
  • Complete documentation for the property that you take out a mortgage on

Document Requirement for SMEs:

  • All KYC documents
  • Bank and income statements for the last 6 months along with Form 16
  • Income Tax Returns for the last 2 years with an audited income summary
  • Your financial statements with a declaration of cash profits for the last 2 years along with annual turnover demonstrating a positive trend in the current financial year
  • Submit all relevant documentation pertaining to the property that you wish to mortgage

Minimum Salary

For a salaried individual to get a property loan in Chennai, you need to have a minimum salary of Rs. 20,000 per month. This is also applicable to residents of other cities and towns in India except for Mumbai and Delhi.

Residents of Delhi and Mumbai who wish to avail a loan from SMFG India Credit need to have a minimum salary of Rs. 25,000 per month.

Interest Rates

SMFG India Credit’s offers loan against property in Chennai of up to Rs. 5 crores or 70% of the mortgage value as per the current market value of the property. The loan against property interest rates are extremely competitive. The factors that determine the interest rate are the type of property that you would like to mortgage, property documentation, net income, employment or business stability.

You will be liable to pay a processing fee which can be up to 3% of the loan amount sanctioned.

How to Apply

The application for your mortgage loan in Chennai can be made by visiting the nearest SMFG India Credit branch. Remember to carry all the originals of your documents and their photocopies for submission.

Alternatively, you can opt to proceed with the submission process completely online. The form needs to be filled and you can even upload softcopies of your documents via the SMFG India Credit website.If you are not confident about uploading your documents online, you can have them collected from your location of convenience. Simply call the customer service team on their toll-free number (1800 103 6001) or email   to schedule an appointment.


What are the minimum and maximum loan amounts offered?

The maximum loan amount is ₹5,00,00,000*, while the minimum is ₹5,00,000*.

What are the tenure options available to borrowers?

The loan tenure is flexible and can be extended up to 15 years*.

Can I apply online for a Loan Against Property?

Yes, you can apply for a loan against property online seamlessly. Start by clicking on the “Apply now” button on SMFG India Credit's website, entering some basic details, and uploading the documents. Our representatives will then contact you to move the process forward.

How many days are required for a loan against property?

SMFG India Credit has a transparent and speedy process for loan approval and disbursal.

What are the processing fees for such a loan?

The processing fee for a loan against property is up to 3% of the loan amount.

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Contact Us

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).

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