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

A professional loan is a special category of personal loan, which is offered to professionals like doctors, chartered accountants, lawyers, etc. The loans are customized to suit the specific need of such professionals and can be taken for multiple purposes. For example, scaling up operations, expansion of business premises, hiring new employees, purchasing equipment, etc. 

The usage terms of the loan are not just restricted to meeting expenses towards professional goals, but it can also be used for meeting personal expenses like weddings, vacations, house renovations, etc. 

Compared to normal personal loans, the professional loan comes with easy eligibility criteria and a quick application approval process. Such loans are also offered to eligible applicants at preferential rates and terms*.

Benefits of Professional Loan

Professional loans come with numerous benefits that make it a preferred option for professionals. Some of the benefits include:

  1. Higher Loan Amount: Depending on your profile and eligibility, you can avail of a professional loan of up to Rs 30 lakhs to meet your unique business requirements.
  2. Attractive Interest Rates: The personal loan interest rate for professionals starts as low as 11.99% per annum, making it one of the most pocket-friendly financing options
  3. Quick Approvals: One of the key benefits of professional loans is that you get instant in-principle approval for the loan, giving you the confidence to plan your expenses accordingly.
  4. Online Application Process: The process to apply for professional loans is very similar to the online personal loan application process, thus helping you to apply from the comfort of your home
  5. No Collateral Required: Being an unsecured form of loan, you don’t need to pledge any of your assets as collateral to secure the loan. You just need to meet the personal loan eligibility criteria, and your profile and documents must clear the mandatory verification checks as per SMFG India Credit’s policy.
  6. Flexible Repayment Tenure: Professional loans come with a flexible repayment tenure that helps you to plan your budget comfortably. The repayment tenure ranges between 12 to 60 months.

Professional Loan Eligibility and Documentation

The eligibility for loans for professionals is similar to personal loan eligibility. The basic eligibility criteria at SMFG India Credit include:

  • Applicant must be a resident citizen in India
  • Should be between 21 years to 60 years of age
  • Should meet the minimum income for loan eligibility- For salaried residents of metro cities - Rs 25,000 per month, and Rs 20,000 for the salaried residents from all other Indian cities. 
  • Minimum 1 year of work experience, with at least 6 months in the current organisation.
  • Minimum CIBIL score of 750 

You can use our personal loan eligibility calculator to check your eligibility and the loan amount you may be able to borrow as per your income and EMI payment capacity. Please note that final eligibility will be determined based on a number of factors including SMFG India Credit’s policy at the time of loan application.

The following are the documents required to avail of a professional loan:

  • PAN and KYC documents (ID and Address proof)
  • Last 2-3 months salary slips (if salaried), or income proof (if having an independent practice setup)
  • Income tax returns for the last two years
  • Last 6 months bank account statement

While applying online, you can upload the scanned copies of all documents.

Professional Loan Interest Rate

The professional loan interest rate for doctors, chartered accountants starts as low as 11.99% per annum. And, the processing fee ranges between 0% to 6% of the loan amount.

To calculate your EMI and the loan EMI repayment schedule for different tenures, you can use our personal loan EMI calculator, which gives you instant results with greater accuracy.


There are multiple loan options available to professionals, but the professional loan stands apart as it is customised as per the unique needs of the professionals. It will help to meet all types of expenses- whether it is for business or personal reasons.

*Terms and Conditions apply. Loans are provided at the discretion of SMFG India Credit. Co. Ltd. (Formerly Fullerton India Credit. Co. Ltd.).

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

12 Months60 Months

Your Calculated EMI*


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