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

A personal loan is your instant gateway to meeting your short-term financial needs. Be it funding your child’s education, an international holiday, a home renovation or even a medical emergency, a personal loan can be the cushion that ties you over when you are in need of instant funding. 

What is a Personal Loan Agreement?

Before approving the loan the lender shares a document with the borrower. This document outlines all the terms and conditions related to the personal loan including the amount of loan sanctioned, the interest rate being applied, repayment tenure, and more.

The applicant is required to read all the terms and conditions carefully and go through any additional fine print. Signing on the dotted line implies that both parties, that is, the lender and the borrower are in agreement. This document is referred to as the personal loan agreement.

What are the Elements of a Personal Loan Agreement?

Every personal loan agreement adheres to a specified format. It includes basic information about both the parties involved in the transaction.

In the borrower section, the agreement will mention information such as:

  • The applicant’s legal name
  • Their full address
  • Employment status
  • Details of co-applicants or guarantor as applicable 

In the lender section, the agreement will include details like:

  • Name of the lender
  • Authorization 

Besides this, the personal loan agreement is drawn out to include the following information:

  • Loan amount and duration
  • Interest clause
  • Repayment clause
  • Arbitration clause
  • Fees and charges
  • Foreclosure clause
  • Late payment clause
  • Other terms and conditions 

What is SMFG India Credit’s Loan Agreement Process?

Once your personal loan has been approved, SMFG India Credit has made the loan agreement process extremely simple and easy. Simply follow these steps.

  • Log on to the SMFG India Credit website
  • Choose the preferred language to download your personal loan agreement in PDF format
  • Take a printout and fill in the required borrower information
  • Sign it and scan it back to SMFG India Credit

Apply for a Personal Loan from SMFG India Credit

SMFG India Credit offers personal loans up to Rs. 25 lakhs at competitive interest rates. Follow these steps to apply for a personal loan online.

  • Check Your Eligibility: Before making your personal loan application with SMFG India Credit, it is best you check if you match the required eligibility criteria parameters.
  • Online Documentation: If you’ve met these eligibility parameters, you can then proceed towards filling up the online application form and uploading your personal loan documents.
  • Explore Interest Rates: SMFG India Credit Personal loan interest rates starts at 11.99% applicable for both salaried and self-employed professionals.
  • Check Monthly Instalments: Use the personal loan EMI calculator available on the SMFG India Credit website to get an estimate of your monthly installments by filling up the loan amount required, repayment tenure, and interest rate.

Loan Application Process

Proceed towards making your personal loan application using these guidelines:

  • Go to the SMFG India Credit website
  • Fill in the online form available on the personal loan page
  • Submit all relevant personal, employment and financial related information
  • Select the required loan amount, preferred loan repayment tenure and interest rate
  • Upload soft copies of your documents
  • Click on ‘Apply Now’ and wait for approval from SMFG India Credit 

Based on the information provided, you will be instantly informed of your eligibility. If yes, a representative from SMFG India Credit will get in touch to discuss your requirement, explain the terms and conditions, and process your application. After successful verification of your documents, your loan agreement will be shared with you. After receiving your consent on the same, your loan will get approved and the funds will be disbursed into your account. 

You can always reach out to the SMFG India Credit customer care team on our toll-free number (1800 103 6001 ) or email us at    in case of any queries. Please note that due to the pandemic, our offices are running at minimum capacity. Thus, it may take us a bit longer to respond to your queries. We apologize for the inconvenience.

Calculate Your Eligibility  

* 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

Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Wedding Expenses

Higher Studies

Higher Studies

Exotic Vacations

Exotic Vacations




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