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

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One could apply for personal loans for various reasons that may range from accomplishing life goals like traveling, marriage expenses, renovating your house, etc. to other needs such as funds needed in a crisis such as sudden medical expenses or for managing funeral expenses. Taking a personal loan gives you the flexibility of making bite-sized repayment over a period of time. This alleviates the pressure of making a lump sum payment and allows you to maintain your savings.

Personal loans are usually unsecured. An unsecured personal loan may be given to you based on your CIBIL score and previous track record or you may be asked to secure the loan with collateral such as property, mutual funds, fixed deposits or such. Your personal loan application form will enable the lender to check your repayment capability, which is a prime factor in deciding the terms and quantum of loan that may be sanctioned to you. The details offered in the form will be checked alongside your CIBIL report – so the personal loan application form must be filled carefully in detail and accurately.

How to Apply for Personal Loans Online

An online personal loan application can be submitted by clicking the Apply Now button on the top right side of this page. You will also find the list of documents that you need to upload there. SMFG India Credit’s personal loan application forms require details such as:

Identity proof – PAN, AADHAAR, Passport, Voter ID, driving license, etc.

Residence proof – same as identity proof, and also electricity bill or other such documents

6 months bank statements

A cheque for the amount of the Processing fee

For salaried – Form 16 and latest salary slip

For self-employed – Proof of business, Income tax returns for the past 3 years and financials – profit and loss and balance sheet for the last 3 years.

When making an online Personal Loan Application – you can get instant approval if you meet certain criteria, such as being a citizen of India, being an employee in the private sector or public limited company with a minimum monthly salary of 20,000/- (INR 25,000 for residents of Mumbai and Delhi), and aged between 21 to 60 years. There are instant personal loans available for self-employed people as well. Please click here to know more about personal loan interest rates, fees and other charges.

You can also check the personal loan EMI calculator on the site to get an estimate of the EMI to be paid as per the selected repayment schedule. Please remember that EMI is just one part of the consideration. You should compare various offers on parameters such as:

The loan amount

The interest rate

Fixed-rate of interest or floating rate of interest

The term of the loan – generally between 12 months and 60 months

Prepayment/foreclosure charges if any

The processing fees for the loan

How to Apply for Personal Loans Offline

If you prefer to apply for a personal loan face to face, you can visit the nearest branch of SMFG India Credit. You can use the branch locator on our website to find the branch closest to you. Our customer service representatives would be happy to work with you and make you the best possible offer based on your requirements.

Personal loan Application Forms

Personal loan application forms are available at the SMFG India Credit branches for offline applications and can be filled directly on the site when you apply online.

Getting a personal loan is a great way to fund expenses without feeling financial pressure – but you are advised to use them judiciously. Getting rejected for making personal loan applications indiscriminately can affect your CIBIL score.

* 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.

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