Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
Due to an urgent need for additional funds, you may have taken a personal loan at a high rate of interest. You would be paying an EMI for your existing personal loan.
What if you could reduce your existing EMI without increasing your loan burden?
Thanks to the personal loan balance transfer facility, this is easily possible. We at SMFG India Credit understand how much your dreams mean to you, and the value of your money. Thus, we offer you the option of consolidating all your loans at a competitive rate of interest starting from 13%* with the personal loan balance transfer facility.
Wondering how personal loan balance transfer can affect your savings? Use the personal loan balance transfer calculator below to figure out the savings on your EMI as well as interest payable.
* 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.
A Personal Loan Balance Transfer Calculator considers your existing loan's terms and presents a potential new loan plan. By inputting details such as your current loan balance, interest rate, and tenure, it calculates potential savings, new EMIs, and overall interest payable, helping you assess benefits.
The calculator provides an estimate of the new EMI after a balance transfer based on the information you enter, such as the new interest rate (set by the lender) and tenure. However, the exact EMI may vary slightly depending on factors like the final interest rate determined by the lender.
Yes, you can use the Personal Loan Balance Transfer Calculator to estimate how much interest you can save by transferring your loan.
A balance transfer can impact your credit score. If you manage the new loan responsibly with timely payments, it can improve your score. However, missing payments or taking on additional loans during repayment may negatively affect your credit score.
Disclaimer: The values above are for demonstration purposes only. The aim of this calculator is to provide you an idea of how a balance transfer can help reduce your monthly obligations. Please note that the actual eligibility and the balance transfer rate of interest will depend on various criteria, including SMFG India Credit’s policy at the time of loan application. To know more, please contact us or apply now.
If you are interested in transferring your existing personal loans, here’s how you can apply:
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