Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
At SMFG India Credit, we believe in the dreams of each and every individual. Thus, if you are employed by the government of India or a PSU and are looking for a personal loan, you have come to the right place. We have exciting personal loan schemes suitable for government employees to meet all your funding needs, be it for a wedding, travel, medical emergency, higher education of your children, purchase of gadgets, or any other requirements.
NOTE: Before applying, we recommend checking your loan amount eligibility with our free-of-cost online personal loan eligibility calculator. With the help of this calculator, you can understand the exact amount you can afford to repay in comfortable EMIs.
The government personal loan scheme is offered to permanent employees of both central and state government organisations. It can be taken for meeting any type of personal expenses and has less stringent eligibility criteria.
Along with an attractive interest rate, one can borrow up to Rs 25 lakh under this special personal loan scheme for government employees.
Below-mentioned is the eligibility criteria for SMFG India Credit personal loan:
The documents required for SMFG India Credit personal loan are as follows:
Applying for a personal loan for government employees is easy and quick with our online loan application facility.
At SMFG India Credit, your personal loan eligibility is based on your age, location of residence, monthly income, credit score, disposable income, repayment capacity, existing monthly obligations (ongoing EMIs as well as credit card debt), our lending policy at the time of loan application,and other factors.
At SMFG India Credit, you can choose tenure between 12 months and 60 months. Shorter tenures mean lower interest pay-outas against borrowing on a longer tenure. But, it is advisable to select tenure based on the EMI amount you can afford every month.
If all the details and documents provided by you are accurate, then your loan application will be approved within just a few hours or within a day.
You can expect the loan amount credited to your bank account in as less as 3 days from the approval of the loan application.
An interest rate will apply on the borrowed amount. This amount is the interest that you have to pay on the disbursed principal amount. Apart from the interest, the following charges are also applicable:
* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.