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

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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.

  • You can borrow up to Rs. 25 lakhs under the facility of personal loan for government employees.
  • Attractive rate of interest starting at 11.99%.
  • Choose repayment tenures anywhere between 12 months and 60 months as per your convenience.
  • Get instant disbursal to your bank account in as less as 30 minutes to 72 hours of the loan approval.

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.

Government Personal Loan Scheme

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.

Eligibility Criteria

Below-mentioned is the eligibility criteria for SMFG India Credit personal loan:

  • You can apply if working for the government at the state level or a local body. We also have a personal loan for central government employees.
  • You must be an Indian citizen who is residing in the country.
  • You must be between the age of 21 years and 60 years.
  • The minimum work experience should be 2 years.
  • If you reside in Delhi or Mumbai, your minimum monthly income must be Rs. 25,000.
  • If you reside in any other part of India, then your minimum monthly income must be Rs. 20,000.

Required Documents

The documents required for SMFG India Credit personal loan are as follows:

  • Filled and signed loan application form
  • Proof of address and identity
  • Proof of age
  • Bank statement of the last 6 months (salary account)
  • Proof of income (salary slips of the last 3 months)
  • Proof of Income Tax Return or Form 16

How to Apply for a Personal Loan?

Applying for a personal loan for government employees is easy and quick with our online loan application facility.

  • On our website, click the ‘Apply Now’ button and follow the steps to apply for the loan, as prompted.
  • If you are applying online, we suggest you keep the soft-copy of the necessary documents for upload. These documents include bank statements, salary slips, KYC, etc.
  • You can also apply for the personal loan offline by visiting the nearest SMFG India Credit branch. Here, our customer service representative will take you through the loan application process.
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Your Calculated EMI*



How do you calculate my personal loan eligibility?

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.

What is the ideal personal loan tenure?

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.

How soon can I get an approval on my loan application?

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.

When will I get the approved loan amount?

You can expect the loan amount credited to your bank account in as less as 3 days from the approval of the loan application.

What are the personal loan charges?

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:

  • Processing fee (this would be up to 3% of the disbursed loan amount).
  • Foreclosure charges as applicable (if you foreclose the loan before its tenure).
  • Late fee (if you delay or miss out on EMI payments).
  • For more details, please check our personal loan interest rates page or contact us.
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* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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