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Whether you want to clear your debts, bring home your dream vehicle, fund your child’s wedding or higher education, a personal loan is the perfect credit instrument. It helps you meet your financial requirements for various needs at short notice.
It is quick, easy and convenient to apply for a personal loan with us. With our bouquet of offerings, we ensure that your changing needs are met with tailor-made repayment solutions. Our solutions are smart, simple and flexible, which is what makes us stand apart - making sure that you get the best possible value for your hard earned money.
Our team is well equipped to ensure that you have the smoothest journey from application to getting your funds in hand.
Now realise your dream of an indulgent holiday, a home renovation, a destination wedding or purchasing an expensive gadget with SMFG India Credit’s flexible and easy-to-get personal loan for salaried person. We offer a comprehensive range of personal loans that help you to meet unexpected expenses and the cost of medical emergencies too.
If you are planning to take a personal loan, then be sure to check out personal loan eligibility for salaried person:
We believe in keeping things simple which is why the documents required for personal loan are minimal. Keep these personal loan documents for salaried handy for speedy approval.
You can submit all the required documents for a personal loan for a salaried person online. All the paperwork must be signed prior to uploading them online.
On the other hand, you can get a request for a SMFG India Credit executive to collect the paperwork at a location of your convenience at a mutually convenient time.
All the submitted documents will be verified by SMFG India Credit before the personal loan is sanctioned.
The personal loan for salaried from SMFG India Credit is feature rich. This means that you do not waste time on time consuming processes to get your loan approved. Our custom designed tailor-made personal loan for salaried individuals is a convenient yet affordable financial solution that enables them to meet their short-term needs for funding. SMFG India Credit’s personal loans are the top choice for existing and new customers alike. The personal loan for salaried features and benefits include:
Eligible salaried employees can get a personal loan at an interest rate as low as 13% per annum*. This means that your lowest EMI can be only INR 2,275* per lakh, leaving you with more funds for your personal aspirations.
Personal Loan Interest Rate |
Starting at 13% per annum |
Loan Amount |
Up to INR 30 Lakhs* |
Loan Tenure |
12 - 60 months |
Processing Fee |
Up to 5% of the total loan amount + GST |
Prepayment Charges |
0% - 7% |
Loan Cancellation Charges (Loan Cancelled Before First EMI) |
Rs. 1000 - 2500 |
Late Payment Charges (Applicable for Payment Default) |
Up to 3% per month (36% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment. |
Cheque/ECS/NACH Dishonoured Charges |
Rs. 300 to 1000 |
To start your personal loan application with SMFG India Credit, follow these simple steps:
Start by entering essential details like your mobile number, PAN, pincode, and employment status (salaried or self-employed).
Verify your mobile number by inputting the 6-digit OTP sent to your device.
Next, provide additional information such as your email address, date of birth, gender, and annual household income. Don't forget to verify your email ID too.
If you're a salaried individual, furnish the necessary employment particulars.
Please upload your bank statement or submit it through Net Banking or an Account Aggregator. Your banking information will be used to generate a loan offer (applies to salaried individuals only).
Complete the identity verification process by taking a selfie and sharing your address details
using recognised methods like CKYC, OKYC, or DigiLocker.
Share your bank account details for verification.
After successful bank account verification, you'll move to the 'Additional Details' section where you can input information like marital status, loan purpose, father’s name, and mother’s maiden name.
Select your preferred re-payment mode (debit card or internet banking) and finalise the E-NACH setup.
Thoroughly review the loan agreement, digitally sign it to acknowledge the terms and conditions, and complete the process by validating the 6-digit OTP sent to your registered mobile number.
Embark on your financial journey today by following these simple steps to secure your personal loan with SMFG India Credit.
* 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.
Our personal loans for salaried professionals are made for every occasion, every life goal.
You can take our personal loan for a variety of reasons.
A salaried personal loan is a specially designed instant personal loan online which can be availed by salaried customers. Thus, if you are currently employed with a public or private organisation, and have a minimum salary of INR 20,000 (or INR 25,000 if you are from Delhi or Mumbai), and have worked for at least 6 months at your current organisation (overall work experience should be at least 1 year), you are eligible for a salaried personal loan. For more details, please visit our Personal Loan Eligibility page.
Personal loan eligibility is calculated basically to estimate whether or not you will be able to repay the loan's EMIs. For this purpose, your monthly income (after deduction of all taxes) is considered, along with your existing monthly obligations (including credit card debt). The calculation also takes into account the personal loan rate of interest applicable to you, as well as the loan tenure. Click here to try the free online SMFG India Credit personal loan eligibility calculator now!
To be eligible for a salaried personal loan, you will need to be employed with a public or private organisation at the time of loan application. Your salary should be at least INR 20,000 (or INR 25,000 if you are from Delhi or Mumbai), and you must have worked for at least 1 year at your current organisation. To know more, please check our Personal Loan Eligibility criteria page, or contact us
Personal loan amount depends on many factors, such as your monthly income, your existing monthly obligations (including credit card debt), and the company's policy at the time of loan application. To know the personal loan amount you are eligible for, please feel free to use our personal loan eligibility calculator. It's free, and easy to use.
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