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

While shopping for items such as smart televisions, mobile phones, tablets, washing machines, air-conditioners, or even wedding shopping, we want to purchase branded products. A branded product is comparatively reliable, offers multiple features, provides a comprehensive warranty, and promises excellent quality. More importantly, they have exchange value especially when it comes to electronics and consumer durables. However, branded products are likely to be expensive. You can shop for the products of your choice with a personal loan for shopping from SMFG India Credit. You can enjoy several benefits like quick loan disbursal, flexible repayment, seamless transaction, and many more.

SMFG India Credit’s Personal Loan for Shopping Benefits

Flexible Tenure

Ranging from a minimum of 12 months to 60 months, the flexible tenure offered by SMFG India Credit helps you in better planning and easy repayment. You can choose the desired repayment tenure as per your repayment capability with SMFG India Credit.

Attractive Interest Rate

Personal loan rates are a very important factor as they translate into a monthly expense. SMFG India Credit offers an attractive interest rate starting from 11.99%* per annum. This ensures you can fulfill your shopping dreams.

High Loan Amount

Based on the applicant’s eligibility, SMFG India Credit offers a personal loan up to Rs. 25 Lakhs*. This large amount can be used to buy any lifestyle product or even luxury items like modern appliances, smart televisions, mobile phones, jewelry, and much more.

Seamless Processing

The Loan application with SMFG India Credit is easy as it can be completed online. You can easily fill up the form online, upload the documents, and submit the application for processing. After successful verification checks and execution of loan agreement, the final approval is received and the required funds are disbursed in your account within 30 minutes*. If you prefer a face-to-face discussion, you are welcome to visit any of our SMFG India Credit branches.

Minimum Documentation

SMFG India Credit personal loans require minimal documentation resulting in quicker disbursals and a smoother experience. Basic personal loan documents required are:

  • PAN and Identity proof
  • Address proof
  • Bank account statements for the past 6 months

If you apply as a salaried individual, you need to additionally submit the following documents:

  • Salary slips for the last three months
  • Income tax returns / form 16

If you apply as a self-employed individual, you need to submit the following documents:

  • Income proof / financial statements
  • Business existence proof
  • Proof of income and expenditure document

Easy Eligibility Criteria for Personal Loan

  • You can apply for SMFG India Credit’s personal loan as a salaried or self-employed individual.
  • You must be between 21 to 65 years of age.
  • You need to earn at least Rs. 20,000 per month (Rs. 25,000 for residents of metro cities) with a work experience of at least 1 year, with at least 6 months in the current organization.
  • If you are self-employed, you need to have a certain minimum profit after tax.
  • You should have a minimum CIBIL score of at least 750, with a good credit history.

What is a Personal Loan EMI Calculator?

Personal loan EMI calculator is highly useful in planning your loan right. This easy-to-use calculator gives you an opportunity to find out your EMI amount by entering basic details. This helps you in planning your fixed expenses by selecting the tenure that best suits you. You can get the EMI details in just a few seconds after keying in the loan amount, interest rate, and repayment tenure on the calculator.

Know About Personal Loan Eligibility Calculator

A Personal loan eligibility calculator lets you have an estimate of the loan amount that you could be eligible for. Final loan eligibility will depend on SMFG India Credit’s assessment of your profile and documents. But you can get an idea of the maximum loan amount you could get, thereby helping you in better planning.

Personal Loan for Shopping Interest Rates & Charges

Explore interest rates and charges for shopping loans to make informed financial decisions. Compare rates from various lenders to identify competitive offerings that align with your financial goals. Assess not only the interest rates but also additional charges such as processing fees, pre-payment penalties, and any hidden costs. A comprehensive understanding of these rates and charges ensures transparency and enables you to choose a shop loan that suits your budget and financial requirements.

Personal Loan Interest Rates & Charges:

Interest Rate

11.99% * per annum onwards

Processing Fee

Up to 6% of loan the amount


Up to 5 years or 60 months

Pre-Closure Fee

0% to 7%

Loan Amount

Rs. 50,000 to Rs. 25 Lakhs*

Page also available inहिन्दी - Hindi

* 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.


How much time does it take to get a shopping loan disbursed?

The time it takes for a shopping loan to be disbursed varies, but with efficient online processes, approval and fund transfer can occur in 30 minutes*, ensuring quick access to funds for your shopping needs.

How to apply for a shopping loan?

Applying for a shopping loan is typically done through the lender's website or app. Fill out the online application form, providing the necessary details and documents. The process is streamlined for convenience and efficiency.

Are shopping loans available to buy products only from the partner merchants of the lender?

No, shopping loans are not restricted to specific merchants. You can use the loan to make purchases from any retailer, giving you flexibility and freedom in your shopping choices.

What documents are required for a shopping loan?

Commonly required documents for a shopping loan include proof of identity, an address, income documents, and bank statements. The specific requirements may vary among lenders, so it's best to keep notes based on the lender.

What is the eligibility criteria for a shopping loan?

Eligibility criteria for a shopping loan typically involve age between 21 and 60 years, an income level of at least Rs.  20,000 or Rs.  25,000 if the applicant is a resident of Delhi or Mumbai, and a credit score of 750 or higher. Meeting these criteria enhances the chances of loan approval with the necessary documents.

How long are Shopping loan tenures?

Shopping loan tenures vary but are generally short to medium-term such as 12-60 months, offering flexibility to borrowers. You can choose a tenure that aligns with your repayment capacity and financial preferences.

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12 Months60 Months

Your Calculated EMI*


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