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

Ahmedabad is the largest non-coastal industrial centre in Western India. It is included in the elite list of the top 10 fastest growing cities in the world. The city has an enormous and varied range of industries -  comprising of textiles, pharmaceuticals, plastics, metal, machinery, chemicals, electronics, and passenger cars. This cultural and economic powerhouse of Western India has also flooded the pages of various magazines and newspapers as one of the best cities to live in, in India.

You can deduce from these facts that Ahmedabad offers enviable and expanding job opportunities aided by a booming economy resulting in increased wealth in the hands of people. The inevitable consequence is rising aspirations and increasing ambitions to seek loans to fulfill demands from the most basic to the most affluent, be it debt consolidation, home renovation, wedding, etc.

Ahmedabad is also home to some of the premium education institutes of the world like IIM Ahmedabad, MICA, IIT, Nirma University, etc. SMFG India Credit understands your needs and aspirations as a resident of this city and thus, we offer a wide variety of personal loans in Ahmedabad customised to your needs.

Documents Required for a Personal Loan in Ahmedabad

The personal loan documents required at SMFG India Credit are very minimal, and there is a comprehensive list to select from.

  • Filled loan application form with a passport-sized photograph
  • PAN Card
  • Basic KYC documents that give valid proof of age, proof of residence, and proof of identities such as Voter ID card, Aadhar card, driving license and passport.
  • If you’re a salaried employee, you must provide the last 2 months’ salary slips. If you’re self-employed, you must provide the previous 2 months’ income proof.
  • If you’re a salaried employee, you must provide the last 3 months’ bank account statements of your salary account or current account in case you’re self-employed.
  • Form 16
  • Proof of Income Tax returns
  • Processing Fee Cheque 
  • There are some additional documents required for self-employed individuals.
  • Proof of business registration 
  • Copy of Income Tax PAN card 

Eligibility for Personal Loan in Ahmedabad

Here are a list of the basic eligibility criteria to apply for a personal loan in Ahmedabad with SMFG India Credit

  • You must be between the age of 21 to 65 years (Minimum of 21 years at the time of loan application and a maximum of 65 years at the time of loan maturity)
  • You must be a salaried employee of a private limited company or a public sector enterprise or self-employed with a minimum turnover as per the prevalent policy
  • For salaried individuals, a minimum work experience of 1 year is mandatory
  • If you are a salaried individual, you must be currently employed with the existing company for at least 6 months
  • You must have a minimum CIBIL Score of 750 

You can use our free online personal loan eligibility calculator to have an idea of the loan amount you are eligible for. You can get an estimate of the maximum loan amount you can apply for by  entering your date of birth, the city you live in, your net monthly income, existing monthly EMI obligations, preferred rate of interest, and required tenure of the loan. However, the amount is indicative; the actual loan eligibility amount may depend on many other factors like bank account information, employment history as well as SMFG India Credit’s credit policy at the time of application.

Minimum Salary

If you reside in Ahmedabad, you must have a minimum salary of Rs 20,000 per month. In case you reside in Mumbai/Delhi, you must have a minimum salary of Rs 25,000.

Interest Rates

At SMFG India Credit, we provide the most competitive interest rates customised to each individual’s profile and requirement. Our personal loan interest rates range from 13% to 33% and are charged based on the loan amount, tenure of the loan, purpose, and requirement of the loan, risk assessment of the loan applicant, and his credit score. A processing fee Up to 5% of the total loan amount + GST is also applicable. In case of pre or part payment, foreclosure charges are applicable. For more details, please visit our personal loan interest rates page.

How to Apply for a Personal Loan in Ahmedabad?

Follow these directions to apply for a personal loan from SMFG India Credit:

  1. Click here to initiate your application.
  2. Enter essential data: mobile number, PAN, pincode, and whether you're salaried or self-employed.
  3. Verify your mobile via OTP and confirm your email ID.
  4. Provide your email address, date of birth, gender, and specifics about your income and history of employment.
  5. Review the loan offer customised to fit your requirements, particularly the amount, fees, and repayment terms. Confirm your acceptance once you approve. An option to choose a higher loan amount will be provided.
  6. If you are a salaried employee, it is essential to provide the relevant employment details.
  7. Use recognised methods like CKYC, OKYC, or DigiLocker to complete the online verification process for identity and address.
  8. Enter your banking details. We will verify them, after which you will be prompted to give some extra particulars in the 'Additional Details' section.
  9. Choose a payment mode—either debit card or internet banking—and set up eNACH.
  10. Digitally review and sign the loan agreement. Finalise it with an OTP confirmation.

Complete these easy personal loan application steps to get closer to your financial targets.

APPLY NOW  

* 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.

FAQs

How to get a personal loan with a low CIBIL score in Ahmedabad?

Securing a personal loan with a low CIBIL score in Ahmedabad may be achieved by opting for lenders with flexible eligibility criteria. However, these loans may come with higher interest rates or stricter terms. To improve your chances, consider adding a co-applicant with a stable income and good credit. Additionally, working on improving your CIBIL score to 750 or higher will help increase your approval chances.

Can a person get a personal loan for a low salary in Ahmedabad?

Yes, individuals with a low salary may qualify for a personal loan in Ahmedabad if they meet other requirements, such as a good credit score and steady employment. Adding a guarantor or co-applicant with a higher income can improve approval chances. For SMFG India Credit, Ahmedabad residents need a minimum monthly income of INR 20,000 to apply.

How long does it take to get a personal loan in Ahmedabad?

The time taken to process a personal loan in Ahmedabad depends on factors such as your eligibility, the lender’s procedures, and the accuracy of the application and supporting documents.

What is the minimum income requirement to get a personal loan in Ahmedabad?

For applicants in Ahmedabad, the minimum monthly income required to apply for a personal loan with SMFG India Credit is INR 20,000.

How to get a lower interest rate on my personal loan in Ahmedabad?

Maintain a high credit score above 750, opt for shorter repayment terms, demonstrate stable employment, and reduce existing liabilities to qualify for lower interest rates on personal loans.

What are the advantages of applying for an online personal loan in Ahmedabad?

Applying for a personal loan online in Ahmedabad offers numerous advantages:

  • Apply anytime from anywhere without the need to visit a branch.
  • Get quicker approvals (subject to eligibility).
  • Submit documents digitally, making the process more efficient and hassle-free.

How is my personal loan in Ahmedabad eligibility calculated?

Personal loan eligibility in Ahmedabad is determined by factors such as age, monthly income, employment stability, credit score, and existing financial commitments. SMFG India Credit also offers an online eligibility calculator to help applicants quickly assess their borrowing capacity.

Read MoreRead Less

Contact Us

Branch Address 1

A-302, A-303, A-304, A-305, A-306 & B-306, Third Floor, Amrapali Lakeview, Opp. Vastrapur Lake, Vastrapur, Ahmedabad, Gujarat 380015

Branch Address 2

First Floor, FF- 1 Zodiac Avenue, Opp. Municipal Commissioner's Bunglows, Nr. Law Garden, Ellisbridge, Ahmedabad -380006, Gujarat

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).

Knowledge Center

View All
Highest CIBIL Score in India?

Highest CIBIL Score in India?

Your CIBIL score is a reflection of your creditworthiness. A high score indicates that you are a…

More...

Get a Personal Loan for Travel to Fund Your Dream Honeymoon

Get a Personal Loan for Travel to Fund Your Dream Honeymoon

A honeymoon is a once-in-a-lifetime opportunity to unwind, celebrate love, and create memories…

More...

How to Decorate Your Home for the Festive Season

How to Decorate Your Home for the Festive Season

Festive home decoration is all about embracing the event's spirit through thoughtful,…

More...

How to Use Personal Loans to Kickstart the New Year

How to Use Personal Loans to Kickstart the New Year

A new year brings a sense of renewal, motivation, and fresh opportunities. As people reflect on…

More...