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.
The personal loan documents required at SMFG India Credit are very minimal, and there is a comprehensive list to select from.
Here are a list of the basic eligibility criteria to apply for a personal loan in Ahmedabad with SMFG India Credit
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.
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.
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.
Follow these directions to apply for a personal loan from SMFG India Credit:
Complete these easy personal loan application steps to get closer to your financial targets.
* 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.
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.
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.
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.
For applicants in Ahmedabad, the minimum monthly income required to apply for a personal loan with SMFG India Credit is INR 20,000.
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).
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