The city of Ajmer is synonymous with culture and heritage. This lovely city in Rajasthan exemplifies the harmonious coexistence of different cultures and religions. Visiting this city will enrich your experience with a blend of history, spirituality, and natural beauty. It's a city that reflects the essence of India's rich heritage. Ajmer houses the revered shrine, the Ajmer Sharif Dargah, which draws millions of pilgrims annually.
Taking out a personal loan can be a great way to manage your finances when you need to make big purchases without worrying about emptying your savings. At SMFG India Credit, we make the loan application process easy and hassle-free. Our eligibility criteria are straightforward, along with the benefit of competitive interest rates.
SMFG India Credit offers personalised EMI options and repayment schedules customised to your financial situation. Ranging from 2 to 60 months, our flexible loan terms enable you to choose what works best for you.
Our personal loans cater to a wide array of needs, including medical emergencies, last-minute purchases, wedding expenses, travel, or home renovations.
You can now rest easy with our unsecured loans, as there is no need to arrange collateral or find a co-guarantor.
We understand the stress of paperwork. You can avail of loans of up to INR 30 lakhs* with minimal documentation.
Experience prompt disbursement of funds following final loan approval.
● Age: For salaried individuals, the age bracket is 21-60 years. Self-employed individuals in the age range of 22-60 years are eligible.
● Nationality: Indian citizens are qualified to apply for the personal loan.
● Employment Status: To qualify, you should have one year of work experience, with a requirement of at least six months with your current employer. If you're self-employed, your business should have operated for at least three years.
● Minimum Monthly Pay: It is desirable to have a monthly salary of at least Rs. 16,000*. Self-employed applicants must meet specific income standards based on their industry and occupational category, considering annual sales and post-tax profit.
Below is a list of essential documents you should keep in hand:
|
Document Category |
Salaried Individuals |
Self-Employed Individuals |
|
Identity Proof |
PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID |
PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID |
|
Compulsory Documents |
Coloured passport-size photograph; duly filled loan application form |
Coloured passport-size picture; duly filled loan application form |
|
Income Proof |
Salary slips for the last three months; form 16 or IT returns |
IT returns for the previous two years; IT challans, TDS certificates, or Form 26AS |
|
Proof of Ongoing Employment |
Joining letter/Appointment letter from present employer |
Utility Bills; Rent Agreement |
|
Residence/Business Proof |
Utility bills, Passport, Driver’s License, Voter ID, Rent Agreement, Ration Card, etc. |
License, GST number or registration certificate |
SMFG India Credit Personal Interest Rates:
|
Fee Type |
Applicable Charges |
|
Personal Loan Interest Rate |
Starting at 13%* per annum |
|
Processing Fee |
Up to 3.75% of the total loan amount + GST |
|
Available Loan Amount |
Up to INR 30 lakhs* (for salaried) and up to INR 10 lakhs* (for self-employed) |
|
Tenure of Loan |
Up to 5 years |
|
Minimum EMI Per Month |
INR 1,112 for 5 years or 60 months |
|
Late Payment Charges |
2% per month (24% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment |
|
Prepayment Expenses |
0-7% |
|
Loan Cancellation Charges |
INR 1000 + GST |
|
Cheque/ECS/NACH Dishonoured Charges |
INR 500 |
Follow these steps to initiate your personal loan application process with SMFG India Credit:
Provide necessary information such as your mobile number, PAN, pincode, and specify whether you are salaried or self-employed.
Verify your mobile number using a 6-digit OTP.
Fill in your email address, date of birth, gender, and annual household income details. Email ID verification is also required.
If you are salaried, provide the relevant employment details.
Please submit your bank statement via Net Banking, an Account Aggregator, or by uploading it. We will use this information to generate a loan offer (salaried applicants only).
Go through the process of digital identity verification and share address particulars using CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. It is necessary to take a selfie as a part of the identity verification process.
Add your bank details for our verification.
Post bank account verification, proceed to the section for ‘Additional Details’ where you have to fill in information such as the loan purpose and marital status.
Choose your preferred re-payment option between debit card and internet banking. Complete setting up E-NACH.
Digitally review and sign the loan agreement to acknowledge the terms and conditions, then authenticate it with an OTP.
Move toward your financial targets with these easy-to-follow steps from 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.
Branch Address 1
First Floor, 30/ 1748, Gopal Gang Nagra, Ajmer (Rajasthan) -305001
Branch Address 2
First Floor, 481-485 II, India Motor Circle, Kuchery Road, Ajmer, Rajasthan - 305 001
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).
Several factors are considered while deciding your eligibility for a personal loan. These include:
Nowadays, you can quickly check your eligibility for a personal loan by adding your details to the online eligibility calculator.
Applying for a personal loan online in Ajmer offers a variety of benefits, such as:
To get a lower interest rate, you can try adopting these strategies:
Changing your employer may affect your personal loan or EMI if it impacts your income stability. Lenders often consider your employment stability during the loan approval process. If you change jobs, inform your lender to assess any necessary adjustments to your loan terms.