Anand is a city in Gujarat, located close to Ahmedabad and Vadodara. The famous Amul Dairy has its headquarters in the city, effectively making Anand the ‘milk capital of India.’ It also houses several notable educational institutions and research centers. Both agriculture and industrial activities make up a significant chunk of the city’s economy. With the hustle and bustle of the city, the need to obtain financial assistance has become paramount. Let SMFG India Credit be your trusted partner in this journey. We provide swift personal loans at the tip of your fingertips. Learn more about the benefits and steps to apply for a personal loan in Anand.
SMFG India Credit is committed to making things easier for you. Our 100% online paperless loan application procedure is not only rapid and efficient but also provides a seamless experience.
Apply for unsecured loans easily without worrying about producing collateral, enabling easier access to financial assistance.
SMFG India Credit works hard to protect the privacy and accuracy of your information at all times.
We provide affordable interest rates beginning at 13%* per annum, allowing you to plan your EMIs with ease.
Prompt disbursement provides quick access to money.
Forget worrying about your finances. You can choose a repayment plan for two to sixty months.
● Age: Salaried individuals in the age range of 21-60 years and self-employed individuals aged 22-60 years are eligible.
● Nationality: Only an Indian citizen is eligible to apply.
● Employment Status: You need a minimum of one year of work experience, including at least six months with your current employer. For self-employed individuals, a business history of at least three years is necessary.
● Minimum Monthly Pay: A monthly pay of Rs. 16,000* is the basic requirement for salaried people. If you are self-employed, your qualifying income will be based on annual sales and after-tax profits in line with your industry and field of work.
Here is a list of essential documents you must keep ready before applying for a personal loan:
|
Document Type |
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:
|
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 get started with your loan application journey with SMFG India Credit:
Fill in personal details such as your mobile number, PAN, pincode, and employment type (salaried or self-employed).
Authenticate your phone number with a 6-digit OTP.
Add information like your email address, birth date, gender, and details about your annual household earnings. Ensure that your email ID is verified.
Provide employment details if you're receiving a salary.
Please provide your bank statement through Net Banking, an Account Aggregator, or by direct upload. The submitted banking information will be used to create a loan offer (applicable only to salaried individuals).
Complete the digital identity verification process and share address details using well-recognised methods such as CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. Make sure that you take a selfie to complete the identity verification process.
Submit your bank account details for verification.
Once your bank details are verified by us, you need to provide some more information, including loan purpose and marital status, in the ‘Additional Details’ section.
Choose between debit card and internet banking for re-payment, then finalise setting up E-NACH.
Carefully review the loan agreement, digitally sign it, and verify with the 6-digit OTP sent to your registered mobile number.
SMFG India Credit has designed these simple steps to help you advance towards your financial goals.
* 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.
Address:
First Floor, B S Chamber, Sardar Ganj, Anand - 388001, 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).
Getting a personal loan with a low CIBIL score in Anand may be possible by approaching lenders that offer flexible eligibility criteria. However, these loans often come with higher interest rates and stricter repayment terms. Adding a co-applicant with strong credit and stable income can improve your approval chances. Improving your CIBIL score to 700 or above is recommended for better loan terms.
Yes, individuals with a low salary can qualify for a personal loan in Anand if they meet other criteria like having stable employment and a good credit score. Opting for a smaller loan amount or adding a guarantor/co-applicant with a higher income can improve approval chances. For SMFG India Credit personal loans in Anand, the minimum monthly income requirement is Rs. 16,000* to apply.
SMFG India Credit offers an efficient online application process with quick approvals. However, the time taken to receive your personal loan will depend on factors like eligibility and the accuracy of your submitted documents.
To apply for a personal loan with SMFG India Credit in Anand, the minimum monthly income requirement is Rs. 16,000*.