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Personal Loan In Anand
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.
Features And Benefits Of Personal Loan In Anand
Paperless Application Process
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.
Collateral-free Loans
Apply for unsecured loans easily without worrying about producing collateral, enabling easier access to financial assistance.
Confidentiality
SMFG India Credit works hard to protect the privacy and accuracy of your information at all times.
Competitive Interest Rates
We provide affordable interest rates beginning at 13%* per annum, allowing you to plan your EMIs with ease.
Quick Loan Repayment
After your loan is approved, loans are credited to your chosen account in less than 30 minutes*.
Adjustable Payback Schedule
Forget worrying about your finances. You can choose a repayment plan for two to sixty months.
Eligibility Criteria For Instant Personal Loan In Anand
● 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 INR 20,000 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.
Documents Required To Apply For A Personal Loan In Anand
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 |
Interest Rates On Personal Loans In Anand
SMFG India Credit Personal Interest Rates:
|
Personal Loan Interest Rate |
Starting at 13%* per annum |
|
Processing Fee |
Up to 5% 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% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis. |
|
Prepayment Expenses |
0-7% |
|
Loan Cancellation Charges |
INR 1,000 |
|
Cheque/ECS/NACH Dishonoured Charges |
INR 300 |
How To Apply For A Personal Loan In Anand?
Follow these steps to get started with your loan application journey with SMFG India Credit:
- Input Key Details
Fill in personal details such as your mobile number, PAN, pincode, and employment type (salaried or self-employed).
- Verify Contact Information
Authenticate your phone number with a 6-digit OTP.
- Add More Details
Add information like your email address, birth date, gender, and details about your annual household earnings. Ensure that your email ID is verified.
- Submit Employment Details
Provide employment details if you're receiving a salary.
- Provide Bank Statement
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).
- Conduct Identity Verification
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.
- Enter Bank Account Details
Submit your bank account details for verification.
- Share Additional Information
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.
- Set Up E-NACH
Choose between debit card and internet banking for re-payment, then finalise setting up E-NACH.
- Review and Sign the Loan Agreement
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.
Contact Us
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).
FAQs
How to get a personal loan with a low CIBIL score in Anand?
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 750 or above is recommended for better loan terms.
Can a person get a personal loan for a low salary in Anand?
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 INR 20,000.0 to apply.
How long does it take to get a personal loan in Anand?
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.
What is the minimum income requirement to get a personal loan in Anand?
To apply for a personal loan with SMFG India Credit in Anand, the minimum monthly income requirement is INR 20,000.
This facility is currently unavailable. We regret the inconvenience caused. In case of any queries, please call us on 18001036001 or write to us at [email protected]