Personal Loan in Andhra Pradesh

Andhra Pradesh has one of the fastest growing economies in our country. Despite the pandemic, the state’s gross domestic product grew at almost 2% in 2020-21. Andhra Pradesh has also shown a rise in per capita income. This translates into more liquidity and gives opportunities to more personal opportunities. Personal loans today are beyond emergencies and contingencies. They are an opportunity for planned events on the personal front and business opportunities, which can be easily augmented with a personal loan in Andhra Pradesh. 

SMFG India Credit’s personal loan can be an apt product. It provides instant loans with an array of benefits like seamless documentation, processing time, and attractive interest rates. SMFG India Credit gives you financial freedom meeting your requirements easily. SMFG India Credit offers personal loan interest rates starting at as low as 13% with loan amount up to Rs. 30 Lakhs*. The loan repayment tenure is between 12 months to 60 months. SMFG India Credit’s personal loan in Andhra Pradesh is designed to be a befitting solution in case of financial requirements which may arise from any sudden event you may face, or an activity you would like to perform to achieve personal goals.

Benefits of Personal Loan in Andhra Pradesh:

1. Instant Personal Loan:

SMFG India Credit Personal Loan offers instant loan approval. The loan can be applied online and offline both. Hassle-free processing of SMFG India Credit personal loan in Andhra Pradesh makes the transaction extremely convenient. Once the internal approvals are provided, the loan amount is disbursed to your registered bank account within minutes. 

2. Easy Eligibility:

Salaried individuals and self-employed individuals can apply for SMFG India Credit personal loan in Andhra Pradesh with ease. You must be between 21 to 60 years of age. Salaried individuals need to be earning at least Rs. 20,000 on a monthly basis, with a work experience of at least a year, and need to be working in the current organization for a minimum of 6 months. The eligibility of self employed individuals is based on the minimum yearly profit after tax. The personal loan eligibility further also depends on the type of profession or industry.

3. Repayment Tenure:

You have complete flexibility in choosing the repayment tenure of your personal loan. You can choose a tenure between 12 months to 60 months.

4. Easy Documentation:

SMFG India Credit personal loan documentation includes filled and signed application form, identity proof, address proof, age proof, salary slips for the last three months if you are a salaried individual, bank statement for the last six months, income tax returns or, form 16, income proof / financial statements, the proof of income and expenditure document if you are a self-employed individual.

5. Ease of Application:

If you can apply for your personal loan online it is an easy process. The first step is to click on the ‘Apply Now’ button followed by filling up the form that is provided. Thereafter you need to specify the amount and tenure. The next step is to upload the required documents. The last step is to submit the transaction. Upon successful verification checks, the amount would be credited to your account. The other option is offline. Here you can visit your nearest branch of SMFG India Credit and our representatives will guide you through the offline process of applying.

6. Personal Loan Eligibility Calculator:

Personal loan eligibility varies from person to person. However, it mainly depends on your disposable income. SMFG India Credit’s personal loan eligibility calculator gives you the requisite details in just a few seconds after you key in all the details in it. This can help you in better planning.

7. Personal Loan EMI Calculator:

SMFG India Credit’s personal loan EMI calculator provides you the details of your future monthly outflow immediately after you enter the loan amount, repayment tenure, and rate of interest. This helps you plan a tenure so that the resulting EMI amount can be easily managed within your budget.

Apply for Personal Loan