Belgaum, also known as Belagavi, is a city in Karnataka state known for its lush greenery and pleasant climate. The city's economy depends on trade, manufacturing, and agriculture, with a focus on commodities like sugar, vegetables, and tobacco. It also houses some of the most reputed educational institutions in the country. The historical Belgaum Fort is a popular tourist destination. In Belgaum, where dreams converge with opportunities, the need for financial support often arises to turn aspirations into reality.
This is where SMFG India Credit can be your trusted partner in providing a financial lifeline for you to achieve your goals without worrying about finances. Learn more about the features, documents, and application process of how you can apply for a personal loan in Belgaum today!
You don’t have to rush to the nearest offline centre anymore. With SMFG India Credit, you can apply for a personal loan online and save more time.
Document checks begin soon after their submission on the portal.
The trust you place in us is of the utmost importance. We ensure the confidentiality of your data is maintained at all times.
SMFG India Credit offers personal loans with interest rates as low as 13%* per annum. Additionally, you can choose to repay your loan amount anytime, from 2 to 60 months.
Swift fund disbursement follows the final approval.
● Age: Applicants who are employed in companies/organizations/enterprises and fall in the age range of 21-60 years are eligible. If you are self-employed, the age bracket of 22-60 years is applicable.
● Nationality: Indian citizens are eligible to apply.
● Employment Status: For salaried individuals, at least a year’s work experience with a minimum of 6 months with your current employer is desirable. Self-employed applicants with 3 years’ business experience can qualify.
● 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 is determined based on your annual sales and after-tax profits, according to 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 Personnel (Any One) |
Self-Employed Individuals (Any One) |
|
Identity Proof |
PAN Card,Aadhaar Card,Driver’s License,Passport,Voter ID |
PAN Card,Aadhaar Card,Driver’s License,Passport,Voter ID |
|
Compulsory Documents |
Coloured passport-size photograph,Duly filled loan application form |
Coloured passport-size photograph,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% |
|
Stamp Duty |
Depending on the residence of the applicant |
|
Loan Cancellation Charges |
INR 1000 + GST |
|
Cheque/ECS/NACH Dishonoured Charges |
INR 500 |
Looking to secure a personal loan from SMFG India Credit? Here’s how you can do it:
Begin by providing essential details like mobile number, PAN, pincode, and clarify whether you are a salaried employee or are self-employed.
An OTP will be sent to your mobile number. Enter the 6-digit OTP to verify your number and continue.
Provide further details such as your email address, date of birth, gender, and annual household income. Verification of your email ID is also necessary.
Salaried persons need to give details specific to their employment.
You can provide your bank statement through Net Banking, an Account Aggregator, or by uploading it. Based on your submitted banking details, we will generate a loan offer (for salaried individuals only).
Digitally verify your identity and share address information through recognised platforms like CKYC, Offline Aadhaar XML-based KYC, DigiLocker. You must take a selfie to successfully complete the identity verification process.
Next, give your bank account details. We will verify this information.
After bank account verification, you will be directed to the ‘Additional Details’ section. Please provide details about your marital status, loan purpose, father’s name, and mother’s maiden name.
Select your preferred method of re-payment from a debit card or internet banking and complete the E-NACH setup.
Sign the loan agreement digitally after reviewing it carefully. Ensure that you validate this with an OTP.
Get closer to your financial objectives by following these simple steps of obtaining a personal loan at 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 plot no. 1257 CTS No. 5874M M Extention Sri Nagar Belgaum 590016 Karnataka
Branch Address 2
First Floor CTS NO 1373, Rajmani complex, Opp. City Arcade Muthoot Finance, Basavanna Temple Ramling Khind Galli, Belagum – 590002, Karnataka
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).
If your CIBIL score is low, you can explore lenders in Belgaum offering personal loans with more relaxed eligibility criteria. However, such loans may come with higher interest rates and stricter repayment conditions. Adding a co-applicant with a stable income and strong credit score can improve your chances of approval. Increasing your CIBIL score to 750 or above is recommended before you apply for a personal loan.
Yes, individuals with a low salary can still get personal loans in Belgaum by meeting other criteria such as a good credit score and stable employment. Opting for a smaller loan amount or including a co-applicant with a higher income can strengthen your application. For a personal loan application at SMFG India Credit, the minimum monthly income requirement for residents in Belgaum is INR 20,000.
The time taken to process a personal loan in Belgaum depends on the lender, your eligibility, and the accuracy of your documentation. With SMFG India Credit’s efficient online application process, approvals and disbursals are often quick, provided all requirements are met.
To be eligible for a personal loan from SMFG India Credit in Belgaum, applicants must have a minimum monthly income of INR 20,000.