Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Calculate Personal Loan EMI

`
50,00025,00,000
Months
12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   6,642  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loan In Bhilai

If you know ‘Mini India,’ then you know Bhilai. This city is diverse in terms of its population and the plethora of industries in the region. The Bhilai Steel Plant was established in the 1950s with Soviet assistance. This steel plant is the sole producer of rails used by the Indian Railways. Bhilai has evolved into an educational and healthcare hub, boasting institutions and medical facilities.

In this dynamic landscape, personal loans emerge as a crucial financial tool, offering a pathway for individuals in Bhilai to realize their dreams and aspirations. Whether it's for education, healthcare, or any other personal endeavor, the availability of reliable and accessible personal loans plays a pivotal role in shaping the financial narratives of Bhilai's residents. Let’s explore the features, eligibility, documentation, and application process, empowering individuals to navigate their financial journey with confidence.

Features And Benefits Of Personal Loan In Bhilai

Hassle-free Application Process

Apply for a personal loan from anywhere in the world. SMFG India Credit offers a seamless online loan application process, thereby saving your precious time.

Quick Document Verification

Once you share the documents, we ensure the verification begins soon after receiving the application form.

Confidentiality and Privacy

Information today is more valuable than money. We take the trust you've placed in us seriously and preserve the confidentiality of your data.

Attractive Rates of Interest

Our personal loans start as low as 11.99%* per annum, allowing you to plan your EMIs stress-free.

Speedy Loan Payout

With our prompt review and verification system, we ensure you wouldn’t have to wait more than 24 hours* or 1 working day* to avail your personal loan amount.

Flexible Repayment Schedule

Be it 2 months or 60 months, feel free to tailor your repayment schedule and make it easy on your finances.

Eligibility Criteria For Instant Personal Loan In Bhilai

  • Age Bracket: Your age should be in the range of 21-60 years (for salaried) or 22-60 years (for self-employed).
  • Nationality: Indian citizenship is essential.
  • Employment Status: One year of work experience, with a minimum of six months at their current job (for salaried), and three years of operational experience (for self-employed).
  • Minimum Monthly Pay: A basic monthly salary of INR 20,000 is recommended for salaried employees. The minimum qualifying income is determined based on the annual sales and after-tax profits of self-employed individuals.

Documents Required To Apply For A Personal Loan In Bhilai

The list of essential paperwork you must keep handy 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 Bhilai

SMFG India Credit Personal Interest Rates:

Personal Loan Interest Rate

Starting at 11.99%* per annum

Processing Fee

0-6% of the total loan amount

Available Loan Amount

Up to INR 25 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

Delayed EMI Payment Interest

24% per annum on overdue outstanding balance, calculated per day

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 Bhilai?

Step 1: Enter your contact details on the online personal loan application page.

Step 2: Choose "self-employed" or "salaried" as your employment status.

Step 3: Give details such as your name, residence, occupation, date of birth, etc.

Step 4: Provide your bank information.

Step 5: Complete your application by attaching the necessary files.

Step 6: Before clicking "submit," check your form one last time. The customer support division will continue to review your application.

Step 7: With the cooperation of the executive, finish the remaining formalities.

Step 8: The loan will be disbursed as soon as the lenders are pleased with your eligibility and the documents have been validated.

Apply for Personal Loan

Contact Us

Address:

Ground Floor, GE Road, Opp to Nagar Nigam Vyavsayik Parisar, Block No.8A, Plot No.2, Vasundhara Nagar, Bhillai-3, Tahsil Patan Dist:-Durg, Chhatisgarh - 490021

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).

FAQs

How is my personal loan in Bhilai eligibility calculated?

To start with, an online loan eligibility calculator can help you determine your suitability for a personal loan. Your location, income, outstanding debts, previous credit behavior, and credit score are the factors lenders use to determine your creditworthiness.

What are the advantages of applying for an online personal loan in Bhilai?

Applying online for a personal loan in Bhilai offers you several benefits, such as:

  • Conveniencez
  • Loan amount as high as INR 25 lakhs*
  • Saving your precious time
  • 24/7 accessibility
  • Paperless application process
  • Prompt approvals
  • Flexibility in repayment tenure.
  • Transparency
  • Confidentiality
  • Secure transactions
  • Efficient customer support

How to get a lower interest rate on my personal loan in Bhilai?

Consider the following techniques for obtaining a reduced loan interest rate: maintain a good CIBIL score (at least 750), choose trustworthy lenders, decrease your debt-to-income ratio, enlist a co-signer or guarantor for added credibility, and ensure timely payment of all debts to avoid late accounts.

If I change my employer, will it affect my personal loan or EMI?

On the contrary, earning more than your previous job will positively impact you. However, lending institutions suggest readjusting your loan terms and interest rates to help you stay on track. It's important to keep your lender informed about any new developments to avoid future issues.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.