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 Bikaner

Located in the northern region of Rajasthan, Bikaner is home to ancient palaces and forts. The city has a booming tourism industry and is aptly named ‘Camel Country’ owing to one of the largest camel research farms in the world. 

You can get a personal loan in Bikaner from SMFG India Credit, which can be used for multiple purposes including travel, weddings, or medical emergencies. We offer personal loans with many benefits such as easy online application, quick disbursal times, minimum documentation requirements, and more. Let us take a look at the benefits, eligibility criteria, and the required documents in more detail.

Benefits of a Personal Loan in Bikaner

No collateral required: Being unsecured loans, you do not have to pledge any collateral to get a personal loan in Bikaner.

Attractive interest rates: Eligible applicants can enjoy interest rates as low as 11.99% per annum* at SMFG India Credit.

Minimal documentation: SMFG India Credit requires only essential documents so that you can get the necessary funds without heavy paperwork.

Quick disbursal times: Once the loan is approved, the funds will be disbursed to your account within just 30 minutes*.

Flexible repayment schedule: SMFG India Credit offers flexible repayment tenures of up to 5 years or 60 months. You can choose an EMI amount and tenure that fits your budget.

Eligibility Criteria for a Personal Loan in Bikaner

Nationality: You must be a residing citizen of India.

Age: For salaried applicants, the age limit is between 22 and 65 years. Please note that you must not be more than 65 at the time of loan maturity. For self-employed applicants, the age limit starts at 25 years.

Credit score: Along with a good cibil score, you must have a minimum credit or CIBIL score of 750.

Work experience: Salaried employees must have at least 1 year of work experience, with a minimum of 6 months with the current employer. Self-employed applicants must have a business that has been operating for a minimum of 3 years.

Minimum income: If you are a salaried employee living in Delhi or Mumbai, you must have a minimum income of INR 25,000* per month. If you are living in any other city, it is INR 20,000* per month. If you are self-employed, the eligibility income depends on the yearly profit after taxes and minimum annual turnover. This value, in turn, depends upon the nature of the industry or the profession.

**Given above are basic eligibility criteria. The final eligibility will be determined by several parameters including the SMFG India Credit’s policy at the time of loan application.

Documents Required to Apply for a Personal Loan in Bikaner

The documents required to apply for a personal loan in Bikaner include proof of income, employment, and residence among others. Please note that the documents vary slightly for salaried and self-employed applicants.

Document Type

Salaried Individuals

Self-Employed Individuals

 

Identity Proof

  • PAN Card,
  • Aadhar Card,
  • Driver’s License,
  • Passport,
  • Voter ID, etc
  • PAN Card,
  • Aadhar Card,
  • Driver’s License,
  • Passport,
  • Voter ID, etc

 

Mandatory 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 3 months
  • Account statements for the past 6 months
  • Form 16 or IT returns
  • IT returns for the previous 2 years
  • IT challans, TDS certificates, or Form 26AS
  • IT assessment or clearance certificate
  • Business proof (License, GST number, or registration certificate)
  • Balance sheet and profit and loss account

 

Residence Proof

  • Utility bills,
  • Passport,
  • Driver’s License,
  • Voter ID,
  • Rent Agreement,
  • Ration Card, etc.
  • Utility bills,
  • Passport,
  • Driver’s License,
  • Voter ID,
  • Rent Agreement,
  • Ration Card, etc.

**Please note that this list is only indicative. Additional documents may be requested depending on your profile and SMFG India Credit’s policy at the time of loan application.

Interest Rates and Charges for a Personal Loan in Bikaner

Here are the personal loan interest rates and charges for SMFG India Credit:

Personal Loan Interest Rate

Starts at 11.99% per annum*

Processing Fee

Between 0% to 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 or 60 months

Lowest EMI Per Lakh

INR 1,112 for 5 years or 60 months

Late Payment Charges (Applicable for Payment Default)

2% plus GST charged monthly (24% per annum) on the overdue amount calculated on a day-to-day basis

Prepayment Expenses

0% to 7%

Loan Cancellation Charges (Loan Cancelled Before First EMI)

INR 1,000

Cheque/ECS/NACH Dishonoured Charges

INR 300

Steps to apply for a Personal Loan in Bikaner

To apply for a personal loan in Bikaner, follow these steps:

  1. Visit our website at www.smfgindiacredit.com to start the loan application process or click here.
  2. Provide the required details such as your mobile number, PAN, pincode, and type of employment – salaried or self-employed.
  3. Verify your mobile number with a 6-digit OTP. Email ID verification is also necessary.
  4. Proceed to add more details like your email address, date of birth, gender, income, and history of employment.
  5. Review the loan terms, including the desired amount, associated fees, and repayment options. Confirm acceptance once you are satisfied. We will also provide an option for you to choose a higher loan amount. 
  6. If you are a salaried employee, you need to provide the relevant employment details.
  7. Next, you need to complete identity and address verification using well-known methods like CKYC, OKYC, or DigiLocker.
  8. Submit your bank account details, which will be verified by us. Post verification, you will be directed to the 'Additional Details' section. Enter information such as the loan’s purpose, your marital status, references, and so on.
  9. Select your preferred mode of payment and complete the eNACH setup.
  10. Review the loan agreement carefully before digitally signing it. Validate the same with an OTP.

These simple-to-follow instructions from SMFG India Credit will take you one step closer to achieving your goals with a personal loan in Bikaner.

Apply for Personal Loan

* 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

Branch Address 1

Plot No 7, First Floor, Panchshati Circle, Sarduljang, Bikaner-334003

Branch Address 2

Ground Floor, Khasra No:-178, Shiv Bari, Patal Nagar, Near Mahila ITI,Bikaner, Rajasthan - 334 001

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 is my eligibility decided for a personal loan in Bikaner?

Several factors such as age, credit score, income, type of employment, debt-to-income ratio are used to determine personal loan eligibility.

What are the different advantages of applying for a personal loan in Bikaner?

Some of the main advantages of applying for a personal loan in Bikaner are:

  • Quick and easy online application process
  • Attractive interest rates starting at 11.99% per annum* for eligible applicants
  • A flexible repayment schedule of up to 60 months*.
  • Minimal documentation requirements for a straightforward process
  • Quick disbursal time of 30 minutes* once the loan is approved

How can I lower the interest rate for a personal loan in Bikaner?

Here are some ways to ensure you can get a lower interest rate:

  • Make sure to clear any outstanding debts before applying for a loan.
  • Work on maintaining a strong credit history and a credit score of at least 750.
  • Keep your credit utilisation ratio below 30%
  • Go for a loan amount and tenure that does not put undue stress on your finances. A personal loan EMI calculator can help you plan your finances more effectively.

If I change my employer, will my personal loan or EMI be affected?

Changing your employer will not have any significant effect on your personal loan or EMI provided that the new income is not lower than your current income. If the income is lower, the lender may require you to lower the monthly amount or extend the loan tenure. It is best to inform the lender of employment changes promptly to keep them updated.

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