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 13% 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: Swift disbursement after loan approval provides fast fund availability.

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 21 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 700.

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 Rs. 25,000* per month. If you are living in any other city, it is Rs. 16,000* 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.

**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:

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.

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