Primarily Chandigarh and by extension Punjab is known as the agricultural capital of the country. However, it is quickly becoming one of the fastest developing smart cities in India and boasts of a burgeoning upper-middle-class population.
Thus, if you are a salaried or a self-employed individual and are looking for a personal loan in Chandigarh, you have come to the right place. SMFG India Credit offers personal loans customised to the needs of every individual.
With a personal loan from SMFG India Credit of up to Rs. 10 Lakhs, residents of Chandigarh can now fund weddings, medical bills, home renovations, higher education or even consolidate debt.
Here is a list of the basic eligibility criteria to apply for a personal loan at SMFG India Credit:
You can also determine your eligibility by using the Personal Loan Eligibility Calculator on the SMFG India Credit website.
If you meet these criteria, the next step involves providing the documents to verify the information that you initially submitted. Here is a list for your reference.
The minimum salary requirement is Rs. 25,001* per month to get a personal loan for salaried individuals.
Personal loan interest rates at SMFG India Credit starts at 12.5%* applicable for both salaried and self-employed professionals. However, the interest rate can vary for up to 30%. It largely depends on the amount of loan requested, the tenure selected your profile and credit history, and your current financial status.
There is also a processing fee component which can be Up to 4% of the total loan amount + GST. Typically, SMFG India Credit offers loans with a repayment period of anywhere between 12 and 60 months. If you intend to foreclose the loan, a prepayment charge may be applicable ranging between 2% to 7%. Please visit our personal loan interest rates page to know more.
There are two ways of loan application at SMFG India Credit – online or submitting a hardcopy application at your nearest SMFG India Credit office.
Follow these steps to make your application online:
A customer service representative will get in touch with you on receipt of the application and your documents.
If you choose a personal touch, you can submit the application form along with copies of your documents at a branch office. Our team will be happy to guide you with any query or issue.
Alternatively, you can always reach out to the customer support team on our toll-free number 1800 103 6001 (from 10:00 AM to 7:00 PM on all days except Sundays and public holidays) or email us at
* 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.
Applicants are generally assessed based on factors such as age, income stability, repayment capacity, employment type, and credit history. You can review the complete personal loan eligibility criteria here before starting the application process.
Personal loan interest rates at SMFG India Credit start from 12.5%* per annum for eligible applicants. The final applicable rate may vary depending on your credit profile, income level, repayment tenure, and current financial obligations.
Applicants who complete the application and verification process successfully may receive the loan amount within a relatively short period after approval. However, actual timelines may vary depending on internal processing and documentation checks.
Applicants typically need to submit identity proof, address proof, PAN card, income proof, recent bank statements, salary slips, or ITR documents. Additional documents may also be requested depending on the applicant’s profile.
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
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