Personal Loan in Delhi NCR

Overview

Apart from being the political epicentre, Delhi is a major economic hub with plenty of livelihood opportunities for everyone, be it a salaried individual, or a self-employed individual.

However, the cash crunch can affect people anytime. And to overcome these monetary hurdles, you can choose to personal loan in Delhi through SMFG India Credit. We provide financing for up to Rs. 25 lakhs on flexible tenure between 12 months and 60 months. You are not required to put up a collateral to avail of this loan.

Documents & Eligibility to Apply for the Loan

Below-provided are the documents required for an instant personal loan in Delhi:

• To apply for a personal loan in Delhi NCR you need to submit documents such as your PAN card copy, government-recognized address proof, identity proof, and bank statements
• Recent passport-sized photographs with a duly filled and signed loan application form will also be required to complete the application
• Apart from these, you may need to submit Form 16 or proof of Income tax returns - this is especially important if you are a self-employed individual
• If you are salaried, we will also require salary slips of the last 3 months if you are a self-employed individual, audited copies of your business’s financial statements will also be required

NOTE: There could be other documents required depending on your personal/professional profile. So, get in touch with our team to understand the additional documents you have to submit.

Here are some of the personal loan eligibility criteria for your reference:

• You must be a residing citizen of India
• Your age must be between 21 years and 60 years
• You should be a self-employed individual. You can be an employee of a public sector undertaking (local body, state, or central), or a private limited company
• As a salaried person, your minimum work experience should be of at least 1 year, with 6 months completed with the current employer
• If you are a self-employed individual, we will consider the yearly profit after tax, annual turnover, and other factors to determine your personal loan eligibility

Minimum Salary to Get a Personal Loan in Delhi

If you are a resident of Delhi, then your monthly salary should be at least Rs. 25,000 to apply for the loan. The minimum salary requirement is the same for residents of Mumbai. However, if you are residing in any other city of India, then the minimum monthly salary requirement is Rs. 20,000.

Personal Loan Interest Rates in Delhi NCR

We at SMFG India Credit offer an affordable instant personal loan in Delhi beginning at 11.99%. We analyze your financial profile, repayment capacity, and credit score to finalize the loan amount, rate, and tenure. Other factors that we consider to determine the loan deal are your age, residential location, monthly income, existing monthly financial liabilities including credit card debts, etc.

• The loan processing fee is up to 3% of the principal amount you borrow
• We also have the facility for foreclosure, but a charge applies depending on the tenure you choose to foreclose the loan
• You can foreclose the loan after paying the first 6 EMIs

How to Apply for the Loan?

To get an easy personal loan in Delhi, you can apply online on our website by clicking the “Apply Now” button on the top-right hand side. Please provide the details as mentioned in the loan application form and ensure that you are entering the information carefully. Before applying, it is advisable to keep a soft-copy of the required documents handy for a quick upload. After you submit the application, our team will review your request, and contact you shortly regarding the personal loan application status.

• You can also visit us at our branch office. Find the nearest one in your area and talk to our customer representative about the available schemes for a personal loan in Delhi NCR.
• If you are interested in the offer, you can apply for the loan and submit the hard-copy of the documents.
• After verification of the documents and loan application details, we will inform you about the decision of the lender.

Alternatively, you can also contact us via telephone on our toll free number - our representative will be happy to guide you. If you prefer the digital touch, you can also download the SMFG India Credit Instaloan app on your mobile and use the app to apply for a personal loan. Please note however, that at the moment, the Instaloan app can only be used by salaried individuals. If you are self-employed, you can use any of the other channels mentioned above.