Personal Loan in Faridabad

Faridabad is a rapidly developing city located in the northern Indian state of Haryana, known for its industrial sector and proximity to the national capital, Delhi. Personal loans in Faridabad have become a popular option for people in need of funds for various personal reasons. These loans offer flexibility in terms of loan amount and repayment tenure, and can be used to fund expenses such as travel, education, or debt consolidation. SMFG India Credit's personal loans in Faridabad offer competitive interest rates and flexible repayment options to help individuals meet their personal expenses.

Eligibility For Personal Loan

To be eligible for personal loans in Faridabad, you must meet the following criteria:

1. You must be an Indian citizen, aged between 21 and 60 years
2. You must be employed, self-employed, or have a regular source of income
3. Your credit score must be 750 or above
4. Your monthly EMI obligation should not cross 70% of your monthly income

Apart from this, you can check your eligibility for personal loan through an online eligibility calculator.

Types Of Personal Loans In Faridabad

There are several types of personal loans available in Faridabad, including one for:

1. Salaried Individuals
2. Self-Employed Individuals
3. Medical Expenses
4. Debt Consolidation
5. Home Renovation
6. Wedding Expenses

Documents For Personal Loan In Faridabad

To apply for personal loans in Faridabad, you will need to submit the following documents:

1. Identity proof (Aadhar card, PAN card, driving licence, etc.)
2. Address proof (Aadhar card, driving licence, electricity bill, etc.)
3. Income proof (salary slip, account statement, ITR, etc.)
4. Employment proof (employment certificate, salary slip, etc.)

Apart from these, you must know more about documents for personal loan that you should submit according to the lender’s requirements.

Interest Rates & Repayment Tenure

The interest rates and repayment tenure of personal loans in Faridabad vary depending on the lender and your credit profile. Typically, these come with an interest rate of 13%* per annum and a repayment tenure of 12 to 60 months. 

How To Apply For A Personal Loan In Faridabad

To verify your eligibility, you can either visit the SMFG India Credit website or visit your nearest SMFG India Credit branch office.
Provide your personal and financial details by filling out the application form. Don't forget to include the required documentation, like KYC papers, income proof, and bank statements. 

Once the verification process is over and your loan is approved, the funds will be deposited into your account.

Personal Loan Application Process

If you’re planning to apply for a personal loan from SMFG India Credit, here’s how to do so:

1. Provide Basic Information

Input details such as your mobile number, PAN, pincode, and employment status (salaried or self-employed).

2. Verify Your Contact Number

Authenticate your mobile number with the 6-digit OTP sent to your phone.

3. Submit More Details

Provide additional information like your email address, date of birth, gender, and annual household income. Verify your email ID too.

4. Provide Employment Information

If salaried, provide your employment details.

5. Submit a Bank Statement

You may share your bank statement via Net Banking, an Account Aggregator, or by uploading it. Based on your submitted details, we will generate a loan offer (only for salaried individuals).

6. Complete Identity Verification

Complete the identity verification process by taking a selfie and submitting address details through CKYC, Offline Aadhaar XML-based KYC, or DigiLocker.

7. Submit Bank Account Details
   Provide your bank account information for verification.

8. Enter Additional Information
   After bank account verification, complete the ‘Additional Details’ section with information such as the loan purpose, marital status, father’s name, and mother’s maiden name.

9. Choose Re-payment Mode and Finalise E-NACH
   Select your re-payment method (debit card or internet banking) and set up E-NACH.

10. Digitally Sign and Validate the Loan Agreement
    Carefully review the loan agreement, digitally sign it, and validate the process with an OTP.

Follow these straightforward steps to secure a personal loan and achieve your financial aspirations.

Features And Benefits Of Personal Loans In Faridabad

1. Personal loans are easy to obtain, and the application process is simple and straightforward.
2. Personal loans are disbursed quickly, usually within 30 minutes* of loan approval.
3. Personal loans offer flexible repayment options, allowing you to choose a repayment tenure that suits your needs and budget.
4. Personal loans are unsecured, meaning you do not need to put up any collateral to obtain the loan.

Different Types of Calculators:

To assist you in planning your financial objectives, SMFG India Credit offers two personal loan calculators. The personal loan eligibility calculator can provide an estimate of the amount you may be eligible for, while the personal loan EMI calculator can give you an idea of your monthly payment. These calculators are both free of charge and can be used repeatedly.

Apply for Personal Loan