Personal Loan In Gujarat

The wealthiest state of India, Gujarat, is well known for its vibrancy, culture, and heritage. Presently, this state is witnessing rapid growth with new industrialisation initiatives. It is a very tourist-friendly state, offering a treat with beautiful landmarks, temples, and palaces.

The state is a melting pot of traditions, celebrated through festivals like Navratri and the International Kite Festival. The state is an industrial powerhouse, housing key industries such as petrochemicals and textiles. Its vibrant cities, like Ahmedabad, Vadodara, and Surat, blend modernity with tradition, making Gujarat a go-to destination for both business and tourism. In the midst of this dynamic environment, personal loans in Gujarat emerge as a financial ally for individuals navigating the pathways of their dreams and ambitions. Let's explore the features, eligibility criteria, documentation requirements, and application process to avail personal loans in Gujarat with ease.

Features And Benefits Of Personal Loan In Gujarat

Online Application Process

SMFG India Credit believes in simplifying things for you. Our 100% paperless loan application process makes it easy for you to apply from anywhere at any time.

Collateral-free Loans

Parting with your assets, even temporarily, can be a bit stressful. As personal loans are unsecured, you no longer have to worry about offering collateral for security.

Privacy

Your data's confidentiality and integrity are paramount to SMFG India Credit, with stringent measures in place to maintain its safety consistently.

Competitive Rates of Interest

Our personal loan interest rates begin at a comfortable 13%* per annum, allowing you to set your EMIs stress-free.

Speedy Loan Payout

Quick loan disbursal within 30 minutes* of approval.

Flexible Repayment Schedule

Tailor your repayment schedule anytime between 2 and 60 months without stressing your finances.

Eligibility Criteria For Instant Personal Loan In Gujarat

• Age Requirement: Applicants should fall in the age range of 21-60 years (salaried) or 22-60 years (self-employed).
• Nationality: Indian residents are eligible for this loan.
• Work Experience:

  For Salaried Individuals: One year of work experience, including a minimum of 6 months with the current employer.

  For Self-Employed Individuals: Requires at least three years of operational experience.

• Minimum Monthly Income:

  For Salaried: A monthly salary of INR 20,000.

  For Self-employed: Minimum income is determined by considering annual sales and post-tax profits.

Documents Required To Apply For A Personal Loan In Gujarat

Here is a list of essential documents you must keep ready before applying for a personal loan:

How To Apply For A Personal Loan In Gujrat

Here are the steps to apply for a personal loan with SMFG India Credit:

1. Enter Key Information

Provide your mobile number, PAN, pincode, and specify whether you are salaried or self-employed.

2. Verify Your Mobile Number

A 6-digit OTP will be sent to your phone for mobile number verification.

3. Provide More Personal Details

Enter your email address, date of birth, gender, and details about your annual household income. Ensure your email ID is verified.

4. Fill Out Employment Details

Enter employment details if you are a salaried employee.

5. Submit Bank Statement

Kindly upload your bank statement or share it via Net Banking or an Account Aggregator. The banking information you provide will help us generate a loan offer (for salaried applicants only).

6. Complete Identity Verification

Complete online verifications for your identity (including taking a selfie) and share address information. This can be accomplished through well-known methods of CKYC, Offline Aadhaar XML-based KYC, or DigiLocker.

7. Provide Bank Account Information

Add your banking information for us to verify.

8. Fill in Additional Information

Once your bank account is verified, head to the ‘Additional Details’ section where you need to provide details such as the loan purpose and marital status.

9. Set Up E-NACH for Re-payment

Opt for re-payment via debit card or internet banking, before completing the E-NACH setup.

10. Review and Sign Digitally

Sign the loan agreement digitally after a thorough review and validate it with an OTP.

These simple steps from SMFG India Credit will guide you closer to your financial ambitions.

Apply for Personal Loan