Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Calculate Personal Loan EMI

`
50,00025,00,000
Months
12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   6,642  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loan In Hosur

Hosur is a vibrant industrial city in Krishnagiri district, Tamil Nadu, India. It is a manufacturing hub for industrial giants like Ashok Leyland, Kansai Nerolac Paints, Titan, Stellantis, Ather Energy, TVS Motors, Caterpillar, and Schaeffler. Its unique location along the Tamil Nadu-Karnataka border makes it an important part of the Golden Quadrilateral project. Hosur also boasts historical importance and is home to the famous Sri Venugopala Swamy Temple, the Hosur Fort, and the Punganur Lake. The city is known for its natural beauty and pleasant weather.

If you are looking for a personal loan in Hosur to meet your financial needs, SMFG India Credit can assist you with quick and easy access to funds. Let’s explore the features, eligibility criteria, documentation requirements, and step-by-step process of applying for a personal loan in Hosur.

Features And Benefits Of Personal Loan In Hosur

Flexible Repayment Schedule

With SMFG India Credit, you can choose an EMI plan and repayment schedule that suit your budget. We offer a flexible loan repayment schedule of 2 to 60 months at competitive interest rates (starting at 11.99%* per annum).

Loans for Different Needs

Whether a medical emergency, wedding, travel, or home renovation, a personal loan can provide the necessary financial support to fulfil your needs.

No Need for Collateral

Being an unsecured loan, you no longer have to worry about arranging for collateral or a co-guarantor.

Minimal Documentation

You can avail a personal loan of up to Rs. 25 lakhs* with a seamless online application process and essential documents to verify your request.

Prompt Loan Disbursal

Our support team ensures that verifications are done in almost real-time to provide personal loans in less than 24 hours* or 1 working day*.

Eligibility Criteria For Instant Personal Loan In Hosur

  • Age: The individual can be anywhere between 21-60 years of age. The minimum age for self-employed individuals is 22 years.
  • Nationality: The applicant must be a citizen and resident of India.
  • Employment Status: A work experience of at least one year, with at least six months with the present employer, is required. If self-employed, the individual must have been in business for at least three years.
  • Minimum Monthly Pay: A minimum of INR 20,000 in monthly salary is desirable to qualify for a personal loan in Hosur. In the case of the self-employed, the minimum annual sales and profit (after taxes) based on industry type and work domain determine the income.

Documents Required To Apply For A Personal Loan In Hosur

When applying for a personal loan, prepare all essential documents (originals and copies) beforehand to save time and energy during the application process. The documents may vary slightly depending on your employment status. Here is a list of the required paperwork:

Document Type

Salaried Individuals

Self-Employed Individuals

Identity Proof

PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID

PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID

Compulsory Documents

Coloured passport-size photograph; duly filled loan application form

Coloured passport-size picture; duly filled loan application form

Income Proof

Salary slips for the last three months; form 16 or IT returns

IT returns for the previous two years; IT challans, TDS certificates, or Form 26AS

Proof of Ongoing Employment

Joining letter/Appointment letter from present employer

Utility Bills; Rent Agreement

Residence/Business Proof

Utility bills,Passport,Driver’s License,Voter ID,Rent Agreement,Ration Card, etc.

License, GST number or registration certificate

Interest Rates On Personal Loans In Hosur

SMFG India Credit Personal Interest Rates:

Personal Loan Interest Rate

Starting at 11.99%* per annum

Processing Fee

0-6% of the total loan amount

Available Loan Amount

Up to INR 25 lakhs* (for salaried) and up to INR 10 lakhs* (for self-employed)

Tenure of Loan

Up to 5 years

Minimum EMI Per Month

INR 1,112 for 5 years or 60 months

Delayed EMI Payment Interest

24% per annum on overdue outstanding balance, calculated per day

Prepayment Expenses

0-7%

Loan Cancellation Charges

INR 1,000

Cheque/ECS/NACH Dishonoured Charges

INR 300

How To Apply For A Personal Loan In Hosur?

Applying for a loan is no longer a complicated procedure. Follow these simple steps to apply for a personal loan in Hosur:

Step 1: Open the portal for personal loan applications. Add your contact details.

Step 2: Provide important details such as DOB, qualification, address, etc. Do remember to avoid making any mistakes while filling out the form.

Step 3: Select ‘salaried’ or ‘self-employed’ as your current work status.

Step 4: Add details about your bank account.

Step 5: Upload digital copies of your documents, such as ID proof, income proof, bank statements, etc.

Step 6: Click ‘submit’, after which your details will be sent to customer service.

Step 7: An associate will contact you to guide you further.

Step 8: Once the lending institution is satisfied with the details provided, the loan amount will be credited as soon as possible.

Apply for Personal Loan

Contact Us

Address:

Third Floor, No:-28/29, GKV Tower, Opp. Sub Collector Office, Denkanikottai Road, Shanthi Nagar, Hosur - 635109, Tamil Nadu

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:00 AM to 7:00 PM (except Sundays and public holidays).

FAQs

How is my personal loan in Hosur eligibility calculated?

Several factors, such as the loan amount, your income, credit score, employment history, and debt-to-income history, determine your eligibility for a personal loan. These factors are then used to calculate your eligibility for a personal loan.

What are the advantages of applying for an online personal loan in Hosur?

Applying for a personal loan online in Hosur is simple, quick, and convenient. You can start the application process from the comfort of your home. These loans are available at attractive interest rates and require minimal documentation. After a quick verification, the lending institution can disburse the loan in no time.

How to get a lower interest rate on my personal loan in Hosur?

You can use these tips to ensure the availability of a personal loan at low interest rates:

  • Ensure you have a good credit score. A CIBIL score of 750+ is desirable.
  • Remember to clear all outstanding debts.
  • Improve your debt-to-income ratio.
  • Select a loan amount and tenure that are comfortable and don’t stress your finances.

If I change my employer, will it affect my personal loan or EMI?

Changing your employer will only be significant if your new income is lower than your previous income. The lending institution may ask you to extend the loan term or reduce the EMI amount. It would be best to submit your new employment details to the lender to keep them updated.

* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.