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 Loans In Hubli

Hubli, also known as Hubballi, is a major city in the state of Karnataka that is known for its trade and business activities, especially in the areas of cotton and iron. The city is well-connected by road and rail networks, making it a significant transportation hub in the region. Hubli is also renowned for its educational institutions and cultural heritage, making it a vibrant and diverse city in Karnataka.

In Hubli, personal loans serve as crucial funding for various needs. Residents often seek personal loans for reasons like home renovations, covering educational expenses, managing medical emergencies, or consolidating debts. These loans provide essential financial support, allowing individuals in Hubli to address immediate financial requirements and invest in their future endeavours, ensuring stability and progress in their lives.

Features And Benefits Of Personal Loans In Hubli

Online Applications

Easy-to-use online platforms have simplified the personal loan process in Hubli, making it incredibly convenient for residents seeking financial assistance.

Paperless Process

Hubli has embraced a paperless application system, streamlining applications through electronic document submission. This saves time for applicants and makes the process more efficient for both parties involved.

Collateral-Free Loans

Residents in Hubli can access loans without needing collateral. This allows individuals without substantial assets to secure loans based on their credibility and financial standing.

Affordable Rates

Competitive interest rates starting at 11.99%* per annum make loans in Hubli financially viable.

Flexible Repayment Tenures

Diverse repayment options tailored to the financial capacities of its residents are available. This flexibility ensures that monthly budgets are manageable, easing the repayment process for borrowers.

Versatile Usage

Funds obtained through personal loans in Hubli can be utilised for various purposes, ranging from supporting small businesses and funding weddings to addressing personal commitments. This versatility enhances financial freedom, therefore enabling them to meet their diverse needs.

Eligibility Criteria For Personal Loans In Hubli

  • Citizenship Requirement: Indian citizens can apply.
  • Age Criteria: Applicants' ages should be between 21 (or 22) and 60 years old.
  • Employment Status: Applicants must be employed in a public sector enterprise, registered private limited company, or be self-employed.
  • Minimum Monthly Income: Salaried individuals are required to have a monthly income of INR 20,000 or more.
  • Creditworthiness: A minimum CIBIL score of 750 or higher is necessary.
  • Self-Employed Eligibility: For self-employed individuals, eligibility is determined by their minimum annual post-tax profit and specific profession or industry.

Necessary Documentation For Personal Loans In Hubli

It is important to keep the following documentation in check when applying for a personal loan in Hubli:

Document Category

Salaried Individuals

Self-Employed Individuals

Identity and Address Verification

Aadhaar card, passport, voter ID, driver's licence

Aadhaar card, passport, voter ID, driver's licence

Income/Salary Verification

Salary slips

Income tax returns, audited financial statements

Financial Records

Bank statements showing income, expenses, and savings

Bank statements showing income, expenses, and savings

Photographic

Recent passport-sized

Recent passport-sized

Identification

Photo

Photo

Interest Rates For Personal Loans In Hubli

Personal loan interest rates are influenced by diverse factors, including age, location, employment status, financial background, monthly income, repayment capacity, loan amount, duration, and a robust CIBIL score of 750 or higher, among other factors.

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 Hubli

Step 1 - Visit the Website: Open the website at www.smfgindiacredit.com.

Step 2 - Go to the Personal Loan Page: Locate and click on the section dedicated to loan applicants seeking personal loans.

Step 3 - Complete the Application Form: Fill out the online form accurately, including personal details, employment information, and the desired loan amount.

Step 4 - Upload Required Documents: Scan or take clear photos of necessary documents (identity, address, income proof) and upload them on the website.

Step 5 - Instant Eligibility Check: Upon submission, your information undergoes processing. If eligible, you will promptly receive confirmation due to automated checks.

Step 6 - Disbursal: If eligible, an SMFG India Credit representative will reach out. They will assist you through subsequent steps, including additional verification and finalising the loan agreement. Upon successfully reviewing and verifying your details, the approved loan amount will be credited to your designated bank account.

Ensure all information provided is accurate and the correct documents are uploaded for a seamless application process.

Apply for Personal Loan

Contact Us

Branch Address 1

Second Floor, Wali Nirvana Tradewinds, Office No:-215, 216 & 217, Opp KSRTC Depot, Hosur, Vidhya Nagar, Hubli - 580021, Karnataka

Branch Address 2

Upper Ground Floor & Third Floor, Shop No-22, Yashasvi Savadi Enclave, Gandhi Nagar, Kumara Park Road, Opp. KEC, Gokul Road, Hubli - 580030, Karnataka

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 do I know if I am eligible for personal loans in Hubli?

When seeking a personal loan in Hubli, your eligibility is evaluated through various essential factors:

  • The loan amount you request,
  • Your income,
  • Credit score,
  • Employment background,
  • Debt-to-income ratio.

The lending institution thoroughly assesses these elements to gauge your eligibility for the personal loan application.

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

Applying for a personal loan online in Hubli is a streamlined and efficient process. It offers convenience, speed, and ease, enabling you to initiate the application from your home's comfort. These online loans feature appealing interest rates and require minimal documentation. Following swift verification, the lending institution promptly disburses the loan, ensuring a smooth borrowing experience.

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

To obtain a personal loan with favourable interest rates in Hubli, it's crucial to follow these strategies:

  • Maintain a good credit score (750 plus).
  • Clear existing debts,
  • Improve your debt-to-income ratio.
  • Choose a loan amount and tenure that aligns with your financial capacity.

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

If you change your employer and your new income is lower than the previous one, your personal loan might be affected. In that case, the lender might require an extension of the loan term or a reduction in the EMI amount. To avoid any inconvenience, provide your new employment details to the lender as soon as possible.

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