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

Jabalpur is a city located in the central Indian state of Madhya Pradesh, known for its rich cultural heritage and natural beauty. With the rising cost of living, personal loans in Jabalpur have become a popular choice for people looking for financial assistance to meet their personal expenses. These loans are easy to obtain and can be used for various purposes, including education, home renovation, or debt consolidation. SMFG India Credit is a leading financial institution that offers a range of financial products and services, including personal loans, to individuals in Jabalpur.

Eligibility For Personal Loans In Jabalpur

The eligibility criteria for a personal loan in Jabalpur at SMFG India Credit is as follows:

  1. Age: You should be at least 21 years old and not more than 60 years old.
  2. Income: You should have a regular source of income, with a minimum monthly income of  INR 20,000.
  3. Credit score: You should have a good credit score of at least 750 or higher to be eligible for a personal loan.
  4. Employment: You should be salaried or self-employed with a minimum work experience of 1 year, and 6 months at the current company.
  5. Nationality: You should be a Resident Indian.

Interest Rates For Personal Loans In Jabalpur

Personal loan interest rates in Jabalpur vary depending on several factors, such as the loan amount, repayment tenure, and credit score. On average, interest rates for personal loans in Jabalpur start from 11.99%* per annum. The interest rate offered to you may depend on various factors such as your credit score, income, employment history, loan amount, and repayment capacity. It is advisable to check the latest interest rates and other loan terms and conditions on the SMFG India Credit website or by contacting their customer support before applying for a personal loan.

Documents For Personal Loans In Jabalpur

To apply for personal loan, you need to submit the following documents:

  1. A valid government-issued photo identification document, such as an Aadhaar card, PAN card, passport, or driving licence.
  2. Documents proving income, such as three months' pay stubs for salaried employees or legal income proof for self-employed individuals.
  3. Account statement for the preceding six months of your pay account or current account, if you are self-employed.

Documents Required for Self-Employed Individuals:

  1. Business registration/incorporation proof.
  2. Financial statements that have been audited.
  3. Proof of income tax returns.
  4. VAT returns and GST registration. 

Special Benefits Of Personal Loans In Jabalpur

  1. Quick And Easy Disbursal Of Funds: Personal loans in Jabalpur offer a quick and easy disbursal of funds, making them an ideal solution for those in need of immediate financing.
  2. No Collateral Required: Unsecured personal loans do not require collateral, making them a convenient option for those who do not have any assets to pledge as collateral.
  3. Flexible Repayment Tenure: Personal loans in Jabalpur offer flexible repayment tenures, allowing you to repay the loan amount as per your convenience.
  4. No Restrictions On Use Of Loan Amount: Personal loans do not come with any restrictions on the use of loan amount, giving you the freedom to use the funds as per your needs.
  5. Affordable Interest Rates: Compared to other forms of credit, personal loans in Jabalpur offer affordable interest rates, making them an easy financing solution.

Different Types of Calculators:

SMFG India Credit provides a pair of personal loan calculators that can aid in your financial planning. The first, the personal loan eligibility calculator, offers an estimate of your eligibility for a loan, allowing you to better plan for your financial needs. The second, the personal loan EMI calculator, calculates your monthly payments, allowing you to budget your expenses more effectively.

*Loans are disbursed at the sole discretion of SMFG India Credit. Please note that final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application

Apply for Personal Loan

* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.

Contact Us

Address:

Second Floor, House No:-435/1, 509/510 (New) Najul Block No:-84, Marhatal Ward, Jabalpur - 482 001, Madhya Pradesh

Note: Call on (Toll free number) 1800 103 6001 for more information.Timings: 9:30 AM to 6:30 PM (except 1st Saturday and Sundays and public holidays).

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