Personal Loan in Jalandhar

Jalandhar is a city located in the northern Indian state of Punjab, known for its rich cultural heritage and sports industry. Personal loans in Jalandhar have become a reliable 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 home renovation, education, or debt consolidation. SMFG India Credit's personal loans in Jalandhar are designed to offer individuals with flexible loan options that can help them meet their personal financial needs.

Features And Benefits

1. Loans of up to INR 25 lakhs*: SMFG India Credit offers a wide range of loan amounts to cater to different financial needs of individuals. You can easily obtain a personal loan of up to INR 25 lakhs* with a flexible payback period of 12 to 60 months.
2. Competitive Interest Rates: SMFG India Credit offers competitive interest rates on personal loans. For paid and self-employed individuals, personal loan rates begin at 11.99%* per annum.
3. 100% Online Application Process: When you apply for a personal loan online, the process is completely paperless. Customers need to fill out an online application form and provide necessary documentation, after which the loan approval and disbursal process is quick.
4. Collateral-free: Personal loans from SMFG India Credit do not demand collateral or a co-signer, making them available to a wide spectrum of people who do not have large assets or a co-signer.
5. Quick Disbursal: SMFG India Credit's loan approval and disbursement processes are simplified, ensuring that money is credited to the borrower's account as soon as possible after loan approval.

Eligibility For Personal Loan In Jalandhar

Individuals must meet specific qualifying criteria in order to be eligible for a personal loan from SMFG India Credit.

1. Age: The applicant must be between the ages of 21 and 60.
2. Income: The candidate must have a consistent source of income, either through job or self-employment, with a monthly income of at least INR 20,000.
3. Credit score: A credit score of 750 or more is required for the borrower.
4. Work Experience: A minimum of one year of experience is necessary, with at least six months in the current company.
5. Nationality: You must be a Resident Indian. 

Documentation Required For Personal Loan In Jalandhar

1. SMFG India Credit requires the following personal loan documents for quick loan disbursal in Jalandtthar:
2. A valid government-issued picture ID, such as an Aadhaar card, PAN card, passport, or driving licence.
3. Income proof documents such as three months' salary slips for salaried employees or valid income proof for self-employed individuals.
4. Account statement from the previous six months of your pay account or current account if self-employed.

Additional Documents For Self-employed Individuals:

• Proof of business registration/incorporation.
• Audited financial statements.
• Income tax returns.
• VAT returns and GST registration.

How To Apply For A Personal Loan Online?

SMFG India Credit personal loans are easy to apply for and can be completed online. The following are the steps in the application process:

1. Check your eligibility: Before you apply, make sure you fulfil all the eligibility requirements. Check your eligibility with SMFG India Credit’s online personal loan eligibility calculator to know more.
2. Online application: Go to SMFG India Credit's website and fill out the online application form. Upload the relevant documentation and provide the necessary personal and financial information.
3. Loan approval: If your application is approved, SMFG India Credit will send you a loan offer that includes information such as the loan amount, interest rate, and repayment schedule.
4. Disbursal: SMFG India Credit will deposit the loan amount into your account once your loan has been approved.

Different Types of Calculators:

There are two personal loan calculators available at SMFG India Credit that can help you plan your financial goals: the personal loan eligibility calculator, which estimates the amount you could be eligible for, and the personal loan EMI calculator, which calculates your monthly payment, allowing you to budget your expenses accordingly.

Apply for Personal Loan