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Known as the cultural capital of Tamil Nadu, Madurai is a budding industrial zone and acts as the administrative headquarters for the Madurai district and Pandya Nadu. Being one of the few regions in the country that grows rubber, the city is the 44th most populated in India and is home to a significant proportion of a burgeoning upper-middle-class population.
To meet the needs of personal loan in Madurai, SMFG India Credit offers loans up to Rs. 30 lakhs at competitive interest rates that can be availed in a simple and hassle-free manner. So, be it funding medical expenses, a grand wedding, home renovations, higher education or even to consolidate debt, SMFG India Credit offers instant personal loans to the residents of Madurai.
Before progressing towards the actual application, it is best to check your personal loan eligibility. This includes:
Find out if you are eligible to apply for a personal loan from SMFG India Credit by using our Personal Loan Eligibility Calculator. Depending on the loan amount you can also assess your monthly installments with the help of the personal loan EMI calculator.
Here is a list of documents that you may have to submit with your personal loan application.
Personal loan in Madurai by SMFG India Credit offers interest rates starting at 13% that is applicable for both salaried and self-employed professionals. The parameters that influence the interest rate include the applicant’s profile and credit history, and their current financial status.
Personal loans in Madurai come with a processing fee component which can be Up to 5% of the total loan amount + GST. SMFG India Credit offers the option to foreclose* which may attract a fee ranging between 0% to 7%.
SMFG India Credit offers flexible repayment tenures for personal loans. This can be anywhere between a period of 12 and 60 months.
You can apply for a personal loan in Madurai by following these simple steps:
Input your mobile number, PAN, pincode, and employment type (salaried or self-employed) to proceed.
Confirm your phone number using the 6-digit OTP sent to your device.
Complete fields for your email address, date of birth, gender, and annual household income. Email ID verification is also required.
For salaried applicants, it is essential to provide the requested job-related information.
Please upload your bank statement or provide it via Net Banking or an Account Aggregator. Your submitted banking details will help us generate a loan offer (applies to salaried individuals only).
Verify your identity and share address details using CKYC, Offline Aadhaar XML-based KYC, or DigiLocker. Don’t forget to take a selfie to complete the identity verification process.
Provide bank account information to be verified by us.
Add the loan’s purpose and personal information such as marital status, father’s name, and mother’s maiden name in the ‘Additional Details’ section.
Choose your preferred mode of re-payment (debit card or internet banking) before setting up E-NACH.
Read through the loan agreement carefully, sign it digitally, and validate using an OTP.
Achieve your ambitious goals by following these easy steps to apply for a personal loan in Madurai.
* 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.
Address:
First Floor, N0:-163, Kamarajar Salai, Parameswar Complex, Opp to Siva Maruthi, Madurai South, Madurai - 625 009, Tamil Nadu
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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