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

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. 25 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. 

Eligibility Criteria for Personal Loan in Madurai

Before progressing towards the actual application, it is best to check your personal loan eligibility. This includes:

  • You must be a citizen of India
  • You must be between 21 to 65 years of age
  • You must be an employee of either a public sector enterprise or registered private limited company or be self-employed
  • Personal loan for salaried individuals residing in Madurai will be granted on the basis of a monthly income of Rs. 20,000
  • Minimum CIBIL score of 750 or more
  • The eligibility for self-employed individuals will depend on the minimum annual profit post-tax and also basis their profession/ industry

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.

Documents Required

Here is a list of documents that you may have to submit with your personal loan application.

  • Proof of identity with the help of government-approved IDs such as a Voter ID, Passport, Aadhaar Card, PAN Card, etc.
  • Proof of address via any one of the documents like your Passport, Aadhar Card, Voter ID, Bank Passbook or Statement, Rent Agreement, Utility Bill, etc.
  • Salaried individuals will have to submit their salary slips for the last three months
  • Salaried and self-employed individuals and businesses will have to submit their bank statements for the last six months
  • Salaried individuals will need to provide a copy of their Form 16 or Income Tax Returns
  • Proof of income for self-employed individuals or businesses can be established through financial statements

Interest Rates

Personal loan in Madurai by SMFG India Credit offers interest rates starting at 11.99% 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.

Processing Fee & Loan Tenure

Personal loans in Madurai come with a processing fee component which can be up to 3% of the loan amount applied. 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.

How to Apply for Personal Loan in Madurai

You can apply for a personal loan in Madurai using SMFG India Credit’s website. Simply follow these steps:

  • Log on to www.smfgindiacredit.com and navigate to the Personal Loan page
  • Click on ‘Apply Now’
  • Fill in the application form
  • Upload soft copies of all relevant documents
  • Click on ‘Submit’

Based on the information provided, you will be instantly informed of your eligibility. If eligible, our representative will be in touch to take the process further. 

Alternatively, if you have more questions you can always reach out to the customer support team on their toll-free number (1800 103 6001) or email us at  .

Apply for Personal Loan  

Page also available inहिन्दी - Hindi

* 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


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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