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

Get Instant Personal Loan

Mumbai is not just the financial capital of India but it is also a city where dreams can come true. Although personal loans in Mumbai can be taken from private lenders, we at SMFG India Credit understand the importance of the role played by a personal loan in fulfilling dreams. We are proud to have partnered with lakhs of Mumbaikars whenever they have needed funds. A personal loan is a short term unsecured loan which is meant to help your current needs. It can be used for multiple reasons such as for going on a holiday, arranging a wedding, renovating your house or even for an emergency. We at SMFG India Credit have been partnering with our customers to fulfil their aspirations and responsibilities. You don’t have to offer any collateral to avail a personal loan in Mumbai from us.

Benefits of Personal Loan in Mumbai

SMFG India Credit offers a wide range of features and benefits associated with personal loans, such as:

Loan Amount Limit -

We offer personal loans of up to Rs. 30 lakhs, so your family and you can dream big and not worry about fulfilling any need.

Attractive Interest Rates -

The personal loan interest rates for self-employed and salaried individuals begin at 13% and go up to a maximum of 33%. We offer customised interest rates which would be suitable for every individual customer depending on their profile.

Speed -

We are aware that you would want the funds in your bank account as soon as possible. Our straightforward online application process will instantly update you about your personal loan application. The personal loan amount will be credited into your account within 30 minutes* of receiving approval on your personal loan application

Hassle-free documentation process -

We offer a hassle-free and smooth experience when it comes to documentation. With the age of the internet, you can now even apply for an instant personal loan in Mumbai online.

apply personal loan online

Find the exact loan amount you’re eligible for

To apply for a personal loan in Mumbai, with the help of the online eligibility calculator that we offer, you can easily calculate the exact loan amount that you are eligible for.

Eligibility Criteria

The criteria for an easy personal loan in Mumbai is as follows:

  1. You must be a citizen of India to apply for an instant personal loan from SMFG India Credit
  2. You must be employed in either the private or public sector
  3. You must be at least 21 years old and at most 60 years old
  4. For residents of both Mumbai and Delhi, a minimum monthly income of over Rs. 25,000 is required

Nearly 3 million people from all around the country, through every stage of their life, trust SMFG India Credit as a financial institution.

Documentation Required

Application for a personal loan in Mumbai requires the following documentation

  1. Standard KYC documentation such as aadhar card, drivers’ licence, PAN card, etc.
  2. At least 2 months of salary slips, for company employed applicant, or 2 months of income proof, for self-employed applicants
  3. At least 6 months of bank account statements - salary account for salaried individuals, or current account, for self-employed individuals.

How to Apply

If you need quick funds and would like to apply for a loan with SMFG India Credit, all you have to do is walk into one of our many branches all around Mumbai, and sign away a copy of all the required documentation. A quicker way is to click the “Apply now” button on the top right corner and fill in the online application and supply the soft copies of all the documents. Post all verification checks and loan approval, the loan amount will be disbursed to your account in under 30 minutes*.

*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

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.

FAQs

How to get a personal loan with a low CIBIL score in Mumbai?

Getting a personal loan with a low CIBIL score in Mumbai is challenging but possible. Look for lenders offering more lenient criteria, but beware of high interest rates and strict repayment terms. Add a trusted co-applicant with a high credit score and stable income to increase the chances of approval. It’s always recommended to improve your credit score to at least 750 before applying for a personal loan.

Can a person get a personal loan for a low salary in Mumbai?

If you have a low salary, some lenders may evaluate factors like your credit score, employment stability, and debt-to-income ratio. Opting for a smaller loan amount or adding a co-applicant with a higher income can also improve your chances of approval. Note that at SMFG India Credit, Mumbai residents need to have a minimum monthly salary of INR 25,000.

How long does it take to get a personal loan in Mumbai?

The time to get a personal loan in Mumbai varies by lender. Online applications typically offer quick approvals and disbursals, subject to eligibility and accurate document submission.

What is the minimum income requirement to get a personal loan in Mumbai?

If you reside in cities like Delhi or Mumbai, a minimum salary of INR 25,000 is required for an SMFG India Credit personal loan.

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

To secure a lower interest rate on your personal loan in Mumbai, maintain a high credit score (750+), demonstrate stable income, and have a low debt-to-income ratio (30% or below). Compare offers from multiple lenders and consider opting for shorter tenures.

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

Applying for an online personal loan in Mumbai offers convenience, faster processing, and minimal documentation. It allows you to compare lenders, check pre-approved offers, and apply anytime and from anywhere.

How is my personal loan in Mumbai eligibility calculated?

Your personal loan eligibility in Mumbai is calculated based on factors like your age, income, employment type (salaried or self-employed), credit score, existing financial obligations, and repayment capacity. Lenders also assess your debt-to-income ratio (30% or below is ideal) to ensure you can manage monthly EMIs comfortably.

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Contact Us

Branch Address 1

301, Third Floor, Agora Business Park, S V Road, Near Kora Kendra, Borivali West, Mumbai - 400092, Maharashtra.

Branch Address 2

Second Floor, Unit No. 21-22, Kalpatru Square, Kondivita Road, Off. Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra

Branch Address 3

10th Floor, Office No.101, 102 & 103, 2 North Avenue, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051

Branch Address 4

Unit No. 503 / 504, 5th Floor, Adani Inspire, G Block, BKC Main Road, Bandra Kurla Complex, Mumbai, Maharashtra - 400051

Branch Address 5

Ground Floors of Tower A, Tower B, Tower C and 11th Floor Tower C, Embassy 247, Lal Bahadur Shastri Marg, Vikhroli (W), Mumbai - 400083

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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