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

Calculate Personal Loan EMI

`
50,00025,00,000
Months
12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   6,642  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loans In Nellore

Nellore is a city located in the state of Andhra Pradesh, India. It is known for its agricultural and aquaculture industries and is a prominent producer of rice and sugarcane. The city is also famous for its religious and historical sites, including ancient temples and monuments. Additionally, Nellore is known for its beautiful beaches and is a popular destination for tourists and beach enthusiasts.

People in Nellore, like in any other place, might need personal loans for various reasons, including to fund educational expenses for themselves or their children, especially for higher education or specialized courses, or to cover unexpected medical bills. Let SMFG India Credit be your trusted partner in this journey.

Features And Benefits Of Personal Loans In Nellore

Online Applications

Convenient online applications have revolutionized the personal loan process in Nellore, providing an efficient way for individuals to seek financial assistance.

Paperless Process

Nellore's advanced paperless system simplifies applications by allowing electronic document submission, saving time and effort for both applicants and lenders.

Collateral-Free Loans

Residents of Nellore have access to collateral-free loans, ensuring equal opportunities for all applicants. This enables individuals without substantial assets to secure loans based on their credibility.

Affordable Rates

With competitive rates starting at 11.99%* per annum, loans in Nellore are not only accessible but also financially sustainable, preventing borrowers from falling into debt traps.

Flexible Repayment Tenures

Nellore residents can choose from a variety of repayment options, aligning the loan tenures with their financial capabilities and ensuring their monthly budgets are not strained.

Versatile Usage

The funds acquired can be utilized for diverse purposes, supporting small businesses, weddings, and personal commitments, enhancing financial freedom for the residents.

Eligibility Criteria For Personal Loans In Nellore

  • Citizenship: You must be a resident Indian citizen to apply.
  • Age: If you are a salaried individual, you should be between 21 and 60 years old. If self-employed, the lower age limit increases to 22 years.
  • Employment: You need to be working for a government company, a registered private business, or be self-employed.
  • Income: If you're a salaried person in Nellore, you should earn at least INR 20,000 per month.
  • Credit Score: You need a good credit score, at least 750 or higher.
  • Self-Employed: If you work for yourself, your eligibility depends on your yearly earnings after taxes and the specific field you work in.

Necessary Documentation For Personal Loans In Nellore

When applying for a personal loan, it's crucial to gather all necessary documents (both originals and copies) beforehand to ease the application process and save time and effort.

Document Type

Salaried Personnel (Any One)

Self-Employed Individuals (Any One)

Identity Proof

PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID

PAN Card, Aadhaar Card, Driver’s License, Passport, or Voter ID

Compulsory Documents

Coloured passport-size photograph; duly filled loan application form

Coloured passport-size picture; duly filled loan application form

Income Proof

Salary slips for the last three months; form 16 or IT returns

IT returns for the previous two years; IT challans, TDS certificate or Form 26AS

Proof of Ongoing Employment

Joining letter/Appointment letter from present employer,

Utility Bills; Rent Agreement

Residence/Business Proof

Utility bills, Passport, Driver’s License, Voter ID, Rent Agreement, Ration Card, etc.

License, GST number Registration certificate

Interest Rates For Personal Loans In Nellore

Interest rates for personal loans in Nellore range from 11.99% to 36%. Here are the details to consider before proceeding with the application.

Personal Loan Interest Rate

Starting at 11.99% per annum

Processing Fee

0-6% of the total loan amount

Available Loan Amount

Up to INR 25 lakhs* (for salaried) and up to INR 10 lakhs* (for self-employed). *

Tenure of Loan

Up to 5 years

Minimum EMI Per Month

INR 1,112 for 5 years or 60 months

Late Payment Charges

2% plus GST charged monthly (24% per annum) on the overdue amount calculated on day-to-day basis.

Prepayment Expenses

0-7%

Loan Cancellation Charges

INR 1,000

Cheque/ECS/NACH Dishonoured Charges

INR 300

How To Apply For A Personal Loan In Nellore

Here are the steps to apply for a personal loan from SMFG India Credit:

  1. You can click here to initiate your loan application.
  2. Input details such as mobile number, PAN, pincode, and clarify your employment status, i.e., whether you are self-employed or a salaried individual.
  3. You will receive a 6-digit OTP for mobile number verification. It is also necessary to verify your email ID.
  4. Provide your email address, DOB, gender, and share details about your income and employment.
  5. Review the customised loan offer, taking note of the amount, fees, and repayment terms. Confirm acceptance if you are content. Consider the possibility of selecting a greater loan amount as you will be provided with this option.
  6. Salaried applicants need to enter their employment information.
  7. Proceed with digital checks for identity and address. This can be done using CKYC, OKYC, or DigiLocker.
  8. Input banking details and, after we verify them, proceed to the ‘Additional Details’ section. Provide details about your references, marital status, loan purpose, and parent names.
  9. Select from debit card or internet banking for payments and establish eNACH.
  10. Digitally sign the loan agreement once you have reviewed it carefully. Authenticate this with an OTP.

Get aligned with your financial aspirations by following these simple steps to secure a personal loan at SMFG India Credit.

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

Branch Address 1

Third Floor, Door No:-26-1-891, B V Nagar, Nellore, Nellore (Dist), Andhra Pradesh - 524003

Branch Address 2

Door No:-16-1433 (Old), 16-3-235 (New), Sunshine Plaza, Ramalingapuram, Nellore - 524003, Andhra 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).