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

Calculate Personal Loan EMI

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

Delayed EMI Payment Interest

24% per annum on overdue outstanding balance, calculated per day.

Prepayment Expenses


Loan Cancellation Charges

INR 1,000

Cheque/ECS/NACH Dishonoured Charges

INR 300

How To Apply For A Personal Loan In Nellore

Visit the Official Website: Begin by accessing the official website of SMFG India Credit. Type www.smfgindiacredit.com into your web browser and press Enter.

Explore the Personal Loan Page: Navigate to the dedicated Personal Loan page on the website. This section is specifically designed for individuals interested in applying for personal loans.

Complete the Online Application Form: Once on the Personal Loan page, you'll find an online application form. Carefully fill in all the required details accurately. This form typically asks for personal information, details about your employment, the desired loan amount, and other relevant data pertaining to your financial situation.

Upload Necessary Documents: Scan or take clear pictures of the required documents, such as proof of identity, address, income/salary proof, and any other documents specified by the lender. It's crucial to ensure these copies are legible and accurate. Upload these soft copies directly to the website.

Apply for Personal Loan

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: 9:00 AM to 7:00 PM (except Sundays and public holidays).