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 Loan In Raipur

The capital city of Chattisgarh state is a hub of commerce and trade in Central India. When it comes to iron and steel, Raipur boasts a staggering 195 sponge iron plants, 200 steel rolling mills, 6 steel plants, and 35 ferro-alloy plants. Additionally, the city also has multiple agro-industries, plywood factories, and rice-milling plants. Historically, Raipur was part of the Dakshina Kosala Kingdom and a place of prominence in the Haihaya Dynasty and the Satawahana Kingdom.

Amidst this amalgamation of history and progress, the need for financial support becomes paramount for individuals navigating the currents of personal and professional aspirations. SMFG India Credit can be your trusted partner. Let's dive into the intricacies of availing a personal loan in Raipur.

Features And Benefits Of Personal Loan In Raipur

Paperless Application Process

SMFG India Credit believes in making life easier for you. Our 100% paperless loan application process is not only environmentally friendly but also speedy and saves you time.

Loans with No Collateral

Enjoy a stress-free loan application process that does not require collateral.


SMFG India Credit endeavors to keep your data personal and secure at all times.

Competitive Interest Rates

We provide reasonable interest rates beginning at 11.99%* per annum, allowing you to plan your EMIs with ease.

Quick Loan Repayment

Loans are credited to your chosen account 30 minutes* after loan approval.

Repayment Schedule that is Flexible

You no longer have to be concerned about your finances. Plan your repayment schedule between 2 and 60 months in advance.

Eligibility Criteria For Instant Personal Loan In Raipur

  • Age Requirement: Salaried individuals must be between 21-60 years old, while self-employed applicants should fall within the 22-60 age range.
  • Nationality: Applicants must be Indian citizens.
  • Work Experience: Salaried candidates need at least one year of overall work experience, with a minimum of six months at their current job. Self-employed individuals should demonstrate three years of business experience.
  • Minimum Monthly Income:

    Salaried: A monthly salary of INR 20,000.

    Self-employed: Minimum income assessed by considering annual sales and post-tax profits.

Documents Required To Apply For A Personal Loan In Raipur

Here is a list of essential documents you must keep ready before applying for a personal loan:

Document Type

Salaried Personnel

Self-Employed Individuals

Identity Proof

PAN Card,Aadhaar Card,Driver’s License,Passport,Voter ID,Coloured passport-size photograph,Duly filled loan

PAN Card,Aadhaar Card,Driver’s License,Passport,Voter ID,Coloured passport-size photograph,Duly filled loan

Compulsory Documents

application form

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,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 On Personal Loans In Raipur

SMFG India Credit Personal Interest Rates:

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


Loan Cancellation Charges

INR 1,000

Cheque/ECS/NACH Dishonoured Charges

INR 300

How To Apply For A Personal Loan In Raipur

Follow these steps for a smooth personal loan application process with SMFG India Credit:

  1. Start your application by clicking here.
  2. Key in necessary information like mobile number, PAN, pincode, and employment type (self-employed or salaried).
  3. Complete mobile authentication with an OTP and proceed to email ID verification.
  4. Enter additional details such as email address, birth date, gender, and annual earnings.
  5. Review the loan's terms tailored to your needs, focusing on the repayment plan and loan amount. Once you are satisfied, confirm your acceptance. We will give you an option to choose a higher loan amount.
  6. If you are employed with an organisation, you need to provide specific employment details.
  7. Conduct the required digital verifications for identity and address through CKYC, OKYC, or DigiLocker.
  8. Submit bank account details. After we verify them, you will be directed to give some extra information in the section for ‘Additional Details’.
  9. Choose your payment method, either debit card or internet banking, and establish eNACH.
  10. Review and sign the loan contract digitally, confirming it with an OTP.

Following these simple steps to get a personal loan will assist you in reaching your financial objectives.

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

1st floor, Shree Ram Tower, Near Ring Road No. 2, Near Ganpat Chowk, PH No.- 35, KH No. 662/6,Nigam House no – RPR801S00060, Tendua Road, Veer Savarkar Nagar, Hirapur, Raipur Chhattisgarh - 492099

Branch Address 2

Ram Residency, 1st Floor, Opp Hdfc Bank ATM, Near Bottle House, Main Road, Shankar Nagar,Raipur - 492001

Branch Address 3

Mezanine Floor, Shri Gouri Complex, Sadar Bazar, Raipur, Chattisgarh - 492001

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).