Personal Loan in Rajkot

Rajkot is one of the fastest-growing cities in India and contributes to the economy with its vast network of small and medium enterprises. If you are a resident of this beautiful city, we at SMFG India Credit understand and respect your dreams and goals. We understand that in order to ensure that to achieve your goals – be it in personal life or in business, you would need the right financial partner who can give you the solution that fits you the best. SMFG India Credit is a reputed personal finance company in Rajkot.

If you are looking for urgent funds in order to fulfill a business or personal need, you can apply for a SMFG India Credit personal loan online. Our top range of digital services and competitive interest rates allows us to provide a high level of customization for personal loan finance in Rajkot. Please continue reading to know more.

Benefits of Personal Loan in Rajkot

1. Loan amounts up to INR 30 lakhs*
2. 24x7 support via mobile app and web login 
3. Quick disbursals and instant decisioning
4. A completely online process within minimal documentation
5. Flexible repayment tenures between 12 – 60 months

What is the Documentation Required for a Personal loan in Rajkot?

Here are the basic required documents for a personal loan from SMFG India Credit.

1. PAN Card
2. Address proof such as Aadhaar card, passport, driving license, etc.
3. Employment proof – letter of appointment for salaried and business existence proof for self-employed
4. Income proof – last 3 months salary slips for salaried and ITR / audited financials of the last 2 years for self-employed
5. Bank statements of the past 6 months

Please note that depending on your individual profile, additional documents may be requested.

Interest Rates for Personal Loan in Rajkot

• You can get a personal loan from SMFG India Credit at competitive interest rates starting from 13%*
• We also charge a nominal processing fee up to 5% of the total loan amount + GST.

To know more, please visit Personal Loan Interest Rate

Eligibility Criteria for Personal Loan in Rajkot

Please see below a basic list of Personal loan eligibility. Please note that your actual eligibility will depend upon a number of other factors including SMFG India Credit’s policy at the time of loan application.

• Applicants must be between 21 to 60 years of age
• Only Indian residents may apply
• We accept both salaried and self-employed applicants
• Applicants must have a good credit history and a minimum CIBIL Score of 750
• Salaried applicants must have a minimum monthly salary of INR 20,000 (after all deductions). Self-employed applicants must meet the minimum criteria for annual turnover and yearly profit after tax depending on industry type. 

How to Apply for Personal Loan in Rajkot?

Guide to securing a personal loan from SMFG India Credit:

1. Provide Basic Information

Enter your details such as mobile number, PAN, pincode, and indicate your employment type (salaried or self-employed).

2. Verify Your Mobile Number

Authenticate your mobile number with the 6-digit OTP sent to your phone.

3. Submit Personal Details

Add your email address, date of birth, gender, and details regarding your annual household income. Verify your email ID too.

4. Provide Employment Information

For salaried applicants, it is necessary to provide the necessary job details.

5. Provide Bank Statement

Kindly upload your bank statement or share it via Net Banking or an Account Aggregator. The details you provide will enable us to generate a loan offer (only for salaried individuals).

6. Complete Identity Verification

Go through digital verifications for your identity (including taking a selfie) and share address particulars. CKYC, Offline Aadhaar XML-based KYC, and DigiLocker are some of the well-recognised methods for this process.

7. Supply Bank Details

Provide your bank account details so that we can verify them.

8. Share Extra Details

Post bank account verification, give information on details such as marital status and loan purpose in the ‘Additional Details’ section.

9. Re-payment Mode Selection and E-NACH Setup

Choose between a debit card and internet banking for your re-payment mode, and finalise the E-NACH setup process.

10. Digitally Sign the Loan Agreement

After reviewing, digitally sign the loan contract, and the process is completed upon OTP validation sent to your registered mobile number.

The path to your financial aims becomes simpler with these easy-to-follow steps from SMFG India Credit.

*Terms and conditions apply

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