A personal loan of Rs. 25 Lakhs can help you take care of larger expenses such as a medical emergency, a wedding, international travel, etc. While lenders may ask for collateral for other types of loans, personal loans differ as they do not require collateral. Thus, you can quickly receive funds without having to risk your assets. We will go over the different aspects of a personal loan of Rs. 25 Lakhs, including the eligibility criteria, interest rates, documents required, and how to apply for the same.
You can apply for a personal loan of Rs. 25 Lakhs* online, which makes the process easy, hassle-free, and quick. Experience hassle-free documentation process with the facility to upload documents online.
Lenders often disburse loan amounts in very little time, once your application is approved. At SMFG India Credit, the funds reach your account within 30 minutes* after approval.
Usually, no heavy paperwork is involved in a personal loan approval process. You can avail a personal loan of Rs. 25 Lakhs* with a few essential documents required to verify your request.
As long as you have a strong credit score and meet other eligibility criteria, you stand to get lower interest rates that will reduce the overall cost of the personal loan.
Personal Loan Interest Rate |
Starting at just 13%* per annum |
Processing Charges |
Between 0% to 6% of the loan amount |
Loan Tenure |
Up to 60 months* |
Prepayment charges |
From 0% to 7%* |
Personal Loan Tenure |
EMI |
1 Year |
Rs. 2,23,293 |
2 Years |
Rs. 1,18,855 |
3 Years |
Rs. 84,235 |
4 Years |
Rs. 67,069 |
5 Years |
Rs. 56,883 |
To be eligible for a personal loan of Rs. 25 Lakhs, you must fulfill certain requirements related to age, income, credit score, and employment:
Given above are basic eligibility criteria. The actual eligibility will be determined by several parameters including the policy of the lender at the time of loan application.
Now, you don't have to calculate your EMI on Excel sheets. You can easily do it with SMFG India Credit’s personal loan EMI calculator.
To apply for a personal loan of Rs. 25 Lakhs, you need to have the following documents:
Ensure that you have all your documentation ready beforehand so that you have a seamless and hassle-free personal loan process. Please note that this list is indicative; additional documents may be requested based on your individual profile and the lender’s policy at the time of loan application.
To apply for a personal loan from SMFG India Credit, follow these steps:
1. Click here to start your application.
2. Provide your mobile number, PAN, pincode, and employment status.
3. Receive and enter a 6-digit OTP for mobile verification; email ID verification is also necessary.
4. Input additional information like your email address, date of birth, gender, income, and employment details.
5. Review and accept the loan terms, amount, and repayment options. Once satisfied, confirm your acceptance. You will also be given an option to choose a higher loan amount.
6. For salaried individuals, submission of employment details is essential.
7. Complete identity and address verification via CKYC, OKYC, or DigiLocker.
8. Enter bank account details for our verification.
9. After bank verification, proceed to add extra details in the 'Additional Details' section .
10. Choose a payment option and set up E-nach.
11. Sign the loan agreement digitally after reviewing it and confirm with an OTP.
Then, your application will be processed further. An associate may contact you to guide you further. The loan amount will be disbursed within 30 minutes* after approval.
A personal loan of Rs. 25 Lakhs can be used for various purposes, such as travel, medical emergencies, , planning and executing a dream wedding, etc. You never know when you will need immediate cash, and a personal loan can finance all of the above and many more possibilities.
Here’s why you should use a personal loan of Rs. 25 Lakhs:
Taking a personal loan of Rs. 25 Lakhs can provide you with the flexibility, convenience, and capability to meet various financial requirements. With easy documentation and quick processing, you can fulfill your aspirations and tackle unforeseen emergencies effectively. This makes Rs. 25 Lakhs personal loan a practical choice for financing any big project.
SMFG India Credit offers attractive personal loans up to Rs. 25 Lakhs* at interest rates starting at 13% per annum* only. Before you apply for a personal loan, we recommend checking our personal loan EMI calculator. It will help you foresee your monthly installments and make the required adjustments for maximum affordability.
* 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.
To get funds at short notice, you can apply for a personal loan of Rs. 25 Lakhs. Lenders now ensure quick disbursement of the loan funds to your account, provided you fulfill the eligibility criteria.
Yes, SMFG India Credit offers a collateral-free personal loan of Rs. 25 Lakhs if you meet the eligibility criteria mentioned above.
At SMFG India Credit, funds are disbursed within 24 hours* or 1 working day* after the personal loan is approved.
To be eligible for a personal loan of RS. 25 Lakhs, you need to have a monthly income of at least Rs. 25,000 if you reside in Delhi or Mumbai. For all other locations across the country, the minimum monthly income is Rs. 20,000.
You can take our personal loan for a variety of reasons.
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