At SMFG India Credit, we offer personal loans to facilitate your personal needs and help you with furthering your dreams and aspirations. You can take a personal loan to organise a dream vacation for your family, fund wedding expenses, manage medical emergencies, , to repay another loan and for many other reasons. SMFG India Credit’s process for personal loans is simple, completely digital, and involves quick decisioning so as to meet your requirements on time.
Here you can check personal loan eligibility in detail.
The interest rates offered by SMFG India Credit vary based on the borrower's creditworthiness, amount and tenure of the loan and other factors. It ranges from 13% - 33%*. Along with interest rates, there is a processing fee for a personal loan. To know more, please visit personal loan interest rates page.
EMI calculators help to calculate the monthly EMI to be paid on the loan. This calculation depends on the total loan amount, interest rate and tenure.
You may use personal loan EMI calculator for instant calculation.
At SMFG India Credit, you can apply for a personal loan online or offline. Walk into our nearest branch office for a free consultation and guidance on the ideal funding option for your needs. Or, you may choose to apply online on our website and get instant approval for funds. Remember to keep a soft-copy of all the documents required for personal loan ready for upload in case of an online application.
SMFG India Credit will process the personal loan application. Then a representative will be assigned to you who further take care of the procedure. Once after the verification of documents, the loan will be granted. Compared to other types of loans, the personal loan approval process is quite easy as long as the documents are valid.
*Loans are disbursed at the sole discretion of SMFG India Credit. Please note that final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application
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* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us
There is no fixed maximum personal loan approval time. Once you submit an online application, you will be informed whether your application has been approved within seconds. After this, our representative will get in touch with you as your application is submitted to various checks. The approval time depends on your eligibility and whether you have submitted all the required, error-free documents. It can be a few days to weeks if you need to provide additional documents.
Once the loan is approved, you can get the loan amount within 30 minutes*.
Here are some tips to keep in mind:
After approval, the funds will be transferred to you within 30 minutes*.
In order to be eligible for a personal loan, you must meet some criteria. It consists of your age, work experience, CIBIL score, employment type, monthly income, and repayment history.
Please note that these are the basic eligibility criteria. The final eligibility depends upon several parameters including SMFG India Credit’s policy at the time of loan application.
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