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

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.

Step1: Check the Eligibility Criteria

  • Minimum age to apply is 21 years of age, not exceeding 65 years at the time of loan closure
  • You must be a Indian resident and citizen
  • You must have the necessary documents required for the personal loan along with the duly filled and signed application form

Here you can check personal loan eligibility in detail.

Step 2: Check Interest Rates and Other Charges

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 11.99% - 36%*. Along with interest rates, there is a processing fee for a personal loan. To know more, please visit personal loan interest rates page.

Step 3: Calculate your EMI

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.

Step 4: Check Required Documents

  • Recent passport-sized photographs
  • Completed personal loan application form
  • Age proof (Passport/PAN card/Certificate from a statutory authority)
  • Identity proof (Driving license/voter ID card/Passport/PAN card)
  • Address proof (Telephone bill/electricity bill/Passport/driving license/ration card/rental agreement/bank statement or passbook)
  • Salary slips/proofs of the last 3 months or bank passbook/statement of the last 6 months
  • Form 16
  • Income tax returns
  • Processing fee cheque

Step 5: Fill Application Form Online

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.

  1. Visit the online loan application page, select the appropriate option depending on whether you are salaried or self employed.
  2. Next, you will be taken to an online form. Enter your mobile number correctly. You will receive a 6 digit OTP - please enter this in the textbox provided on the website.
  3. Please enter your personal details as requested on the online form page. Click “Next”.
  4. Please enter your employment details as requested in the next step.
  5. Please enter your bank details as requested in the next step.
  6. Upload scanned copies of documents
  7. Click “Submit”. Within a few seconds, you will be informed if you are approved for the loan.
  8. Our customer care representative will get in touch with you for further information as your application goes through various checks.
  9. After final loan approval, your account will be credited with the sanctioned amount within 30 minutes*.

Step 6: Wait for Loan Approval

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

Check Your Eligibility   Apply Now

Page also available inहिन्दी - Hindi

* 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

12 Months60 Months

Your Calculated EMI*



What is the maximum personal loan approval time?

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*.

How to improve the chances of your personal loan approval?

Here are some tips to keep in mind:

  1. Work on maintaining your CIBIL score at 750 or above. Make sure you are paying all the bills on time and lower your debt-to-income ratio to 30% or below.
  2. Ensure that you have the financial stability (like a salaried job at a reputed company) to make the monthly payments on time.
  3. Check the eligibility criteria beforehand to ensure you are meeting all the requirements. Use our online eligibility calculator to estimate how much maximum loan amount you may borrow.
  4. Check all the documents required and ensure they are error-free for a smoother approval process.
  5. If you are an existing customer with a good repayment history, you may have increased chances of loan approval with preferential interest rates. Please contact us to know more.

What is the disbursement time after personal loan approval?

After approval, the funds will be transferred to you within 30 minutes*.

What factors does SMFG India Credit consider when assessing personal loan eligibility?

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.

Is it possible to get a personal loan from SMFG India Credit with a low credit score?

At SMFG India Credit, the minimum CIBIL score for personal loan is 750. It is best to raise your CIBIL score to 750 before applying for a loan.

However, other criteria may be applied for profiles with a score of less than 750. Please contact us to know more.

Can self-employed individuals apply for a personal loan from SMFG India Credit?

Yes, SMFG India Credit offers unsecured personal loans to self-employed individuals up to INR 10 lakhs*.

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