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 24 hours* or 1 working day*.

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

* 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*



How to apply for a personal loan at SMFG India Credit?

Here are the ways in which you can apply for a personal loan at SMFG India Credit:

  1. Apply Online on our website
    1. Click on the “Apply now” button on the top right of this page and select “Personal Loans”.
    2. Select “Salaried” or “Self-employed” as applicable, and provide your mobile number. 
    3. You will receive an OTP on the mobile number provided. Enter the OTP and click submit
    4. Enter details as requested.
    5. Upload documents as requested.
    6. Click on “Submit”
  2. Download the SMFG India Credit Instaloan App – This is available on Google PlayStore as well as App store. Please note that only salaried applicants can apply for a personal loan using this app
  3. Go to the “Contact Us” page on our website, and select “No”, if you are not an existing customer. Enter your name, mobile number and email id. Select “New loan application” and “Require New Loan” from the dropdowns provided. You will be redirected to our online personal loan application page.
  4. Call us on  1800 103 6001 to talk to a representative anytime between 9:00 AM – 7:00 PM. We are available on all days except for Sundays, the fourth Saturday of every month and public holidays.
  5. If you prefer interacting face to face, walk into your nearest SMFG India Credit branch. Our representatives will be happy to guide you.

What is the personal loan process for self-employed applicants?

Applications from self-employed customers will also be subjected to the same process as salaried customers. This involves

  1. Submission of application
  2. Eligibility check based on information provided
  3. SMFG India Credit representative to contact the applicant to cross check requirements and request for any additional/missing documents if needed
  4. Verification of information based on documentation provided
  5. Loan agreement to be shared with customer and consent to be provided
  6. Loan sanctioned post customer consent
  7. Pickup of physical copies of document
  8. Amount disbursed to customer’s bank account.

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