If you prefer accessing a personal loan through a branch, you can visit the SMFG India Credit branch closest to you and receive assistance at each stage of the application.
With an in-person loan process, you can directly discuss your requirements with a dedicated representative, understand the applicable terms, and complete the necessary formalities with branch support.
An offline personal loan offers both salaried and self-employed applicants a convenient way to apply with personalised guidance while completing the required documentation and verification process at the branch.
|
Personal Loan Interest Rates |
12.5% to 30% per annum |
|
Maximum Loan Amount |
Up to Rs. 10 lakhs* |
|
Personal Loan Tenure |
12 to 60 months |
|
Personal Loan Processing Fees |
Up to 4% of the total loan amount + GST |
Applying for a personal loan through an SMFG India Credit branch gives you the benefit of direct support throughout the application process.
When you visit a branch for a personal loan, you can better convey your borrowing requirements, compare the available loan options, and receive clear guidance on the applicable terms and documentation.
Branch loan assistance can also include helping you verify the required documents, addressing any questions related to eligibility, and keeping you informed about the next steps.
This approach can make the application process more straightforward, particularly if you prefer discussing your requirements in person or need support with paperwork. Further, the branch team can be available to assist you with every stage of the process, from submitting your application to completing the verification process and receiving updates until disbursal.
When you choose to go to a branch for personal finance loans, our executives can help you identify the most suitable loan option based on your borrowing requirements. They also explain the application process, repayment tenure, interest rates, and other relevant details, so that you make an informed decision.
If you prefer a personal loan offline, the branch team can assist with offline loan documentation by reviewing the required paperwork before submission. They may also guide you through the business or employment verification requirements to help ensure that your application is complete.
You can address your queries directly with the team and understand your personal loan eligibility at the branch itself, based on the applicable criteria. The branch executives can also guide you through the next steps in the application and approval process.
From your initial branch visit for a personal loan to the final stage of the application, the team provides support throughout the process. They help with document submission, application updates, and the required formalities until the loan is ready for disbursal.
A personal loan through a branch gives you the convenience of completing your application with in-person support at every stage. At SMFG India Credit, you can apply for loan amounts of up to Rs. 10 lakhs* with interest rates starting from 12.5%* p.a. and choose a repayment tenure of 12 to 60 months.
Through a personal loan with branch assistance, you also receive guidance on the eligibility criteria, the required paperwork, and KYC requirements, making the overall borrowing experience more straightforward.
|
Loan Amount |
Access loan amounts ranging from Rs. 1 lakh* up to Rs. 10 lakhs*. |
|
Interest Rates |
Interest rates start from an attractive 12.5%* p.a., helping lower the overall cost of borrowing. |
|
Flexible Repayment Tenure |
Choose a repayment tenure ranging from 12 to 60 months to suit your repayment capacity. |
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No Hidden Fees & Charges |
Make informed decisions with clear information on processing fees, prepayment charges, and other applicable loan costs. |
|
Branch Support |
Receive dedicated assistance with documentation, verification, and application-related queries throughout the process. |
The funds from an SMFG India Credit personal loan can be used for a wide range of legitimate personal purposes, from managing urgent financial requirements to achieving important goals, subject to the applicable terms and conditions.
Manage unexpected medical expenses, including hospitalisation, treatment costs, diagnostic tests, medicines, or other eligible healthcare-related requirements.
Handle wedding-related expenses with greater financial flexibility, from venue bookings and catering to decorations and other essential arrangements.
Cover eligible education-related expenses, including tuition fees, certification courses, study materials, accommodation, or other academic costs.
Finance expenses related to repairs, renovations, or home improvements, without disrupting your existing savings.
Fund domestic or international travel expenses, including transport, accommodation, and other holiday-related costs, while repaying the amount over a chosen tenure.
Consolidate multiple eligible financial obligations into a single loan, making repayments easier to manage through a single monthly instalment.
The personal loan eligibility criteria for branch applications vary slightly depending on whether you are a salaried or self-employed applicant. Factors such as age, income, employment or business profile, credit history, and existing debts are considered during the assessment. Meeting these requirements can help ensure a smoother application process.
The tables below provide an overview of the eligibility criteria for each applicant category.
|
Criteria |
Requirement |
|
Nationality |
Resident Indian |
|
Age |
21 (at the time of application) to 65 years (at loan maturity) |
|
Employment |
Salaried employee with at least 1 year of total work experience, including a minimum of 6 months with the current organisation |
|
Minimum Monthly Income |
Rs. 16,000* |
|
CIBIL Score |
700 or above |
|
Debt-to-Income (DTI) Ratio |
Up to 70% |
|
Criteria |
Requirement |
|
Nationality |
Resident Indian |
|
Age |
21 (at the time of application) to 65 years (at loan maturity) |
|
Minimum Years of Business Experience |
3 |
|
Minimum Income |
As per the minimum annual turnover and yearly profit after taxes according to the nature of profession or domain of work |
|
CIBIL Score |
700 or above |
|
Debt-to-Income (DTI) Ratio |
Up to 70% |
*Please note that this is the basic eligibility criteria for an offline personal loan for salaried and self-employed individuals. Final eligibility & terms will depend upon several factors, including SMFG India Credit’s policy at the time of loan application.
Salaried and self-employed applicants require a slightly different set of personal loan documentation for a branch application.
Carrying both originals and copies of the required documents when you visit the branch can help make the application process quicker and easier.
During loan document verification, the branch team can review your documents, verify the information provided, and let you know if any additional details are required. The following lists provide an overview of the required documentation.
|
Document Type |
Particulars |
|
PAN Card |
|
|
Proof of Identity and Proof of Address (any one) |
|
|
Signature Proof (any one) |
|
|
Bank Statements |
|
|
Income Documents |
|
|
Document Type |
Particulars |
|
PAN Card |
|
|
Proof of Identity and Proof of Address (any one) |
|
|
Signature Proof (any one) |
|
|
Bank Statements |
|
|
Income Documents (CA-certified) |
|
Keep in Mind:
If you are applying with a co-applicant, basic paperwork such as PAN, KYC, and other essential documents for the co-applicant will also be required. The lists provided above are indicative. Depending on the specific loan product, your applicant profile, and the policy at the time of your loan application, additional documents may be requested.
Review the applicable personal loan interest rate, processing fees, and other associated fees and charges before applying, as these form an important part of the overall borrowing cost.
Interest rates for personal loans applied through SMFG India Credit start from 12.5% * p.a. The rate applicable to your loan is determined after considering factors such as your credit score, income, existing debts, loan amount, and other assessment criteria.
|
Particulars |
Details |
|
Interest Rate |
12.5% to 30% per annum |
|
Loan Tenure |
Up to 60 months |
|
Lowest EMI Per Month |
Starting from Rs. 2,250* for 60 months |
In addition to the interest rate, certain charges may apply during the loan application and repayment period. These include the processing fee, prepayment penalties, and other charges as specified in the loan agreement. You are advised to review the applicable charges before proceeding with your application.
|
Fee Type |
Details |
|
Processing Fee |
Up to 4% of the total loan amount + GST |
|
Prepayment Charges |
2% to 7% of the principal outstanding |
|
Repayment Instrument dishonor Charges per presentation |
INR 500 |
|
Swap Charges - for any change in repayment instruments (per instance) |
INR 500 + GST |
|
Loan Cancellation Charges (loan cancelled before first EMI) |
INR 1,000 + GST |
Before applying for an offline personal loan, it is useful to estimate your monthly repayments using the personal loan EMI calculator. By entering the loan amount, repayment tenure, and interest rate, you can get an estimate of your monthly EMI and assess your repayment plan prior to starting the branch application process.
For example, if you borrow Rs. 5,00,000 for 5 years at an interest rate of 12.5% p.a., your estimated monthly EMI would be approximately Rs. 11,249.
The branch loan application process is designed to help you complete each stage of your application with in-person assistance. Follow these steps to apply for a personal loan at your nearest branch.
Visit your nearest SMFG India Credit branch to begin your application.
Speak with a loan executive, who will explain the eligibility criteria, application process, and answer your initial queries.
Share your funding requirement, desired loan amount, and repayment preferences to understand the available options.
Fill out the application form and provide the applicable identity, address, income, and other supporting documents.
The submitted information and documents will be reviewed as part of the verification process.
Once the assessment is complete and the eligibility requirements are met, your loan application will be processed for approval.
After approval and completion of the required formalities, the sanctioned loan amount will be disbursed in accordance with the applicable terms and conditions.
Eligible applicants with strong credit profiles may qualify for lower interest rates. This can help keep monthly EMIs and the overall borrowing cost more manageable.
Applicable interest rates, processing fees, repayment terms, and other charges are explained upfront, allowing you to understand the key loan terms before proceeding.
With branches across multiple cities, SMFG India Credit makes it easier for applicants to access loan services closer to where they live or work. You can visit a nearby branch for assistance with applications, documentation, and other loan-related services.
The customer support team is available to assist with loan-related queries before, during, and after the application process. Whether you need information about your application or repayment, support is available through the appropriate service channels.
Ready to apply for a personal loan? Visit your nearest SMFG India Credit branch to get started with your application, or contact our customer care team if you need any assistance before you apply.
* 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.
Resident Indian salaried and self-employed applicants who meet the applicable eligibility criteria, including age, income, credit score, and other assessment requirements, can apply for a personal loan through an SMFG India Credit branch.
Yes. A personal loan at a branch for salaried as well as self-employed individuals is available, provided they meet the applicable eligibility requirements.
Salaried applicants typically need to submit PAN, identity proof, address proof, Form 16 or the salary slips for the last three months, and bank statements for the last six months. Additional documents may be requested depending on the individual applicant profile and the applicable policy.
Self-employed applicants need PAN, identity proof, address proof, business registration proof, applicable CA-certified income documents, and bank statements for the last six months. Additional documents may be requested based on the individual application assessment and the policy at the time of loan application.
You can take our personal loan for a variety of reasons.
Wedding Expenses
Higher Studies
Exotic Vacations
Hobbies
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Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
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