Can you get a Personal Loan
without Documents?

Personal loan eligibility for self-employed customers will depend on factors such as

1. Yearly profit after taxes
2. Existing monthly obligation (including credit card debt)
3. Your financial position (based on bank statements)
4. Creditworthiness (determined by CIBIL score)
5. Location
6. Age
7. SMFG India Credit's policy at the time of loan application.

To know more, please contact us for a telephonic conversation with an SMFG India Credit representative or visit your nearest SMFG India Credit branch.

For self-employed customers, the minimum tenure of a personal loan is 12 months, and the maximum tenure is 60 months. You can enjoy the benefits of our flexible repayment scheme to choose a loan tenure between 12 & 60 months that suits your requirements.

For a self-employed personal loan online -

1. Apply Online
2. You will be asked to enter certain information pertaining to your personal information (including address), the nature of your business, income statements of the past 2 years, total no. of years in operation, PAN number, etc.
3. You will also be asked to upload supporting documents.
4. After your application is complete, various parameters will be checked against the organisation's policies at the time of loan application.
5. You will then be informed whether or not you are eligible for an SMFG India Credit personal loan.

If you are eligible, your documents will be checked for authenticity. If all checks are completed successfully, your loan will get approved. At any point, if you face any difficulty, you can call us and get assistance from a representative of SMFG India Credit, one of India’s leading NBFCs (Non-Banking Financial Companies).

Self-employed customers can get unsecured personal loans from SMFG India Credit of up to Rs. 10 lakhs*. However, the amount may go up to even Rs. 30 lakhs* if you are a self-employed professional and match certain criteria.

Our personal loans for self-employed individuals do not require a guarantor or collateral. If you do not meet the credit score or income requirements, you can consider a co-applicant with a strong credit score and a stable, high-income source such as a salaried job in a reputable organisation.

A personal loan can help you:

• Manage unexpected expenses
• Improve business cash flow
• Cover high personal or professional costs without disruption to your savings

No, this is an unsecured loan, so you don’t need to pledge property or assets.

Funds may be used for:

• Education or personal needs
• Business or working capital expenses
• Home repair or renovation
• Travel or medical costs
• Debt consolidation

Use a personal loan EMI calculator to plan repayments efficiently.

A self-employed personal loan is a specially designed personal finance product exclusively for self-employed customers. You could be a professional (such as a doctor, a chartered accountant or a consultant) with your own registered practice, or you could operate as an independent contractor.

For self-employed individuals, the required CIBIL score for a personal loan is 700 or above. If you’re seeking a personal loan for salaried individuals, the credit score requirement is 705 and above.