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

Calculate Personal Loan EMI

12 Months60 Months

Assuming annual interest rate of 11.99

Calculated EMI*   6,642  Apply For Personal Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Personal Loan

SMFG India Credit offers personal loans at low interest rates to eligible borrowers . Our online application process enables salaried individuals to apply for a personal loan from the comfort of their homes. Our customized solutions and transparent procedures have enabled us to serve millions of customers across India. Here are a few of the benefits of a SMFG India Credit Personal Loan:

  • One can apply for a personal loan online with a 100% paperless process.
  • Collateral free loans at affordable rates, with minimal documentation and flexible repayment tenures
  • One can use the funds obtained through a personal loan for any purpose, including home improvement, wedding arrangements, business requirements (for self-employed), family vacation, debt consolidation, or medical emergency.

Interest rates:

Starting from 11.99%

Loan limit:

Up to INR 25 lakhs*

Loan tenure:

12 months to 60 months

Processing fees:

0% to 6% of the loan amount

Features & Benefits of Personal Loan


Loans up to ` 25 Lakh*


Attractive Interest Rates


100% Paperless Application Process


Quick Disbursal


Additional Benefits for Existing Customers

Documents Required 

The documents required for availing a personal loan from SMFG India Credit include:

  1. Duly filled and signed application form
  2. Proof of identity
  3. Proof of address
  4. Proof of age
  5. Salary slips for the last three months (for salaried)
  6. Bank statement for the last six months
  7. Income tax returns or form 16
  8. Proof of Income / financial statements (for self-employed)

For more details, check out our personal loan documents page.

Personal Loan Eligibility 

  • Age


    Age between 21 to 60 years**

  • Employment


    Salaried or Self-employed

  • Minimum Income

    Minimum Income

    Minimum Salary – INR 20,000 - 25,000**

  • Credit Score

    Credit Score

    750 or above, with good credit history

  • Nationality


    Resident Indian

  • Work Experience

    Work Experience

    Overall work experience of 1+ years

**Please note that these are just the basic eligibility criteria. Actual eligibility will be determined based on several parameters including SMFG India Credit’s policy at the time of loan application.

Note: Salaried residents of Mumbai or Delhi: 25,000 per month, Salaried residents of any other Indian City: 20,000 per month
For self-employed individuals, eligibility income will be as per minimum annual turnover, depending on nature of industry / profession

Interest Rates & Charges 

SMFG India Credit offers competitive interest rates on all its quick personal loans. The personal loan interest rates are determined by a number of factors like credit score, age of applicant, employer, repayment capacity, previous relationship with our company, and occupation. Apart from interest rates, there are minimum processing fees and prepayment charges that are nominal in nature.

Interest rates: Starting from only 11.99%* per annum

Processing fees: Upto 6% of loan amount.

Prepayment charges: Upto 7%* of loan amount.

Personal Loan Needs 

An instant personal loan can be of several uses. Here are the top 6:

  • Personal Loan for Medical Emergencies: Get a Personal loan if you need a lump sum amount of cash urgently for an unexpected medical emergency, or to manage medical expenses that may not be covered by insurance.
  • Personal Loan for Used Cars: A Personal loan can help you buy a second-hand car for your family that comes up with low interest rates and a flexible tenure
  • Personal Loan for Debt Consolidation: If you are struggling with multiple unsecured loans, then using a personal loan to combine all of them into a single loan is a much smarter option.
  • Personal Loan for Higher Education: Professionals seeking to upgrade their skills with certification courses or part-time courses can achieve their academic dreams with an online personal loan.
  • Personal Loan for Wedding: Enjoy the best day of your life with a personal loan to finance the arrangements or your dream honeymoon.
  • Personal Loan for Home Renovation: Give your home a new look by redesigning it, upgrading the appliances or furniture – finance your plans with a personal loan from SMFG India Credit.

4 Easy Steps to Apply 

  • User Information

    Validate Mobile Number

    Enter a few personal details and verify your mobile number with an OTP

  • Personal details

    Provide Basic Details

    Enter details such as monthly salary, existing financial obligations, and so on

  • Upload documents

    Select the Preferred Offer

    You will get an offer based on basic criteria such as income, credit score, existing debt, etc. Select your preference

  • Loan details

    Get Approved Funds in 30 Minutes#

    For loan amounts less than INR 2.50 lakhs

#Applications for loans of more than INR 2.50 lakhs will be processed further. Our representatives will get in touch in case of any queries.

Why Choose SMFG India Credit for Personal Loan?










670+** TOWNS



*As on 31st March, 2024
**As on 15th May, 2024

* 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.

Calculate Emi
Calculate EMI  Calculate Emi


How do I Use SMFG India Credit Personal Loan EMI Calculator?

SMFG India Credit personal loan calculator is an easy tool that can help you accurately calculate the EMI amount.

  1. Enter the loan amount that you wish to borrow
  2. Enter the interest rate between 11.99% – 36% per annum
  3. Select repayment tenure.

The instant result on the right side of the calculator will tell you the monthly EMI.

Will the documents be submitted online or offline?

You can choose to submit the required documents online by uploading soft copies or walk into the branch and submit the hard copies. For customers of SMFG India Credit who have applied for a personal loan online, you can now also send your documents via Whatsapp.

Can I foreclose or prepay my Personal Loan?

You can definitely foreclose your personal loan. We do not apply foreclosure charges on floating rate term loans provided to individual borrowers. The foreclosure charges are

  • 7% after full payment of 0 to 17 EMIs
  • 5% after full payment of 18 to 23 EMIs
  • 3% after full payment of 24 to 35 EMIs, and
  • 0% after full payment of 36 or more EMIs

Why should you choose SMFG India Credit?

Choose SMFG India Credit Personal Loans for the following benefits:

  1. Loans upto ` 25 lakhs* depending on eligibility
  2. Attractive interest rates
  3. Flexible repayment tenures between 12-60 months
  4. Digital process of application
  5. Useful tools such as EMI Calculator, Eligibility Calculator and Amortization Calculator to plan your loan better

To check the status of your personal loan application, visit the official website of your loan provider, select the ‘Contact Us’ option on the homepage, select the option to track your loan application. This option will lead you to the page where you can check the status of your loan application. Enter the details asked for and obtain the required information.

What are the advantages of being an existing customer with SMFG India Credit?

As a SMFG India Credit customer, you can enjoy various benefits such as:

1. Track your application status online
2. Manage your loan online through our Service Connect Portal and M-Connect app
3. Pay your EMI online digitally via NetBanking, Debit card, etc. or by signing up for the ECS / auto-debit facility.
4. Eligible borrowers can get top-up offers at preferential rates and minimal documentation
5. Reach out to us through your nearest branch if you have any issue and would like to discuss it face to face - our vast branch network spans across 22 states, 600+ towns and 60,000+ villages in India.

What is SMFG India Credit India Referral Partner Program?

Become our digital loan partner and refer your family, friends and acquaintances who may be interested in availing a personal loan. Earn upto ` 20,000* per referral! Click here to know more.

What is the minimum CIBIL Score required to get a personal loan?

A CIBIL score is a credit score used in India to assess an individual's creditworthiness. CIBIL scores range from 300 to 900, with 900 being the most desirable. A credit score of 750 and above is required to procure a personal loan to ensure a satisfactory credit history and financial discipline.

What is the minimum salary required to get a personal loan?

A minimum income criterion is typically set to ensure that borrowers have a certain level of financial stability and repayment capacity. The minimum monthly income for applicants based in Delhi and Mumbai to apply for a personal loan should be INR 25,000. The minimum for applicants from other parts of the country is INR 20,000.

Does a personal loan offer tax benefits?

There are no tax benefits on a personal loan. The primary purpose of a personal loan is to meet immediate financial needs, such as medical expenses, debt consolidation, travel, or any other personal expense. Since personal loans are not tied to specific purposes like home buying or education, they are not eligible for tax deductions.

Do I need to provide any security or collateral to apply for a Personal Loan?

One of the key benefits of personal loans is that you do not need to provide any security or collateral to apply for them. The approval of a personal loan is primarily based on factors such as your credit score, income, employment history, debt-to-income ratio, and other relevant financial information.

Is the interest rate on my Personal Loan flat or reducing?

In a flat interest rate system, the interest is calculated on the principal amount initially borrowed, regardless of the amount you have already repaid. In a reducing interest rate system, the interest is calculated only on the outstanding loan balance after each EMI payment. At SMFG India Credit, personal loans are offered at fixed rates only.

How much time will it take for credit decisioning on my personal loan application?

At SMFG India Credit, we provide you with the decision on your personal loan application within minutes of applying online. It is based on factors like age, location, CIBIL score, etc. However, please note that the process may take a few days for offline applications.

Are there any additional charges?

Apart from interest charges, we also charge processing fees and foreclosure charges, applicable in case of prepayment or foreclosure of the loan. The interest rates and the processing fees (0% - 6% of the loan amount) comprise the total loan cost.

How can I check the status of the Personal Loan online application?

To get a real-time update on your personal loan application status:

  • You can reach us at our toll-free number 1800 103 6001
  • Give a missed call at 9594763763, and within 24 working hours, you will receive a call.
  • You can also email us at  .
  • You can seek assistance from our chatbot.
  • Download Mobile App/Login to Portal (For Existing Customers)

What is the difference between secured and unsecured loans?

Secured loans require collateral, such as property or assets, to back the loan. If the borrower defaults, the lender can seize the collateral. Unsecured loans do not require collateral but rely solely on the borrower's creditworthiness. If the borrower defaults on an unsecured loan, the lender may take legal action but cannot claim specific assets.

Can I take a Personal Loan jointly?

Yes, you can take a personal loan jointly with another individual. When you jointly apply for a personal loan, both applicants become co-borrowers and are equally responsible for repaying the loan. It may increase the total loan amount you are eligible for, as both applicants' combined income and creditworthiness are considered.

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