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

Get Pre Approved Personal Loan in a Few Seconds!

A pre-approved personal loan, in case of banks, is a personal loan which is given to eligible customers based on various criteria such as their relationship with the bank, amount available in savings / current bank account, fixed deposit, credit card usage, etc. 

In the case of non-banking financial companies such as SMFG India Credit, a pre-approved personal loan is basically a top-up instant personal loan given to existing customers with history of punctual repayment and a good credit score. It does not require collateral and the personal loan interest rate varies based on the borrower's profile.

A personal loan can be availed for any legitimate reason and is very useful for meeting immediate personal expenses, such as sudden loss of a job, a medical emergency, or for a non-pre-planned event.

There are multiple reasons why you could be chosen for a pre-approved loan or a top-up loan. A few of these are:

  • Good repayment history – you may have been punctual with your EMI payments with no delays or defaults
  • Your monthly income may have recently increased and/or you may have paid enough of your existing loan to become eligible for additional credit 
  • Responsible financial behaviour as per latest credit report and credit score

What a SMFG India Credit Personal loan offers?

SMFG India Credit offers the following features and benefits on their personal loans:

Loan Amount: SMFG India Credit offers personal loan up to INR 25 lakhs*

Interest Rates: SMFG India Credit offers attractive personal loan interest rates starting from 11.99%*

Flexible Tenure: We offer a flexible repayment tenure between 12 – 60 months so that you can choose a repayment plan that suits your budget.

Easy Documentation: The documentation process for a personal loan from SMFG India Credit is easy and hassle-free.

Quick Disbursal: We offer quick loan disbursal and instant decisioning through digital processing.

Online Application: To avail a SMFG India Credit personal loan, you can submit your application online, thus helping you be more efficient and save time.

Top-up loan offers: SMFG India Credit offers exclusive offers to existing customers on top-up loans (or pre-approved loans).

*Terms and conditions apply

apply personal loan online

Eligibility for Pre Approved Personal Loan

Making the process easier, SMFG India Credit offers a special eligibility calculator that lets you input your birthdate, your monthly income, total monthly EMIs that are currently existing (if any), rate of interest and tenure, to help you get an estimate of the maximum personal loan amount you can get. The eligibility criteria for an instant personal loan are as follows:

  1. You must have the citizenship of India
  2. You must be employed by either a private limited or a public limited company
  3. You must be older than 21 and younger than 60
  4. Except for Mumbai and Delhi, your monthly income should at least be 20,000 rupees. In the case of Mumbai and Delhi, it should be at least 25,000 rupees.

Documents for Pre Approved Personal Loan

SMFG India Credit requires the following for an instant personal loan.

  1. Complete personal loan application including a recent photograph
  2. Identity proof, such as passport copy, voter id, aadhar card, driving license, etc.
  3. Address proof, such as ration card, rental agreement, telephone bill, etc
  4. Age proof, such as PAN card, birth certificate, etc
  5. Bank statement or passbook containing a record of the last 6 months of salary, or three months of salary slips.
  6. Form 16
  7. A cheque for processing fee
  8. Income tax returns

Please note that some of additional documents may be needed on a case to case basis. Our representative would provide you the details, as necessary.

Calculate Your Personal Loan EMI

12 Months60 Months

Your Calculated EMI*


How to Apply for Pre Approved Personal Loan?

SMFG India Credit offers you different ways to apply for an instant personal loan, thus helping you experience the method you find easier and more convenient. 

  1. Apply Online – This process is completely digital, and can be completed from the comfort of your home. Please click here to know more.
  2. You can take the documentation required and visit the closest SMFG India Credit branch, where you will be asked to fill the necessary forms. Our staff would assist you with all your needs, and help pick the right loan options.

If you are an existing customer and are looking for a pre-approved loan or a top-up loan, the same options mentioned above are applicable. However, depending on the length of your relationship with SMFG India Credit and other parameters, the documentation required may be much lesser, thereby making the process much faster. 

To know more, please feel free to contact us at our toll free number 1800 103 6001 (between 9:00 AM – 7:00 PM on all days except 2nd & 4th Saturdays of the month, Sundays and public holidays). Alternatively, you can also visit us at your nearest SMFG India Credit branch. 

Apply for Pre-Approved Loan


Does pre-approval guarantee a personal loan?

Pre-approval essentially defines the preliminary step to getting approval on a personal loan. You may find that you qualify for several pre-approved offers with lenders. This helps you to shop around for your preferred personal loan product by simply performing a soft credit check. While a pre-approval may expedite the process of getting a personal loan it does not provide a 100% promise that you will actually be sanctioned one despite the pre-approval status.

What is the benefit of pre-approved personal loans?

Pre-approved personal loans are available to select borrowers’ basis their positive credit score and history. The benefits of pre-approved personal loans are:

  • Quick Approvals & Instant Disbursals: Being pre-approved speeds up the process of getting a personal loan disbursed quickly.
  • Flexible Repayment Tenures: With great credit history, borrowers with pre-approved offers may also avail of flexible repayment periods on their personal loans. 
  • Competitive Interest Rates: You may be eligible for low interest rates on pre-approved personal loans. 
  • Use As Per Your Will: There is no limitation on the purpose of usage on your pre-approved personal loan offers. Use the funds for home renovation, marriage or medical expenses or even higher education. 
  • Minimal Documentation: You may avail pre-approved personal loan offers with little or no documentation at all.
  • Contactless Processing: The majority of pre-approved personal loans can be processed online either on the lender’s website or via a mobile app. 

How long is personal loan pre-approval valid?

A pre-approved personal loan offer comes with limited time validity. The actual duration of the validity period varies from lender to lender. While some lenders may offer a pre-approved offer for a few hours or days, many extend it to several months at a time. If you find that a pre-approved personal loan offer meets your requirements, it is best to decide on it quickly.

Does personal loan pre-approval affect credit score?

Personal loan pre-approval can affect your credit score. Generally, the impact depends on whether the inquiry is a soft or a hard one. Soft inquiries will involve customers tracking their credit records or downloading their CIBIL report. These acts are not visible to lenders and hence do not affect the credit score. However, if there is a formal personal loan application on the pre-approved offer, the lender may access the CIBIL report of the prospective applicant. This gets recorded as a hard inquiry. Too many of these hard inquiries is a red flag for lenders that in turn may adversely impact your credit score.

How long does it take to get preapproved for a personal loan?

Depending on your lender, as well as your eligibility, profile and documentation, funds typically show up in your bank account in anywhere from one business day to two weeks although some loans can take a bit longer. As you shop for lenders, make sure to check out their disbursal periods if you need the money quickly.

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* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.

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Have a query? You can contact us through any of the channels listed below.

Toll Free Number
1800 103 6001 Timings: 9:00 AM to 7:00 PM (Monday to Saturday excluding public holidays & fourth Saturday of every month).