Pre-Approved Personal Loan

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

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.

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