Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.
At any point in life, we can face a dearth of funds to meet immediate financial emergencies or obligations that are unforeseen and unexpected. When it comes to the informal business sector, and small-scale companies that constitute much of the economy, the payment for the goods or services provided is usually irregular and erratic. However, in the case of inability to deal with working capital needs and cash flow fluctuations due to such sporadic payments can cause discrepancies in the functioning of the business or can lead to stagnation in growth and progress. On the personal front, we often face circumstances where we are in dire need of funds on an urgent basis - such as wedding expenses, medical emergencies, school fees, and so on. We at SMFG India Credit understand such needs, and would like to partner with you and help meet your financial needs and objectives and become a part of your life’s journey.
Short term personal loans are loans which can be repaid within a period of 1-2 years. Short term personal loans are unsecured loans. Thus, there is no requirement to post any collateral as security. These funds are quickly credited to your account after the loan gets approved. However, the term "short term" is not attributed to the speed of dispensation of funds but the limited tenure for repayment.
We, at SMFG India Credit, strive to dispense short-term personal loans quickly with the minimal and necessary documentation. Documentation for short-term personal loans can be broadly classified as income proof, proof of identity, and your credit history.
At SMFG India Credit, we offer competitive interest rates so you can fulfil your financial obligations, goals, and objectives at a minimal cost. The income rates range from 11.99% to 36%. The rates may vary based on several factors such as net income, soundness, and validity of documents, existing monthly obligations, credit rating, business stability, credit history, etc.
You can opt for a short-term personal loan by clicking on the "Apply Now" button on the top-left corner of the home page. Here, you're required to fill some mandatory fields. On the completion of the form, you will be asked to upload some necessary documents. Once the documents are submitted, you'll be instantly informed if your profile fits with the organisation’s policy, and if SMFG India Credit will take your application for further processing, A customer service representative will get in touch with you. Based on the validity and soundness of the documents and the loan policy at the time of the application, we'll ensure quick disbursal of funds to your account as smoothly as possible. If you would like to know more, you are always welcome to give us a call or walk into any of our branches, and we would be happy to assist you.
When you use your credit card to withdraw cash, the interest rates on the withdrawal can be phenomenally high. The rates can extend up to 36% on an annual basis. You can also expect transaction costs levied on withdrawals from ATMs. A short-term personal loan from SMFG India Credit offers you customized repayment plans designed in consultation with you. Also, we'll provide you with a robust and predictable repayment plan so you can plan your finances and avoid being overburdened with financial obligations.When you use your credit card to withdraw cash, the interest rates on the withdrawal can be phenomenally high. The rates can extend up to 36% on an annual basis. You can also expect transaction costs levied on withdrawals from ATMs. A short-term personal loan from SMFG India Credit offers you customized repayment plans designed in consultation with you. Also, we'll provide you with a robust and predictable repayment plan so you can plan your finances and avoid being overburdened with financial obligations.
Yes, you can prepay the amount before the tenure of the loan. However, foreclosure is subject to foreclosure fees and charges.
You can talk to our customer service representative and place a formal foreclosure request via phone, via mail or by raising a request through the customer service portal/mobile app. And you'll always be welcomed if you intend to visit any of our branches for the request mentioned above.
* Terms and conditions apply
** Subject to foreclosure charges. Terms and conditions applicable.