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*   8,302  Apply For Loan

Loans Upto ` 25 Lakh*

Quick Disbursal

Minimal Documentation

Flexible Tenure

Small Personal Loan

A small personal loan also called an instant cash loan is an unprotected or unsecured loan that could be used for personal financial needs. It is a very simple and quick way to get cash at the time of urgency. This serves as a convenient way to deal with financial emergencies without having to disturb your monthly savings. The repayment structure is flexible allowing the customer to repay according to their comfort.

Features of a Small Personal Loan

  • A mini personal loan can be sanctioned without the need of pledging any kind of collateral.
  • The application process requires you to submit very few documents making it a lot more convenient.
  • The verification process is straightforward leading to quick loan approval and hence making it the perfect option to rely on at the time of financial emergencies.
  • The loan amount will be wired directly to the applicant’s account within 30 minutes* of document verification and loan approval.
  • Repayment of the small amount borrowed as a personal loan can be done in EMIs according to customers' convenience.

Eligibility Criteria To Get a Small Personal Loan

You need to meet the below basic criteria to be eligible for a personal loan. You can use personal loan eligibility checker to verify the same.

  • You should be a citizen of India.
  • The minimum age to apply for a small personal loan is 21 years.
  • The individual needs to be self-employed or have a certain kind of income.
  • The age of the customer at the time of maturity of the loan should be less than 65 years.

Documents Required for Small Personal Loan

Whether it’s a dream vacation, paying for your children’s education, or a wedding in the family, or a medical crisis, a small personal loan from SMFG India Credit is the answer that you are looking for. When these expenses come knocking on your doorstep, nothing is off your list of to-dos when you avail a small personal loan from us.

This is the small personal loan documents required list:

  1. ID, Age and Address Proof (Any one) - Valid Passport, Voter ID, Aadhar Card, PAN Card, Valid Driving License
  2. Income Proof for Salaried – Salary Slips/ Bank Statements/ Form-16 and Income tax returns
  3. Other Documents – Application form with photograph duly signed, last 6 months bank statements and PAN card photocopy

Repayment of Small Personal Loan

Personal Loan Interest rates are set based on the customers’ credit history. A small personal loan is usually repaid in one to five years but it may vary depending on the policy you opt for. There is also an option of repaying the mini personal loan before the maturity date without any extra fees which could be a great way to save on the interest*.

*Terms and Conditions apply


What is the minimum salary for a small personal loan?

The minimum salary that the applicant should be drawing is Rs 25,000 per month if based in Mumbai or Delhi to apply for a small personal loan. For the rest of India, the minimum salary requirement to make a small personal loan application is Rs 20,000 per month.

Can I get a small personal loan on a salary less than 15,000?

The minimum salary requirement varies from lender to lender. You need to check with your preferred lending partner if a small personal loan can be applied with a salary of less than Rs 15,000 per month.

Can I get a small personal loan without a salary slip?

Ideally, you need to have your salary slips for the last three months in order to apply for a small personal loan from SMFG India Credit. In case you are unable to provide the same, it is best to discuss other possibilities with the personal loan expert at SMFG India Credit.

What is the eligibility criteria for a small personal loan?

You need to meet the following eligibility criteria to apply for a small personal loan at SMFG India Credit:

  1. Be a citizen of India
  2. Be between 21 to 60 years of age
  3. Be employed in a registered private limited company, public sector enterprise or be self-employed
  4. Have a minimum monthly income of Rs. 25,000 if residing in Delhi or Mumbai and Rs. 20,000 for the rest of India

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

Reasons to buy

You can take our personal loan for a variety of reasons.

Wedding Expenses

Wedding Expenses

Higher Studies

Higher Studies

Exotic Vacations

Exotic Vacations




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