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

SMFG India Credit offers unsecured personal loans online to customers from every economic background. We support your dreams and ambitions by providing customized personal loans to meet planned or emergency expenses. At our financial institution, we are always on our toes to help you through your financial needs, with funds for a medical emergency, home renovation, big-ticket purchase, wedding, vacation, travel, and a lot more.

What are Unsecured Personal Loans? 

Unsecured Personal loans are financial products that do not require collateral for your loan approval. Unlike secured loans, such as mortgages or car loans, where the borrower pledges assets, unsecured loans are granted based on the borrower's creditworthiness. Borrowers with strong credit histories are more likely to qualify for favorable terms. While unsecured loans offer flexibility, they necessitate responsible financial management to avoid high-interest costs and potential credit score impacts in the event of default.

Features And Benefits of Unsecured Loans

The features and benefits of unsecured loans are:

  • Both salaried and self-employed individuals can apply for unsecured loans
  • You can avail a loan amount of up to Rs. 25 lakhs*
  • Interest rate is as low as 11.99%* per annum
  • Tenure is between 12  to 60 months
  • You can foreclose the loan after payment of the initial 6 EMIs.

Interest Rates for Unsecured Personal Loans

The personal loan interest rates online start from 11.99%* per annum for salaried borrowers. Some of the other factors we consider to determine the rates are your net income, age, location, existing monthly obligation, nature of employment (salaried or self-employed person), etc.

Interest Rates

11.99%* p.a. onwards

Loan Amount

INR 50,000* to INR 25 Lakh* (For Salaried)

Loan Tenure

12 - 60 months

Processing Fees

Up to 6% of the loan amount

Lowest EMI per month

Starting from INR 1,112** for 60 months

Prepayment/Foreclosure Charges

Up to 7% of the loan amount

**Assuming a loan amount of INR 50,000 and an interest rate of 11.99% per annum

Documents Required for Unsecured Personal Loan

The list of documents required for a personal loan application includes:

  • Recent passport-sized photographs
  • Completed personal loan application form
  • Age proof (Passport/PAN card/Certificate from a statutory authority)
  • Identity proof (Driving license/voter ID card/Passport/PAN card)
  • Address proof (Telephone bill/electricity bill/Passport/driving license/ration card/rental agreement/bank statement or passbook)
  • Salary slips/proofs of the last 3 months or bank passbook/statement of the last 6 months
  • Form 16
  • Income tax returns
  • Processing fee cheque

NOTE: The documents required for a personal loan may vary depending on the applicant’s profile and employment, as well as SMFG India Credit’s policies at the time of loan application.

Personal Loan Eligibility Check

The eligibility criteria for unsecured loans by SMFG India Credit are listed below:

  • The minimum age to apply is 21 years of age, not exceeding 65 years at the time of loan closure.
  • You must be a resident Indian to apply for unsecured personal loans online.
  • You must have the necessary documents required for the personal loan.

For Salaried Professionals:

  • You must be an employee of a public sector undertaking (central, state, or a local body) or a private limited company.
  • Your monthly income must be at least Rs. 25,000 if residing in Mumbai or Delhi.
  • Your monthly income must be at least Rs. 20,000 if residing in any other Indian city. 

For Self Employed:

Your yearly income should satisfy SMFG India Credit’s policy at the time of loan application. Please note that this amount is different for each applicant depending on other factors such as location, loan amount required, etc.
Financial statements that show stability of income.

How To Apply For An Unsecured Loan in 5 minutes?

  1. Online Application: Click here to visit the online application page, and choose the "Apply Now" option.
  2. Fill out the Application Form: Complete the online application form. Provide personal and financial details.
  3. Upload Documents: Upload necessary documents like ID proof, income statements, etc.
  4. Loan Approval: Wait for the quick approval process. Our team will assess your eligibility. 
  5. Disbursement: After successful verification checks and evaluation, the loan is finally approved., The approved funds will be disbursed to your account in 24 hours* or 1 working day* and are available for you for your financial needs.
12 Months60 Months

Your Calculated EMI*


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





Can I get an unsecured personal loan?

As long as you fulfil the unsecured personal loan eligibility criteria, you can easily avail one. You can apply for unsecured personal loans online within seconds and fill in the required details on the application form. You will also need to upload the required documents, and click on “Submit”. Our online loan application process provides you with an instant decision. Post loan approval, a customer representative will contact you to discuss your requirements and guide you further

Alternately, you can Contact Us and speak to a customer service representative. You may even visit your nearest SMFG India Credit branch to proceed with the loan application process.

Is SMFG India Credit Unsecured Loans Safe?

It is completely safe to obtain collateral-free loans by SMFG India Credit. Our transparent pricing and procedures make the borrower aware of what to expect from unsecured loans and products.

What is the limit of an unsecured loan?

The limit for an unsecured loan varies based on factors such as income, credit score, and the lender's policies. Generally, borrowers can access amounts ranging from Rs. 50,000 to Rs. 25 Lakhs*, offering flexibility for diverse financial needs.

What is the maximum repayment tenure of an unsecured loan?

The maximum repayment tenure for an unsecured loan typically falls within the range of 12 to 60 months. The exact duration depends on the borrower’s eligibility and preference.

How quickly can I expect approval for my Unsecured Personal Loan application?

Unsecured personal loans are known for quick approvals, and the funds can be transferred within 24 hours* or one working day*, shortly after final loan approval. The approval timeline may vary based on the lender's verification process and the completeness of the application.

Are there any hidden charges that I should be aware of?

While unsecured loans may have processing fees and interest rates, reputable lenders like SMFG India Credit maintain transparency about associated charges. It is crucial for borrowers to review the terms and conditions thoroughly to understand any potential costs.

Do you offer unsecured loans only to self-employed individuals?

In SMFG India Credit, unsecured loans like personal loans are available to both salaried and self-employed individuals. Eligibility criteria typically include factors such as income, credit history, and employment stability, catering to a broader range of borrowers.

What can I use my unsecured loan for?

Unsecured loans are versatile, allowing borrowers to utilize funds for various purposes such as medical expenses, travel, education, debt consolidation, and more. Lenders usually do not impose restrictions on the specific usage of the loan amount.

What is the application process for an Unsecured Personal Loan?

The application process involves filling out an online form, providing necessary documents, and undergoing a quick verification. Online lenders, in particular, facilitate a straightforward and user-friendly application process to ensure convenience for borrowers.

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