From Application to Approval: Understanding the Personal Loan Disbursement Process

Steps Involved in the Personal Loan Disbursement Process

Here are the general steps you can expect from application to disbursal:

1. Submit Your Personal Loan Application Online

Enter your mobile number, PAN, pincode, and employment status (salaried or self-employed).

2. Document Submission

Validate mobile number and email via OTP. Submit bank statement for loan offer (only for salaried).

3. Identity Verification

Share your address details and complete identity verification through lender-approved methods.

4. Thoroughly Review and Sign the Loan Agreement

Verify bank details, choose a payment mode, and carefully review before signing the agreement.

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Access funds up to INR 30 lakhs* to enjoy swift approvals and disbursals (subject to eligibility).

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* Please note that this webstory is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us