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Get access to personal loans at attractive interest rates from 12% p.a. on Bajaj Markets. Learn everything you need to know about SMFG India Credit loan features, criteria, and the application journey.
SMFG India Credit, formerly known as Fullerton India, is a leading Non-Banking Financial Company (NBFC) in India. It provides personal loans at affordable interest rates and flexible repayment tenures.
On Bajaj Markets, you can get a SMFG India Credit Personal Loan of up to ₹25 Lakhs and repay it in easy EMIs over flexible repayment tenures of 60 months.
Be it hosting a wedding, planning your travel, dealing with a medical emergency or debt consolidation, a SMFG India Credit Personal Loan can help.
Go through these essential highlights of the SMFG India Credit Personal Loan to better understand the interest rate, loan amount, and repayment period on offer:
Particulars |
Details |
|---|---|
Interest Rate |
Starting at 12% p.a. |
Maximum Tenure |
60 months |
Minimum Loan Amount |
₹50,000 |
Maximum Loan Amount |
₹25,00,000 |
*Disclaimer: The mentioned details are subject to change at the lender's discretion.
SMFG India Credit Personal Loans include a few standard charges apart from the interest. Take a look at the details of these fees below:
Particulars |
Details |
|---|---|
Processing fee |
0% - 6% of the loan amount |
Prepayment Charges |
0% to 7%* of the outstanding principal |
Late Payment Charges |
Up to 2% per month of the overdue amount calculated on day to day basis plus applicable taxes |
There are certain foreclosure charges too applied if you choose to repay your loan early. Here is a breakdown of SMFG India Credit Personal Loan foreclosure charges:
Foreclosure Charges (Basis of fully paid total EMIs) |
Interest rate levied |
|---|---|
0 to 6 EMIs |
Foreclosure Not Allowed |
7 to 17 EMIs |
7.00% |
18 to 23 EMIs |
5.00% |
24 to 35 EMIs |
3.00% |
36 or more EMIs |
0.00% |
*Disclaimer: The mentioned charges are subject to change at the lender's discretion.
Here are the key eligibility criteria required to apply for this loan:
You must be between 21-60 years
You must be a salaried employee in a private limited company or public sector undertaking
Your monthly income should be at least ₹25,000 if you reside in Mumbai/Delhi and ₹20,000 if residing elsewhere in India.
You should have a minimum work experience of 1 year, and 6 months experience in the current company if salaried
A credit score/CIBIL score minimum of 750 is required
To complete your SMFG India Credit Personal Loan application, make sure to have these documents ready in addition to fulfilling the eligibility terms:
Duly filled and signed application form
Proof of identity - Aadhaar Card/ PAN Card/Voter ID
Proof of address - Passport/Driving License/Utility bills
Proof of age
Salary slips for the last three months
Bank statement for the last six months
Income tax returns or form 16
Applying for a SMFG India Credit Personal Loan online on Bajaj Markets is very simple. Follow these steps and get your loan instantly:
Fill in your personal and employment details
From the list of loan offers, select ‘SMFG India Credit’ to move ahead
Upload the scanned copies of all the required documents
Submit your application and post the approval and verification check; you will get money in your account in 24 hours
At Bajaj Markets, you can apply for a loan amount of up to ₹25 Lakhs. The loan amount eligibility depends on your age, net monthly income, credit score etc.
You get the best interest rates as per your requirements. The interest rates start at 12% p.a.
You can apply for a SMFG India Credit Personal Loan online with minimal documentation. All you need to do is upload soft copies of the documents required from the comfort of your home.
As instant is the approval process, the swifter is the disbursal process. Post the approval of your application and verification of all the documents and details,
you can get the money in your bank account in a matter of hours.
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You can avail of additional benefits like personalised pre-approved offers, better interest rates, flexible repayment tenure, and much more.
SMFG India Credit ensures that it provides a best-in-class experience to you and so the customer support team is available 24x7.
You can visit the SMFG India Credit ‘Contact Us’ section and drop in your query along with your name, mobile number, nature of the query, etc. and submit it.
You can also give a call to the toll-free number 1800-103-6001
You can also drop an email to namaste@smfgindia.com for any complaint, query or to raise a service request.
The representatives will get in touch with you and help resolve your query as soon as possible.
Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.
To get a SMFG India Credit Personal Loan, you can visit the Bajaj Markets website and fill out an application form. You will need to provide relevant documents and meet the eligibility criteria. Once your application is processed and approved, the loan amount will be disbursed to your account.
Following is the eligibility criteria for SMFG India Credit Personal Loan:
The applicant’s age must be between 21-60 years
You must be a salaried employee in a private limited company or public sector undertaking, or a self-employed professional with minimum turnover as per policy
If salaried, the net monthly income must be 25,000 per month if residing in Mumbai/ Delhi, or 20,000 per month if residing elsewhere in India.
If self-employed, you must have earned yearly profit after tax determined based on profession/industry
Should have a minimum work experience of 1 year, and 6 months experience in the current company if salaried
CIBIL Score of minimum 750 is required
You can repay your SMFG India Credit personal loan through various modes, such as auto-debit, post-dated cheques, or online payments. You can set up the auto-debit facility from your bank account to ensure timely repayment. You can also pay using the SMFG India Credit website or mobile app.
To track your SMFG India Credit Personal Loan status, you can visit their website and login to your account. Alternatively, you can call their customer service number and give your application details to get an update.
Yes, you can get a loan from SMFG India Credit if you are self-employed.
The repayment tenure starts at 12 months and goes up to 60 months.
The time taken for SMFG India Credit Personal Loan approval varies and can depend on several factors, such as the completeness of the application, documentation, and verification process. Typically, it can take anywhere from a few hours to a few days for loan approval and disbursal.
Yes, SMFG India Credit checks CIBIL scores as a part of their loan approval process. The CIBIL score is an important factor that determines your creditworthiness and helps Fullerton assess the risk associated with lending.
You cannot make any part prepayments towards your personal loan from SMFG India Credit. However, you can foreclose your loan after you have paid at least 6 EMIs of your loan.
