Learn how to make SMFG India Credit personal loan payment online. Find out about the repayment methods available, EMI calculation, associated charges and more.
SMFG India Credit Personal Loan Repayment involves returning the borrowed sum plus interest through scheduled EMIs over a chosen tenure. Knowing your EMI amount, payment dates and total interest helps you budget better and avoid surprises. The lender offers convenient online channels and tracking tools to make repayments simple and timely. Managing payments carefully can prevent late fees, reduce borrowing costs and protect your credit score, keeping your loan journey stress-free for peace of mind and control.
SMFG India Credit offers several convenient digital options to help you clear your EMIs smoothly. Here is a simplified process of how you can make your repayment online:
Go to smfgindiacredit.com, open the ‘Quick Links’ menu, and select ‘Pay EMI’. This will take you to the secure online payment page.
On the payment screen, enter your ‘Loan Account Number’ to view your outstanding amount or monthly EMI. You may choose to pay the full outstanding, the current EMI, or a custom amount. Keep in mind:
Paying more than your EMI may attract prepayment charges.
Paying less than your EMI may lead to additional interest on the remaining balance.
Enter your registered mobile number and email ID so your payment can be verified and receipts can be sent to you.
You can make the payment using either PayTM or BillDesk.
Via PayTM: Use BHIM UPI, net banking, debit card, or your PayTM wallet.
Via BillDesk: Pay using net banking, debit card, Google Pay, or UPI/wallet options available on the gateway.
Note: SMFG India Credit does not currently support credit card payments or apps like PhonePe for EMI payments.
To avoid missing EMIs, you can activate ECS auto-debit, which automatically deducts your instalment each month. Raise a request through the Service Connect portal or the Contact Us page to enable this facility.
These steps help ensure your repayments are timely, seamless, and fully within your control.
Before you take an SMFG India Credit loan, estimating your monthly EMI and the total repayment helps you plan your finances better. Use the standard reducing-balance EMI formula below to find the fixed monthly instalment that covers both principal and interest:
EMI = [P × r × (1+r)^n] / [(1+r)^n − 1]
Where:
P = loan amount (principal)
r = monthly interest rate (annual rate ÷ 12, in decimal form)
n = total number of monthly instalments (tenure in years × 12)
Loan Amount (P) = ₹25,00,000
Tenure (n) = 5 years = 60 months
Annual interest rate (R) = 12% p.a.
Monthly interest rate (r) = 12% ÷ 12 = 1% = 0.01
Substituting these values into the formula, we get the calculation below:
EMI = [2500000 × 0.01 × (1 + 0.01)^60] / [(1 + 0.01)^60 − 1]
= ₹55,611 (approx.)
This method gives a single monthly EMI that includes both principal and interest. Alternatively, you can use the SMFG India Credit EMI Calculator on Bajaj Markets for a simplified and faster calculation process. Enter the loan amount, tenure and interest rate to instantly view the EMI, total interest and total payable amount.
Using the calculator for the example above, you get the following results:
Monthly EMI ≈ ₹55,611
Total Interest Amount ≈ ₹8,36,667
Total Payable Amount ≈ ₹33,36,667
Before beginning your SMFG India Credit personal loan repayment, it’s important to understand the various charges that may apply during your loan tenure. Being aware of these costs helps you plan your repayments better and avoid unexpected expenses. Below are the key fees and charges commonly associated with SMFG India Credit personal loans.
Processing Fee |
0% - 6% of the loan amount |
Prepayment Charges |
0% to 7%* of the outstanding principal |
Late Payment Charges |
Up to 2% of the overdue amount per month as calculated on a day-to-day basis (plus taxes as applicable) |
Disclaimer: These fees and charges are subject to change and may vary based on the terms of your Privo loan repayment agreement. Always refer to your loan agreement for the most accurate and up-to-date information.
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.
Log in to the SMFG India Credit customer portal and open your loan account to view or download the monthly statement. The statement displays key details such as your loan account number, outstanding amount and recent transactions for easy tracking.
Your repayment history appears in the portal as past statements or a transaction log, showing paid EMIs, dates and any adjustments. Reviewing this history helps you reconcile payments and monitor how much principal and interest you have repaid.
SMFG India credit provides online payment gateways (PayTM and BillDesk) that let you pay by net banking, UPI, debit card, Google Pay or PayTM wallet depending on the gateway options available at the time. If you prefer, you can also set up ECS auto-debit to have EMIs collected automatically each month.
If an EMI is missed, SMFG India Credit may apply late payment charges and additional interest as per your loan terms, and repeated delays can negatively affect your credit profile. It’s best to pay the missed instalment quickly and contact customer support for help if you face difficulty.
After making a payment, sign in to your SMFG India Credit account and view the loan or transaction summary. The system will show whether the payment is paid, pending or failed. Keep the transaction reference handy if you need to report any mismatch to support.
Payment confirmations are visible in your online account under transaction history and can normally be downloaded. The lender may also send receipts or confirmations to your registered email/phone. Save or screenshot receipts for your records and for any follow-up with customer care.
Your outstanding balance, EMIs already paid and remaining tenure are shown in the loan summary on the customer portal after you log in. This snapshot helps you see how much principal remains and plan future payments.
You can pay your SMFG India Credit loan online by visiting the official website and selecting the ‘Pay EMI’ option under the ’Quick Links’ menu. Enter your loan account number, choose the amount you want to pay, and complete the payment through PayTM or BillDesk using UPI, net banking, debit card or supported wallet options.
To foreclose (close) your loan early, request a final payoff figure and follow the foreclosure procedure outlined by SMFG, usually via the portal or customer care; foreclosure charges and terms will apply as per the loan agreement. Obtain written confirmation once the payoff is processed so your account is recorded as settled.