SMFG India Credit Bank Personal Loan SMFG India Credit Personal Loan

SMFG India Credit is a Non-Banking Finance Company. Apply personal loan for salaried online at SMFG India Credit that offers benefits like ? Loan upto 20 lakhs*, Flexible Interest Rates. Get Personal Loan for Self-Employed Professionals up to 30 Lakhs at an attractive interest rate at SMFG India Credit. You can avail a personal loan for Wedding, Holiday, Home Improvement, Emergency situations & Special offers for Doctors.
SMFG India Credit Personal Loan offers:
  • Simplicity - Easy to understand, simple processes and standard documentation
  • Speed - Average turnaround time in loan processing is just two days
  • One of the lowest Personal Loan Interest Rates.
₹ 273,923 crores worth of Personal Loan Applications received! (last updated on 16 June 2024)
Instant Apply for SMFG India Credit Personal Loan @ Lowest Rates & your CIBIL score absolutely FREE.
Loan Amount
Employment Status

SMFG India Credit Personal Loan Details:

Interest Rates 11.99% - 26.00%
Processing Fee 2.00%
Foreclosure charges Upto 7%, 0% after 3 years
Repayment 12 - 48 Months
Loan Amount Maximum 20 Lakh
Minimum loan amount Rs. 65,000 (Metro & Tier 1 cities), Rs. 50000 (Tier 2,3 and 4 cities)

SMFG India Credit Personal loan Interest Rates 2024

Interest Rates Pre Payment Charges
11.99% - 26% Upto 7.00%, 0% after 3 years 2%

Eligibility for Women Customers in SMFG India Credit Personal Loan

  1. Women Applicants from Metropolitan, Urban as well as Semi Urban Areas.
  2. Special Interest Rates – 2.00% lower from applicable base interest rates.
  3. Maximum Loan available upto Rs.10 lakh
  4. Repayment Period of upto 48 Months or 4 Years.

Eligibility Criteria for SMFG India Credit Personal Loan

Age of Applicant Min-21 years ; Max-60 years.
No. of years in employment 3 years & above
Current Experience 6 months & above
Net Monthly Income Rs. 12,500/- & above

Documents List for SMFG India Credit Personal Loan

Identity Proof Passport/ driving license/PAN card/ Photo credit card (with embossed Signature and last two months statement)/ banker’s sign verification
Age Proof PAN Card/ Passport/ driving license/ School leaving certificate/ Voter’s card/ BirthCertificate/ LIC policy (only for age Proof).
Address Proof Passport/ Telephone bill (BSNL/MTNL)/ Electricity bill/ Title deed of property/Rental agreement/ Driving license/ Election ID card/ Photo-credit card (with last two month statements)
Income Proof Latest 3 months salary slip (Computerized pay slip with company Logo/pay slip on company letter head)
Job Continuity Proof Form 16/relieving letter/appointment Letter.
Banking History Bank statements of latest 6 months

SMFG India Credit Personal Loan EMI Calculator

Suppose, you avail a personal loan of 5 Lakh so as to make a down payment for your Home Loan. After checking your profile ( like Salary, Company, Other Loan amounts) offer you the loan at an interest rate of 15% per annum for a tenure of 5 years. So before signing the agreement, let’s take a look at the table below to know the exact calculation of EMIs, Interest and Total Amount Payable on a personal loan by you. Loan Amount = Rs. 5,00,000 Monthly Instalment (EMI) = Rs. 11,895
Year Principal Interest Balance Amount
1 Rs. 72,599 Rs. 70,141 Rs. 427,401
2 Rs. 84,266 Rs. 58,474 Rs. 343,135
3 Rs. 97,814 Rs. 44,926 Rs. 245,321
4 Rs. 113,538 Rs. 29,202 Rs. 131,783
5 Rs. 131,930 Rs. 10,950 Rs. 0

Compare SMFG India Credit Personal Loan Interest Rates with Other Banks

Bank Name Interest Rate
Estimated EMI as Per Lac (for 5 years)
HDFC Bank Personal Loan 10.75% - 13.45%
Rs.2326 - Rs.2776
ICICI Bank Personal Loan 11% - 17.50%
Rs.2174 - Rs.2512
Bajaj Finance Personal Loan 11.99% - 16%
Rs.2419 - Rs.2485
Kotak Mahindra Personal Loan 10.50% - 16.99%
Rs.2199 - Rs.2649
Indusind Bank Personal Loan 12.99% - 20.00%
Rs. 2,275 - Rs. 2,649
Tata Capital Personal Loan 11.99% - 17.00%
Rs. 2,224 - Rs. 2,594
Standard Chartered Personal Loan 10.99% - 18.00%
Rs. 2,174 - Rs. 2,539
SMFG India Credit Personal Loan 11.99% - 26.00%
Rs. 2,224 - Rs. 2,994
Citibank Personal Loan 11.49% - 16.50%
Rs. 2,199 - Rs. 2,458
Capital First Personal Loan 14% to 20%
Rs. 2,327 - Rs. 2,649
Available Other Products of SMFG India Credit in India