SMFG India Credit (Fullerton) Personal Loan

Financial institute wants to make sure you can repay the loan. This is why they check your eligibility before approving a loan. The basic eligibility requirements for personal loans are as follows:

• Employment type: Salaried employees of Public Sector Undertakings or Private Limited Companies, as well as self-employed individuals with a current turnover policy.


• Work experience: At least one year of job experience and experience at the current company should be a minimum of 6 months.


• Credit score: The credit score of the loan applicant should be 750 or above to obtain a lower interest rate on a personal loan.


• EMI: Maximum EMI amount of the loan borrower can be 65% of their income.


• Income: For self- employed professionals the income should be minimum annual earnings after tax deduction based on profession or industry. For salaried employees, the monthly income should be Rs. 25,000 for the residents of Delhi and Mumbai, and Rs. 20,000 for the residents living in other parts of the country.

If you meet the eligibility standards listed below, you can begin the loan application process, which includes completing a form and submitting the necessary personal loan documents.

SMFG India Credit (Fullerton) Personal Loan Document Required

Applying for a personal loan may become easier if you have the necessary documents ready. Let's go over the specific documents you'll need to get aSMFG personal loan.

Identification proof:

• Aadhaar card
• Driving licence
• Voter ID
• Passport
• PAN Card

Signature proof:

• PAN Card
• Passport

Address proof:

• Aadhaar card
• Driving licence
• Voter ID
• Passport
• Electricity bill
• Ration card

For salaried employees:

Income proof:

• Recent salary slips
• Bank account statement
• ITR
• Form 16 from your employer

For self-employed professionals:

Income proof:

• Income computation for last 2 years
• Business proof
• IT assessment
• Bank account statement
• ITR
• TDS certificate

If you have the appropriate documents for a personal loan, you can apply online easily. You can utilise online tools to send scanned copies of your documents.