Personal Loan
Primarily Chandigarh and by extension
Punjab is known as the agricultural capital of the country.
However, it is quickly becoming one of the fastest developing
smart cities in India and boasts
of a burgeoning upper-middle-class population.
Thus, if you are a salaried or a self-employed
individual and are looking for a personal loan in Chandigarh,
you have come to the right place. Smart Money Investment offers
personal loans
customised to the needs of every individual.
With a personal loan from Smart Money Investment of up to Rs. 25 lakhs, residents of Chandigarh can now fund weddings, medical bills, home renovations,
higher education or even consolidate debt.
Documents & Eligibility
Here is a list of the basic eligibility criteria to apply for a personal loan at Smart Money Investment:
- You must be a residing citizen of India at the time of application
- You must be between 21 to 60 years of age
- You must be an employee of either a public sector enterprise or registered
private limited company or be self-employed
- To get a Personal loan for salaried, you must have a minimum monthly income of Rs. 20,000
- For self-employed individuals or businesses, the eligibility will depend on the minimum annual profit post-tax and also basis profession and industry
You can also determine your eligibility by using the Personal Loan Eligibility Calculator on the Smart Money Investment website.
If you meet these criteria, the next step involves providing the documents
to verify the information that
you initially submitted. Here is a list for your reference.
Minimum Salary
The minimum salary requirement is Rs, 20,000
per month to get a personal loan for salaried individuals in
all locations of India where we are present except for Mumbai
and Delhi (for residents of Mumbai & Delhi,
minimum salary should be Rs. 25,000).
Interest Rates
Personal loan interest rates at Smart Money Investment starts at 11.99%* applicable
for both salaried and self-employed professionals. However, the interest rate
can vary for up to 36%. It largely depends on the amount of loan requested, the tenure selected
your profile and credit history, and your current financial status.
There is also a processing fee component which can be up to 3% of the loan amount.
Typically, Smart Money Investment offers loans with a repayment period of anywhere between
12 and 60 months. If you intend to foreclose the loan, a prepayment charge may be
applicable ranging between 0% to 7%.
Please visit our personal loan interest rates page to know more.
How to Apply
There are two ways of loan application at Smart Money Investment – online or submitting a hardcopy
application at your nearest Smart Money Investment office.
Follow these steps to make your application online:
- Visit the Smart Money Investment homepage, look up the page on “Personal Loans’ and click ‘Apply Now’
- Fill in the application and upload soft copies of the documents required
A customer service representative will get in touch with you on receipt of the application and your documents.
If you choose a personal touch, you can submit the application form along with
copies of your documents at a branch office.
Our team will be happy to guide you with any query or issue.
Alternatively, you can always reach out to the customer support team on our
toll-free number (from 10:00 AM to 7:00 PM on all days except Sundays and public holidays)
or email us at
