Information only
SMFG India Credit is a non-banking financial company (NBFC), regulated by the Reserve Bank of India (RBI). It is a retail and small business lender owned by a Japanese banking group. Its registered office is in Porur, Chennai. Unlike a bank, an NBFC cannot take demand deposits such as savings or current accounts, so a loan from it is not a bank loan even though it works in a similar way.
Loans it offers
Loans listed for SMFG India Credit
| Loan | What to know |
|---|---|
| Home loans | Given through SMFG Grihashakti, its housing finance subsidiary, mainly for rural and semi-urban buyers. |
| Personal loans | Unsecured, so approval rests on income, existing EMIs and credit history; amount and tenure are set by the lender. |
| Loans against property | Secured on a property you own; the amount depends on the lender's valuation and your repayment capacity. |
| Business and MSME loans | For working capital or expansion; business vintage, financial statements and bank statements are usually asked for. |
| Two-wheeler loans | Part of its consumer finance range. |
| Loans for professionals | A separate professional segment in its range. |
LOANZ 360 explains how each of these loan types works: home loans, personal loans, loans against property, business and MSME loans, two-wheeler loans, loans for professionals. Its housing finance subsidiary is SMFG Grihashakti, formerly Fullerton India Home Finance.
Key facts
| Fact | Detail |
|---|---|
| Regulator category and layer | NBFC. Not named in RBI's upper layer list of 6 August 2026. |
| Registered office | Porur, Chennai |
| Corporate office | Mumbai (check the company's website for the current address) |
| Parent group | Sumitomo Mitsui Financial Group (SMFG), wholly owned |
| Former names and mergers | Formerly Fullerton India Credit Company |
As of 8 November 2026, the company trades as SMFG India Credit; older documents may still show the name Fullerton India. RBI publishes the upper layer list each year, so a lender's layer can change. See the RBI press release of 6 August 2026.
Before you apply
- Ask for the Key Fact Statement (KFS) before you accept an offer. It shows the annual percentage rate (APR), all charges and the repayment schedule in one place.
- Compare the APR, not just the stated interest rate, because processing and other charges set by the lender change the real cost.
- Check the lender's processing fee, foreclosure and part-payment terms, and penal charges. These are set by the lender.
- Read the sanction letter for the name of the legal entity that is lending, as group companies often have similar names.
- Check your credit score (CIBIL or another bureau) and your existing EMIs first. Checking your own score does not lower it.
- Apply only where you are likely to qualify. Too many lender checks in a short time can lower your score.
You can see current rates on the interest rates page and estimate repayments with the EMI calculator. The label on this page that shows whether LOANZ 360 works with this lender or only gives information is drawn from our live records. To see how lenders are shown, read how we rank offers and the lending partners page.
Last updated 12 Nov 2026