Eligibility Criteria for Suryaa Loans
To ensure a smooth and hassle-free loan approval process, applicants must meet the following requirements:
- Indian Citizenship: Applicants must be Indian citizens.
- Employment Status: Only salaried professionals are eligible.
- Minimum Salary Requirement: A monthly take-home salary of at least ₹30,000 is required.
- Salary Credit: Your salary must be regularly credited to a bank account.
- Age Criteria: Applicants should be between 25 and 55 years old.
- Loan Limit: You can avail a loan of up to 80% of your monthly salary.
If you meet these criteria, apply today and get the financial support you need—quick, easy, and hassle-free!
Required Documents for Loan Approval
To ensure a smooth and hassle-free loan application process, please provide the following KYC documents for verification:
- PAN Card – Mandatory for identity verification.
- Salary Slips – Last 3 months to assess income stability
- Bank Statements – Salary account statement for the past 3 to 6 months for financial assessment.
- Address Proof – Any government-approved document to verify your residential address.
Submit your documents today and get closer to quick loan approval!
Key Features of Suryaa Loans
- Personal Loans Up to ₹1,00,000 – Get financial support when you need it most.
- No Collateral Required – Cash loans are provided without any security cover.
- No Guarantor Needed – Apply for a loan independently, without a co-borrower.
- Loan Amount Up to 80% of Your Take-Home Salary – Borrow as per your financial capacity.
- Competitive Interest Rates – Interest rates up to 32% APR.
- Minimal Fees – Processing fees up to 10% of the loan amount.
- No Preclosure Charges – Pay as you use without additional preclosure costs.
- Flexible Repayment Tenure – Choose between 92 days to 1 year, based on your needs.
Fast approvals, easy disbursals—apply now and get the financial support you deserve!
Loan Terms and Disclosure
- Minimum Repayment Period: 12 months
- Maximum Repayment Period: 60 months
- Maximum Annual Percentage Rate (APR): 32% (including interest rate, processing fees, and other applicable charges)
Representative Example of Total Cost of Loan
Loan Amount | Tenure | Interest Rate | Processing Fee | Total Interest Payable | Total Processing Fee (one-time): | Total Amount Payable (including principal, interest, and fees) | Effective APR |
Rs. 2,00,000 | 36 months | 18% per annum (reducing balance) | 2% of loan amount (₹4,000) | Rs. 59,414 | Rs. 4,000 | Rs. 2,63,414 |
Important Disclosures
- The above example is for illustrative purposes only. Actual rates and fees depend on the applicant's profile and NBFC policies.
- No hidden charges. Pre-closure charges (if any) will be disclosed during the loan agreement process.
- All loans are subject to eligibility, credit approval, and documentation.