Suryoday Small Finance Bank Personal Loan

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Rates as low as 10.99%*
Loans Up to 30 Lacs
Same Day Disbursal
Doorstep Service
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About Suryoday Small Finance Bank Personal Loan

Are you looking for immediate finances for your personal use? There are many options available in the market. A personal loan is one of the best options for using the finances for a variety of purposes. It empowers you financially, be it any problem a personal loan has got it all covered.

A personal loan is an unsecured loan, which means you don’t have to mortgage any of your assets as collateral with the bank. It is a multipurpose loan so the funds of this loan can be used for any purpose of the borrower. The paperwork is fast and easy. The loan amount is disbursed to the borrower in no time at all.

Why Should You Apply for Suryoday Small Finance Bank Personal Loan?

Suryoday Small Finance Bank is one of the most reputed NBFC in the India. Suryoday Small Finance Bank Personal Loan has many benefits. It helps you to fulfill all your goals by providing you with the amount you require. There are many repayment options which the borrower can choose according to his convenience. Some of the reasons to apply for a personal loan are

  1. To pay your medical bills.
  2. To pay your previous debts.
  3. For using it for your personal expenses.
  4. Suryoday Small Finance Bank Personal Loan also improves your CIBIL score.

Suryoday Small Finance Bank Personal Loan Eligibility

There are certain eligibility criteria which the applicant has to fulfill to avail the Personal Loan, such as CIBIL score, monthly income, record of previously availed loans, repayment capacity of the individual, etc. There are two categories of applicants.

  1. Salaried Applicant
  2. Self-employed Applicant

There is different eligibility criteria for both.

Salaried Applicant

  1. The age of the applicant must be between 21 years to 60 years.
  2. If the applicant resides in a metropolitan city, then his minimum monthly income should be Rs 18,000 and if he resides in a non-metropolitan city, then he should have a minimum salary of Rs 12,000.
  3. The applicant should have a working experience of at least three years, and his salary should get deposited in his bank account only.
  4. Also, the applicant should have a good CIBIL score, and it should be at least 700.
  5. Furthermore, the applicant has to submit his bank statement of the last three months and the salary slip of the last six months.

Click to know more about Salaried Applicant

Self-Employed Applicant

  1. Firstly, the age of the applicant should be between 25 years to 65 years.
  2. Secondly, the applicant should have filed the ITR for the last three consecutive years.
  3. The credit score of the applicant must be good, and no previous debt should be remaining.
  4. The ITR filed should at least be of Rs 2.5 lakhs per annum.

Click to know more about Self-employed Applicant

Suryoday Small Finance Bank Personal Loan Documents

Suryoday Small Finance Bank Personal Loan

Documentation for Personal Loans varies according to the borrower’s profile. Before issuing the loan, the banks ensure the repayment capability of the borrower. The personal loan documentation is different for salaried and self-employed applicants.

  1. Identity proof (Passport/Id card/voter card/driving license/Aadhar Card) It can be any one of these.
  2. Residence proof (Passport/Id card/voter card/driving license/Ration Card/Aadhar Card).  If the applicant lives in a rented apartment, then he has to submit his rental agreement, electricity bill which has to be in the name of the applicant and the address of the owner.
  3. The applicant also has to submit his PAN card which is an important document under the KYC norms.
  4. If the applicant is a salaried, then he has to submit his salary slip of the last three months and the bank statement of the last six months.
  5. If the applicant is a self-employed then, he has to submit the ITR of the last three years and his business should be registered.
  6. Two passport size colored photos.

Salaried Individual

Self Employed People

Last 3 months salary slips & last 6 months bank statement

 ITR of minimum 2.5 lakhs for last 3 years

Identity Proof: Aadhar Card/Pan Card/Voter Id/ Driving License/ Passport

Address Proof: Aadhar Card/Pan Card/Voter Id /Passport/Driver License and if the person is living in a rented apartment then rental agreement, electricity & water bill and owner’s address

 Two colored photographs

 PAN Card photocopy

Suryoday Small Finance Bank Personal Loan Interest Rates

A Personal loan is an immediate finance option, provided by the banks and NBFCs to the borrowers. The customer can avail a personal loan from any financial institution, private or government bank. The personal loan interest rates vary according to the bank’s and customer’s profile. Some institutions provide special offers to their regular or internal customers like affordable interest rates, low processing fee, affordable EMIs and long tenure period.

Click to know more about Interest Rates on Personal Loan

Suryoday Small Finance Bank Personal Loan Tenure

The tenure or loan duration of a personal loan is from 1 year to 5 years. The customer can choose the tenure according to his ease and comfort.

Click to know more about EMI Calculator

Features of Suryoday Small Finance Bank Personal Loan

  1. Firstly, Suryoday Small Finance Bank Personal Loan is given without mortgaging any collateral of the borrower as a personal loan falls under the category of unsecured loans.
  2. Secondly, there is minimal documentation with a quick processing.
  3. Suryoday Small Finance Bank Personal Loan gets easily sanctioned within 48-72 hours.
  4. A personal loan is a multipurpose loan which can be used for many purposes like; paying off your previous bills, house renovation etc.
  5. There is no third party involved; the loan is directly given to the borrower in Suryoday Small Finance Bank Personal Loan.
  6. Getting Suryoday Small Finance Bank Personal Loan is very easy and hassle-free. Online loan portals have made it very convenient and easy for the customers to apply.

Suryoday Small Finance Bank Personal Loan Benefits

  1. Firstly, Suryoday Small Finance Bank Personal Loan is very easily accessible. You can apply online for it from anywhere in India.
  2. Secondly, the rate of interest of Suryoday Small Finance bank personal loan is very reasonable.
  3. The NBFC is well known in the country, you can easily trust it and its terms and conditions.
  4. The documentation process is very easy and simple at suryoday small finance bank personal loan.
  5. If you are eligible, your loan gets sanctioned within a day.
  6. After the approval of your loan, the process of loan disbursal is very quick.
  7. You can use the loan amount according to your wish; the bank would not ask you the reason.
  8. The most important thing is that a personal loan is an unsecured loan, so there is no need for collateral.
  9. Lastly, there is no need of any guarantor.

How to Apply for Suryoday Small Finance Bank Personal Loan?

  1. You have to visit www.dialabank.com.
  2. Then, go to the loan section and go to the personal loan link.
  3. The applicant will get all the details of the Personal Loan where they can read and understand more about the loan.

Why Dialabank?

  1. We do not charge any extra fees from our customers.
  2. Get advice and guidance from the experts.
  3. The process is time saving if you apply through dialabank.
  4. The Loan gets disbursed in no time at all.

About Suryoday Small Finance Bank

Suryoday Small Finance Bank is one of the leading NBFC (Non Banking Financial Companies) of India. It is one of the most trusted and reliable NBFC. It has a very large customer base. The company has a good reputation among people and has a large network across the country.

FAQs About Suryoday Small Finance Bank Personal Loan

What is Suryoday Small Finance Bank Personal Loan?

When you are in urgent need of financial help you can apply for a Personal Loan from Suryoday Small Finance Bank. A Personal Loan can be availed without the need for submitting a security and loan amount can be used for any personal need.

What is Personal Loan rate of interest in Suryoday Small Finance Bank?

Suryoday Small Finance Bank Personal Loan rates start from 10.75% per annum. The rate of interest depends on the borrower’s profile. If you have a good CIBIL Score you can expect a lower rate of interest.

How can I get Suryoday Small Finance Bank Personal Loan?

You can get a Personal Loan from Suryoday Small Finance Bank by visiting the nearest branch with your documents and duly signed application form. You can also visit Dialabank’s digital platform to compare offers of different banks and financial companies.

How to apply for Personal Loan in Suryoday Small Finance Bank?

You can apply for a Personal Loan with Suryoday Small Finance Bank by contacting your nearest branch in person or through Dialabank’s online portal for better convenience and to get the best deals and offers.

Why apply for Suryoday Small Finance Bank Personal Loan?

Personal Loans can be used to finance all your small and big expenses. The long tenures and attractive interest rates make it easy to repay the loan in burden-free EMIs. You can use your Suryoday Small Finance Bank Personal Loan for all your personal financial needs without having to submit any security.

How much EMI on Suryoday Small Finance Bank Personal Loan?

Your Personal Loan EMI depends on your loan amount, loan tenure, and rate of interest. You can visit Dialabank and use our EMI Calculator to calculate your Suryoday Small Finance Bank Personal Loan EMIs.

How much CIBIL score required for Suryoday Small Finance Bank Personal Loan?

You will need a CIBIL score above 700 for your Loan with Suryoday Small Finance Bank. Banks require a high CIBIL score for unsecured Personal Loans because it helps calculate the risk of default.

Minimum credit score needed for Suryoday Small Finance Bank Personal Loan?

A minimum credit score of 700 is needed for Suryoday Small Finance Bank Personal Loans. A healthy credit score is a necessity to avail unsecured loans.

How to calculate Suryoday Small Finance Bank Personal Loan EMI?

You can calculate your Suryoday Small Finance Bank Personal Loan EMI using the formula, E = P x R x [((1+R)^N)/((1+R)^N)-1]. Here, P is your principal loan amount, R is your rate of interest, and N is the loan tenure. You can also use Dialabank’s EMI calculator.

What can I use Suryoday Small Finance Bank Personal Loan for?

Your Suryoday Small Finance Bank Personal Loan can be used to fulfill all your financial needs and meet all your expenses. A wedding, an event, travel, and vacation, buying of consumer goods, payment of bills, etc.

Can I prepay Suryoday Small Finance Bank Personal Loan?

Yes, you can prepay your Suryoday Small Finance Bank Personal Loan by contacting your loan branch in person. In some cases, you may be required to pay a small foreclosure charge.

How to prepay Suryoday Small Finance Bank Personal Loan?

Visit your Suryoday Small Finance Bank loan branch and apply for a foreclosure on your Loan account. You will need to pay all the pending amount and upon verification of your payments, your loan will be closed.

How to repay Suryoday Small Finance Bank Personal Loan?

You can repay your Suryoday Small Finance Bank Personal Loan in easy monthly EMIs that consist of both your principal amount and interest. You can either give a standing instruction or an ECS on your bank account for the monthly deduction of EMIs.

What documents are needed for Suryoday Small Finance Bank Personal Loan?

You will need your basic KYC documents along with proof of your income to apply for a Personal Loan from Suryoday Small Finance Bank. These documents are to be submitted along with a duly signed application form with the bank.

How to check Suryoday Small Finance Bank Personal Loan status?

You can check your Loan status by contacting your Suryoday Small Finance Bank branch in person or through customer care number.

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