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Sugmya Samriddhi Loan
Sugmya’s “Sugmya Samriddhi” loan product stands as a testament to our commitment to fostering income generation and growth activities within communities. Our unique approach empowers individuals to access loans specifically tailored for ventures aimed at augmenting income streams. Predominantly catering to beneficiaries involved in Agri-allied, Production, Transportation, and Trading sectors, this product has been a cornerstone of Sugmya’s offerings since its inception.
At Sugmya, we strive not only to facilitate financial support but also to infuse a social dimension into our credit services. By seamlessly integrating modern technology into the Indian Financial Sector, we aim to democratize access to credit, particularly for unserved customers residing in rural and semi-urban (Tier-3 and Tier-4) areas.
Through “Sugmya Samriddhi,” our overarching goal is to enable individuals to pursue their entrepreneurial aspirations, contribute to local economies, and ultimately, enhance their overall socio-economic well-being. We are dedicated to bridging the gap between financial inclusion and grassroots economic development, thereby fostering sustainable growth and prosperity within our communities.
| Product Features and Eligibility | ||
| Product Features | Loan Amount | ₹ 30,000 to 60,000 |
| Tenure | 12 to 24 Months | |
| Processing Fee | 3% + Applicable GST | |
| Repayment Frequency | Bi-weekly/Two Bi-Weekly | |
| Collateral Type | Collateral Free Loan | |
| Loan Type | Individual | |
| Eligibility | Nationality | Indian |
| Age Criteria | 21 to 60 Years | |
| Residence Type | Residential place to be owned | |
Applicants must meet the following requirements to be eligible for the loan:
- Should fulfil KYC documents requirements
- Age should be between 18 to 60 years
- Should not have an adverse credit record
- Should meet the acceptable credit norms as per RBI and Sugmya Finance
How to Apply
- Visit the nearest Sugmya Finance branch and our Relationship Officer will guide you on the application process.
- Call us on our toll-free number 1800-212-5900 and our Relationship Officer will fix a doorstep service appointment to help you with the application process.
For Terms and Conditions, please contact the nearest Sugmya Finance branch.
Loan approval is at the sole discretion of Sugmya Finance Private Limited.
A complete KYC process is required to take a Sugmya Samriddhi Loan.
The documents required are:
- Primary ID:
- Aadhaar
- Secondary ID:
- Voter ID card
- PAN card
- Passport
- Driving licence
- MGNREGA Card
- Letter issued by Government authorities
- Passbook of nationalised banks
- Address Proof:
- Voter ID card
- Aadhaar
- Passport
- Driving licence
- MGNREGA Card
- Letter issued by Government authorities
- Passbook of nationalised banks
- Life Insurance policy or latest Premium receipt
- Rent agreement
- Consumer gas connection card/Book
- Utility bills (not more than 90 days old)