SUM8 Services Ashtamaya – The Sum of Trust

BMR Enclave, Kudlugate, Bangalore, Karnataka,IN

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Personal Loans Tailored For Your Needs

Get quick and hassle-free personal loans with low interest rates, instant approval, and flexible repayment options.

✔ Loan up to ₹25 Lakhs
✔ Same-day Approval
✔ Minimal Documentation
✔ Low Interest Rates

Our Trusted Banking Partners

Get Instant Personal Loan up to ₹1 Crore — Fast, Secure & Hassle-Free

Quick approval, minimal documentation, lowest interest starting at just 9.9% p.a.

✔ 100% Digital & Paperless Process

✔ Fast Approval & Quick Disbursal

✔ Minimal Documentation Required

✔ Competitive Interest Rates

✔ No Hidden Charges

Get Your Loan Now!

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Find Best Personal Loan Offers

10 Second Disbursal* 100% Digital Process* Quick Disbursal

Max. Loan Amt. Upto ₹70L

Rate of Interest 9.99% - 12.5%

Tenure upto 1-7 Years

Processing Fee ₹ 6,500

100% Digital Process* Quick Disbursal

Max. Loan Amt. Upto ₹80L

Rate of Interest 9.99% - 12.5%

Tenure upto 1-7 Years

Processing Fee Upto 2%

Low Processing fee

Max. Loan Amt. Upto ₹50L

Rate of Interest 9.99% - 12.5%

Tenure upto 1-6 Years

Processing Fee Upto 2%

Max Loan Amount 100% Digital Process

Max Loan ₹50L

ROI 9.9% - 20%

Tenure 1-7 Years

Processing Fee Upto 2%

Lowest Income requirement Quick Disbursal

Max Loan ₹50L

ROI 13% - 18%

Tenure 1-5 Years

Processing Fee 1.4% - 3.5%

Lowest Income requirement 100% Digital Process*

Max Loan ₹25L

ROI 9.9% - 17.2%

Tenure 1-5 Years

Processing Fee 1.1% - 1.5%

100% Digital Process Quick Disbursal

Max Loan ₹50L

ROI 9.9% p.a. onwards

Tenure 1-7 Years

Processing Fee upto 3%

Lowest Income requirement Quick Disbursal

Max Loan ₹15L

ROI Starting from 13.99%

Tenure 1-5 Years

Processing Fee 1% - 5%

Lowest Income requirement Quick Disbursal

Max Loan ₹50L

ROI 10.75% - 12%

Tenure 1-8 Years

Processing Fee upto 2%

Lowest Income requirement Quick Disbursal

Max Loan ₹30L

ROI Starting from 11%

Tenure 1-6 Years

Processing Fee 1% to 3%

100% Digital Process Quick Disbursal

Max Loan ₹35L

ROI Starting from 11.5%

Tenure 1-7 Years

Processing Fee 1% to 3.5%

Calculate Your EMI

Loan Amount

₹

₹1,00,000₹1,00,00,000

Loan Tenure

Years Months

yrs

1 year10 years

Interest Rate

%

7% p.a.30% p.a.

Monthly EMI

₹ 0

Principal ₹ 0

Interest ₹ 0

Total ₹ 0

● Principal ● Interest

Repayment Schedule

Month	EMI	Principal	Interest	Balance

Why Choose Our Personal Loan?

Experience hassle-free personal financing with fast approvals, transparent terms, and flexible repayment options tailored to your needs.

Instant Loan Approval

Get quick approvals with a streamlined digital process, ensuring faster disbursal when you need funds the most.

100% Secure Process

Your data is protected with bank-grade security and advanced encryption for complete peace of mind.

Attractive Interest Rates

Enjoy competitive interest rates with affordable EMIs designed to fit your monthly budget comfortably.

Flexible Repayment Tenure

Choose repayment options ranging from 12 to 72 months, giving you full control over your financial planning.

Minimal Documentation

Simple online documentation with minimal paperwork ensures a smooth and quick loan journey.

No Collateral Required

Get unsecured personal loans without pledging assets, based purely on your income and credit profile.

Personal Loan Eligibility & Documents Required

For Salaried Individuals

✔ Age: 21 to 60 years
✔ Minimum monthly income: ₹20,000
✔ Work experience: 1–2 years
✔ Current job tenure: Minimum 6 months
✔ Credit score: 650+ preferred

For Self-Employed

✔ Age: 25 to 65 years
✔ Minimum annual income: ₹3,00,000
✔ Business vintage: At least 3 years
✔ ITR for last 2 years required
✔ Credit score: 700 or above

Documents Required

✔ PAN Card & Aadhaar Card
✔ Last 3 months salary slips
✔ Last 6 months bank statements
✔ Passport-size photograph
✔ Address proof

Key Highlights of Personal Loan

Enjoy attractive personal loan interest rates starting from 10.50% per annum, tailored to your credit profile.
Compare and choose from 100+ leading banks and NBFCs to secure the most competitive loan offer.
Get complete transparency on processing fees, charges, and interest rates across top lenders in India.
Benefit from flexible repayment options with loan tenures ranging from 36 to 84 months.
Apply online with a fast, digital process and receive instant approval with minimal documentation.
Use the loan funds for any personal need including marriage, education, medical expenses, travel, or shopping.
No collateral or security is required, as personal loans are completely unsecured.
Access quick disbursal through trusted instant loan apps and digital lending platforms across India.

Best Banks & NBFCs Offering Personal Loan

Bank/NBFC	Loan Amount	Rate of Interest	Processing Fee	Maximum Tenure
HDFC Bank	Rs. 50,000 – Rs. 40 Lakhs	9.9% – 24% p.a.	Up to Rs. 6,500 + GST	72 months
ICICI Bank	Rs. 50,000 – Rs. 50 Lakhs	9.9% p.a. onwards	Up to 2% + taxes	72 months
Axis Bank	Rs. 50,000 – Rs. 40 Lakhs	9.9% – 22% p.a.	Up to 2% + GST	84 months
IndusInd Bank	Rs. 50,000 – Rs. 15 Lakhs	13% p.a. onwards	Up to 2% + GST	84 months
Kotak Mahindra Bank	Rs. 50,000 – Rs. 35 Lakhs	10.99% – 16.99% p.a.	Up to 5% + taxes	72 months
Yes Bank	Rs. 50,000 – Rs. 50 Lakhs	11.25% – 21% p.a.	Up to 2.5%	72 months
HSBC	Rs. 75,000 – Rs. 30 Lakhs	10.15% – 16% p.a.	Up to 2%	60 months
Bajaj Finserv	Rs. 20,000 – Rs. 55 Lakhs	16% – 31% p.a.	Up to 3.93%	96 months
L&T Finance	Rs. 50,000 – Rs. 30 Lakhs	11% p.a. onwards	Up to 3% + taxes	72 months
Aditya Birla Capital	Rs. 1 Lakh – Rs. 40 Lakhs	10% – 32% p.a.	Up to 4%	84 months
Tata Capital	Rs. 40,000 – Rs. 35 Lakhs	11.99% – 29.99% p.a.	Up to 5.5% + GST	72 months
SBI	Rs. 1 Lakh – Rs. 35 Lakhs	11.45% – 14.60%	Nil till 31st Jan 2025	84 months
ZestMoney	Rs. 5,000 – Rs. 25 Lakhs	14% p.a. onwards	As applicable	36 months
MoneyView	Rs. 5,000 – Rs. 10 Lakhs	14% p.a.	—	60 months

Features & Benefits of Personal Loan

Interest Rate: Personal loan interest rates start from 10.50% per annum and vary based on your credit score, income profile, and lender policies.
Loan Amount: Borrow amounts starting from as low as ₹20,000 up to ₹1 Crore, depending on your eligibility and financial requirements.
Flexible Loan Tenure: Choose a repayment tenure ranging from 12 to 60 months, allowing you to manage EMIs comfortably based on your budget.
No Collateral Required: Personal loans are completely unsecured, meaning no asset or security is required to avail the loan.
Fast Loan Processing: Enjoy quick turnaround times with many lenders offering online approvals within 24–48 hours of application submission.
Processing Fees: Processing charges vary across lenders and are generally up to 3.5% of the approved loan amount.
Prepayment & Foreclosure Charges: Some lenders may apply a prepayment or foreclosure fee if the loan is closed early, typically ranging between 1%–2% of the outstanding balance.

Types of Personal Loan

Personal loans can be customized to meet various financial needs. Below are the most common types of personal loans available in India:

Travel Loan: Designed for travel and leisure expenses, travel loans help cover costs such as flights, accommodation, tour packages, and travel insurance, allowing you to repay comfortably through affordable EMIs.
Wedding Loan: Wedding loans provide financial support for expenses such as venue bookings, catering, decorations, jewelry, and honeymoon travel, helping you plan your special occasion without financial stress.
Festival Loan: Festival loans assist in managing expenses related to festivals, celebrations, family gatherings, and social events, ensuring smooth preparations during festive seasons.
Consumer Durable Loan: These loans are ideal for purchasing consumer durables such as home appliances, electronics, gadgets, and furniture, with easy repayment options.
Pension Loan: Pension loans are specially designed for retirees to manage medical expenses, household needs, or other financial commitments, based on their regular pension income.
Home Renovation Loan: Home renovation loans help finance repair work, remodeling, modernization, or purchase of materials to upgrade and improve your living space.
Medical Loan: Medical loans provide quick financial assistance for healthcare needs, including planned treatments, surgeries, hospital bills, and emergency medical expenses.
Education Loan: Personal loans can also be used to support education-related expenses, such as tuition fees, skill development courses, or overseas studies, offering flexibility in repayment.

Factors Affecting the Eligibility of a Personal Loan

1. Credit score: This is the most crucial eligibility factor. A credit score of 700 or above is typically considered a good score for personal loans. The better your credit score, the higher your chances of getting a loan online.
2. Income: People with higher incomes are more eligible for a higher loan amount than those who have low incomes.
3. Employment: Employees of listed companies, Central and State Governments, and public sector undertakings are eligible for a higher loan amount.
4. Work continuity: You should be a long-term employee of your current organisation. If you are self-employed, the continuity of business and income is very important.
5. Age of the borrower: The minimum age requirement is 21 years. Banks have criteria for deciding the maximum age limit. In most cases, your age at the end of the repayment period should not exceed 65 years.
6. Loan amount: Applying for a loan amount that you can comfortably service makes you more eligible for a personal loan and improves your chances of approval.

Points to Keep in Mind Before Taking a Personal Loan

Keep your credit score high: A credit score represents your creditworthiness based on your past repayment history. Try to repay your existing debts on time and regularly. Clear your existing loan before applying for a new loan. This will improve your credit score. To avail a personal loan you should have a good credit score (preferably 700 or above).
Compare all the offers before application: Make sure you compare the interest rates, eligibility, and other features of all personal loan options available for you before applying. This ensures you get the best available low-interest personal loan.
Assess the entire cost: Before finalising the deal, make sure you have assessed the entire cost of your loan, including interest rates, processing fees, prepayment charges, and more.
Analyse your needs: Don’t take a personal loan to fulfil unnecessary wants. Borrow only for necessary needs, as the repayment will be your responsibility along with added interest.
Evaluate your repayment capacity: Before borrowing, evaluate how capable you are of repaying it. Ensure your income is enough to repay monthly EMIs for years without financial burden.
Don’t fall for fake offers: All that glitters is not gold. Some lenders may offer very low interest rates to attract you, but later add additional hidden charges, making the loan more expensive.

Frequently Asked Questions

01

What is a Personal Loan?

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A personal loan is an unsecured loan that can be used for multiple purposes such as medical expenses, weddings, travel, education, home renovation, or debt consolidation.

02

Who is eligible for a Personal Loan?

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Salaried and self-employed individuals aged between 21 and 60 years with a stable income and good credit history are generally eligible, subject to lender criteria.

03

What is the minimum and maximum loan amount?

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Personal loan amounts typically range from ₹50,000 to ₹40 lakhs, depending on your income, credit score, and repayment capacity.

04

Is collateral required for a Personal Loan?

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No. Personal loans are unsecured and do not require any collateral or security.

05

What documents are required?

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Common documents include PAN card, Aadhaar card, recent photographs, last 3–6 months bank statements, salary slips or ITR, and address proof.

06

What is the loan tenure?

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Personal loan tenure usually ranges from 12 months to 60 months, depending on the lender and loan amount.

07

How quickly is the loan disbursed?

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Once approved and documentation is completed, personal loans are generally disbursed within 24–48 hours directly to your bank account.

08

Can I prepay or foreclose my Personal Loan?

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Yes. Most lenders allow partial prepayment or full foreclosure, subject to minimal charges and lender-specific terms.

09

Does taking a Personal Loan affect my credit score?

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Yes. Timely repayment improves your credit score, while missed or delayed EMIs can negatively impact your credit profile.

10

Can self-employed individuals apply for a Personal Loan?

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Yes. Self-employed professionals and business owners can apply by submitting ITR, business proof, and bank statements showing stable income.

Ready to Get Your Personal Loan?

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Don’t Bother Yourself with Loan Queries!

Talk to our experts for any assistance.

SUM8 Services provides reliable loan advisory & financial assistance. Reach out to us anytime for queries related to Personal Loans, Business Loans, or Instant Credit solutions.

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Phone Number

+91 9345678900

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Email

admin@sum8.in

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Address

BMR Enclave, Kudlugate, Bangalore, Karnataka

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Working Hours

Mon – Sat: 10 AM – 7 PM