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Personal Loan

19+ Years of
Business Experience

About Personal Loan

We SSM Associates, understand the importance of each stage in your life and are humbled to make an impact. Our motto is to help you with an honest intention.

Personal Loan is a short/medium tenured loan which requires no collateral/security for validation. The time taken to disburse these loans varies from a few hours to few days with minimal/no paperwork. Personal loans are specifically considered for its flexible end-use feature. These loans can be used for various purposes including emergency medical expenses, home renovation, wedding, etc.

Get Best Loans at SSM Associates

Personal Loan- Main Eligibility

Salaried Professional

Salaried professionals should be aged between 21 – 60 years old for loan approval.

Self-employed

Self-employed personnel should be aged between 23 – 65 years old for loan approval.

Income Proof

Minimum net monthly income: Rs. 15,000 per Month

Personal Loan Offerings

Medical Emergency

Wedding Ceremonies

Abroad Travel

Educations

Documents Required for Personal Loan

Salaried

ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License
Address Proof - Passport, Aadhaar Card, Driving License
Salary slips - (For three months), Bank statements for last 6 months

Self-Employed

ID Proof - Passport, PAN Card, Voters' ID, Aadhaar Card, Driving License
Address Proof - Passport, Aadhaar Card, Driving License
Proof of Business existence, Maintenance and Electricity Bills, Last 2 years Income tax returns of the applicant, Copy of GST registration for business

Common Queries

Frequently Asked
Questions

SSM Associates is the leading loan consultancy in Salem, offering expert guidance and personalized loan solutions.

80+ Winning award

01. What is a personal loan?

A Personal loan means borrowing money from the bank for your personal needs, without giving any security.

02. What are the Interest Rates for Personal Loan?

Personal Loan interest rates are applied basis the defined pricing matrix followed and standardised by the bank as per customer’s profile. Personal Loan rates vary from 10.85% to 16.25% per annum.

03. What are the loan tenure options for Personal Loan?
The loan can be repaid over a period of 12 to 72 months