Loans range from ₹1,000 to ₹100,000

Tenure: 91 days to 15 months. Interest rates range from 0%-29.95% depending on risk profile of customer and product availed
Example: If loan amount is ₹50,000 & interest is 22% per annum with tenure of 91 days; after deducting any other fees
Interest = ₹50,000 x 22%/365 x 91 = ₹2,742

Sudha Pocket is an Instant Personal Loan App & Credit Platform for Young Professionals across India, where one can apply for Personal Loan Online & avail up to ₹1 Lakh as Direct Cash Transfer to Bank Account.

Loan Types


Personal Loan for Salaried - A personal loan option where you can avail amounts from ₹1,000 to ₹1 Lakhs as direct bank transfer for a tenure ranging from 3 to 15 months. All you need is your PAN Card, ID, Address Proof and Salary Proof.
Features

1. 100% Online process
2. Minimal documentation
3. Fast approval
4. Immediate bank transfer

Benefits & Risks

1. Get access to higher amounts & tenures as you repay on time
2. As compliance requirement your payment behavior is shared with credit rating agencies; based on that your credit score may increase/decrease

Eligibility

1. Indian resident
2. Above the age of 21 years
3. Should have monthly source of income

How to get started

1. Install Sudha Pocket App
2. Register through your Phone Number
3. Fill your basic details to check first level eligibility
4. Upload KYC documents - ID, Address Proof & PAN card
5. Avail Loan as bank transfer or e-voucher as per your request

Amount, Tenure, Fees & Charges

Loans amount: ₹1,000 to ₹100,000, Tenure: 91 days-15 months. Sudha Pocket charges one-time service fee while onboarding or during upgrade which is ₹30-₹350 depending on the risk profile and membership band availed by customer. Interest rates range from 0%-29.95% with equivalent monthly interest rate of 0%-2.49% only. A small processing fee is charged for loans e.g. for low risk customers 0%-3% of the principal, for very high-risk customers 2.5%-6.5%*. The charges and repayment tenures vary based on creditworthiness and repayment ability of the customers.

Penalty is charged only when someone delays their scheduled payment.

The APR for different products is separate as per the risk profile of the customers. The APR for different personal loan products: low risk customers is 0%-36%, medium risk customers is 18%-39%, high risk customers is 24%-42%* and very high-risk customers is 24%-70%*.

In addition to it, GST will be applicable only on the fee components as per Indian laws.

*The higher charges are only for loans of lower amount and lower repayment tenure.

Example

A new low risk customer availing personal loan for salaried can avail a loan of ₹50,000 at an interest rate of 22%, processing fee of ₹1,250 for a period of 12 months and onboarding fees of ₹350. This would translate to an APR 25.2%.

Interest Calculation

If loan amount is ₹50,000 & interest is 22% per annum; and loan is to be repaid over 12 EMIs, then overall interest payable is ₹6,157 only. The EMI per month would be ₹4,680 only.

Contact Us

2. Mail: [email protected]
3. Call: +91-8130535610 Time 10.00 A.M to 6.30 P.M

Company CIN - U67100UP2020PTC131190
Company Name - SUDHA MICRO FINANCE PRIVATE LIMITED
Directors/Signatory Details
Name - SANDIP VERMA DIN/PAN - 08337721
Name - PAVITRA DIXIT DIN/PAN - 08552193

Address

MB-10 Sector-12 Pratap Vihar Ghaziabad Ghaziabad UP 201001 IN