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The APR (Annual Percentage Rate) of a personal loan or business loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan or business loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans or business loan usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan or business loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan or business loan will be Rs 1,52,317 and its APR will be 11.16%.

About SS INFOTECH

SS INFOTECH

SS INFOTECH is launched on April 5, 2023 for providing loans to the small business, non-corporate, micro enterprises. These loans are given by Commercial Banks, Small Finance Banks and NBFCs. We provides best option to borrower as per their cibil report and profile. One can make stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth. We also serves low and middle income individuals and micro and small businesses that have limited or no access to formal banking and finance channels.

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Explore Our Services

BUSINESS LOAN

A business loan is similar to a personal loan, but is specifically designed for business use.

HOME LOAN

Home is a place where every individual want to arrive. To own a home is a dream which is common to all of us.

Personal LOAN

A personal loan can be a great way to build credit or as a short-term solution to a specific financial need.

EDUCATION LOAN

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HOME LOAN FOR NRI

To be a proud owner of a home is a dream for most of us. The diverse home loan schemes available through various sources.

LOAN AGAINST PROPERTY

LOAN AGAINST PROPERTY

How We Work

How we profit:

Our services are offered at zero cost to users. You can apply for a loan with us without incurring any application or hidden fees. Instead, we shift the charge to lenders and potential lenders interested in reviewing your information through our site.

We are not a lender:

We are not a lender and does not broker loans to lenders or make decisions regarding loans or credit. It is not an agent, representative, or broker of any lender and does not endorse any lender or charge you for any service or product. This website does not constitute an offer or solicitation to lend. This site allows you to submit the information you provide to a lender. We exercise no control over our network's lenders or lending partners and are not responsible for any of their actions. We are not their agents or representatives. The loan request you submitted on our website is not a loan application.

Loan offers:

We analyses your loan application to find the best offer for you from our network of lenders. However, despite our large network, We do not have access to all lenders or loan products. Therefore, the offer you receive on our website might not always be the best option for you. Hence, you should make an informed decision after considering all offers from different platforms to make the best decision for your unique situation.

Illustrative example:

If you borrow ₹5,000 over a 48-month period with an arrangement fee of 8% (₹400), your monthly repayments will be ₹131.67, with a total repayment amount of ₹6,320.12, which including the 8% arrangement fee would amount to a cost of ₹1,720.12. This is representative of 18.23% APR.

APR & Interest rates:

The APR can range from 5.99% to 35.99%. We have no control over the actual APR offered to you by the lenders. The APR offered to you is dependent on various factors like loan amount, tenure, credit score, and interest rate. The minimum tenure for a loan is 61 days.

Availability of services:

While We have an extensive network of lenders, not all of them may offer their services at your location. Depending on their internal policies, different lenders choose not to extend services to various locations.

Credit score:

Credit scores are used by lenders to assess your ability to manage finances and repay debt. Your credit score is calculated by credit bureaus like CIBIL by taking factors like income, debt, and credit history into account. The loan options and interest rates offered to you by lenders might be dependent on your credit score.

Loan guarantee:

The completion of a loan application on our website does not guarantee loan approval. The lenders assess your application to determine loan eligibility and the amount that you are eligible for. While we strives to process loan applications within 24 hours, funds might take longer to get transferred in some instances. All information provided on this site must be taken as opinion, and users should perform due diligence and research before making financial decisions.

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Personal loan / Business Loan interest rates and applicable charges


Type of fee
Applicable charges
Rate of interest
8% to 35% p.a.
Processing fees
Up to 3.93% of the loan amount (inclusive of applicable taxes).
Flexi Fee
Term Loan – Not applicable

Flexi variant - A fee will be deducted upfront from the loan amount (as applicable below)

  • Up to Rs. 1,999/- for loan amount less than Rs. 2,00,000
  • Up to Rs. 3,999/- for loan amount from Rs. 2,00,000 to Rs. 3,99,999
  • Up to Rs. 5,999/- for loan amount from Rs. 4,00,000 to Rs. 5,99,999
  • Up to Rs. 7,999/- for loan amount from Rs. 6,00,000 to Rs. 9,99,999
  • Up to Rs. 8,999/- for loan amount from Rs. 10,00,000 to Rs. 14,99,999
  • Up to Rs. 9,999/- for loan amount from Rs. 15,00,000 to Rs. 19,99,999
  • Up to Rs. 10,999/- for loan amount from Rs. 20,00,000 to Rs. 24,99,999
  • Up to Rs. 11,999/- for loan amount from Rs. 25,00,000 to Rs. 29,99,999
  • Up to Rs. 12,999/- for loan amount of Rs. 30,00,000 and above

*All the Flexi charges above are inclusive of applicable taxes

*Loan amount includes approved loan amount, insurance premium, and VAS charges.

Bounce charges
In case of default of repayment instrument, Rs. 700 - Rs. 1,200 per bounce will be levied.
Pre-payment charges

Full Prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) on the outstanding loan amount as on the date of full prepayment.
  • Flexi Term Loan (Flexi Dropline): Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as on the date of full prepayment.
  • Flexi Hybrid Loan: Up to 4.72% (inclusive of applicable taxes) of the total withdrawable amount as per the repayment schedule as of the date of full prepayment.

Part-prepayment

  • Term Loan: Up to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.
  • Not Applicable for Flexi Term Loan (Flexi Dropline) and Flexi Hybrid.
Penal Interest

Any delay in payment of monthly instalment shall attract penal interest at the rate of 3.50% per month on the monthly instalment outstanding, from the respective due date until the date of receipt of the monthly instalment.

Stamp duty
Payable as per state laws and deducted upfront from loan amount.
Mandate registration charges
Re. 1 (inclusive of applicable taxes) applicable in case of UPI mandate registration.
Mandate rejection charges

Rs. 450 per month from the first month of the due date for the mandate rejected by customer’s bank until the registration of new mandate.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term Loan (Flexi Dropline): Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount (as per the repayment schedule) on the date of levy of such charges.

Flexi Hybrid Loan: Up to 0.295% (inclusive of applicable taxes) of the total withdrawable amount during the initial tenure. Up to 0.295% (inclusive of applicable taxes) of total withdrawable amount during subsequent tenure.

Broken Period Interest/ Pre-EMI Interest

Broken period interest/ Pre-EMI interest shall mean the amount of interest on Loan for the number of day(s) which is(are) charged in two scenarios:

Scenario 1 – More than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, broken period interest is recovered by the following methods:

  • For Term Loan: Deducted from the loan disbursement
  • For Flexi Term Loan: Added to the first instalment
  • For Flexi Hybrid Loan: Added to the first instalment

Scenario 2 – Less than 30 days from the date of loan disbursal till the first EMI is charged:

In this scenario, interest is charged only for the actual number of days since the loan was disbursed.

Switch fee
Up to 1.18% of the loan amount (inclusive of applicable taxes).
Switch fee is applicable only in case of switch of loan. In switch cases, processing fees will not be applicable.
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Client's Feedback

Rishab Dua
Delhi

Every time I have applied for a loan at SS INFOTECH I have been given the highest level of Customer Service. The friendly attitude of staff that I have dealt with has been above and beyond of what you would get from any institution. Thank you SS INFOTECH for all of the help you have given myself and my wife over the years.

Vishal
Lucknow

We are now on our 5th loan with SS INFOTECH. I love the fact the application process is simple and easy and before you know it, you’re at home enjoying your goods. Each contract has been hassle free and the customer service is 100%. We always scout through stores to see who uses SS INFOTECH as we wouldn't look elsewhere. Cheers SS INFOTECH.

Disclaimer: SS INFOTECH is a loan aggregator and is authorized to provide services on behalf of its partners

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