Products

Income Generation Loan (IGL)

Svamaan's Income Generation Loan (IGL) is geared towards supporting income enhancement and business development activities of our customers including providing support for working capital requirements

The below interest rates are applicable from 18/01/2024

Loan Product Repayment Frequency Rate of Interest (%) Fees & Charges
Microfinance Loan – Product Name Loan Amount Loan Tenure Min. Max. Average in the last Quarter Average Processing Fee (% of loan) Other Charges
Income Generation Loan Upto ₹90,000 1 year to 3 Years Weekly / Bi-Weekly / Monthly 23.00 24.50 23.39 1.5%
(plus GST as applicable)
Insurance Fees as Applicable
Mid Term Loan Upto ₹30,000 1.5 Years Weekly / Bi-Weekly / Monthly 24.00 24.50 24.00 2%
(plus GST as applicable)
Insurance Fees as Applicable
Consumer Durable Upto ₹25,000 1 year to 1.5 Years Weekly / Bi-Weekly / Monthly 24.00 24.50 24.00 2%
(plus GST as applicable)
Insurance Fees as Applicable
Loan Product Repayment Frequency Rate of Interest (%) Fees & Charges
All Microfinance Loan Loan Amount Loan Tenure Min. Max. Average in the last Quarter Average Processing Fee (% of loan) Other Charges
Upto ₹90,000 1 year to 3 Years Weekly / Bi-Weekly / Monthly 23.00 24.50 23.44 1.54% (plus GST as applicable) Insurance Fees as Applicable

The calculation of Interest Rate is based on the revised guidelines of RBI/DOR/2021-22/89 DoR.FIN.REC.95/03.10.038/2021-22 dated March 14,2022 on the regulatory framework of microfinance loans.

Micro-SME Loan

Micro-Entrepreneur loans are focused on driving financial inclusion for small businesses across India

Coming Soon