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
| Loan Product | Repayment Frequency | Rate of Interest (Jul '23 - Sep '23) |
Fees & Charges | |||||
|---|---|---|---|---|---|---|---|---|
| Product Name | Loan Amount | Loan Tenure | Min. | Avg. | Max. | Processing Fee | Other Charges | |
| Income Generation Loan | Upto ₹90,000 | 1 year to 3 Years | Weekly / Bi-Weekly / Monthly | 23.00 | 23.52 | 24.00 | 1.5% (plus GST as applicable) |
Insurance Fees as Applicable |
| Mid Term Loan | Upto ₹25,000 | 1.5 Years | Weekly / Bi-Weekly / Monthly | 24.00 | 24.00 | 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 | 24.00 | 24.00 | 2% (plus GST as applicable) |
Insurance Fees as Applicable |
* Applicable from 1st April 2023
*Svamaan Financial Services Pvt. Ltd has tied up with HDFC Life and Kotak Life for providing of life cover to our borrower and co-borrower under the credit life insurance scheme
Micro-Entrepreneur loans are focused on driving financial inclusion for small businesses across India
Coming Soon
