Loan amount
₹ 1 lakh to ₹ 3 lakh
Tenure
24 to 36 Months
Rate of interest (p.a)
22.75% to 24.00%
Approach for gradation of Risk:
The decision to give a loan is assessed on a case to case basis, based on multiple parameters such as borrower profile and repayment capacity, borrower’s other financial commitments, past repayment track record if any, tenure of the loan, occupation and stability of income, geography (location) of the borrower, end-use of the loan, etc. Such information is collected based on borrower inputs and field inspection by the company officials.
Scale small businesses to robust MSMEs
We tailor our Individual Loans to build entrepreneurs who fuel the Indian economy, enabling aspiring individuals, especially rural women to invest in their economic growth. With easy access to micro-credit at one of the lowest interest rates in the Country, we provide timely support to address the evolving business needs. From starting a venture or expanding a rural based business, our Individual Loans can help maximise success and achievements throughout an individual's entrepreneurial journey.
Key features powering our entrepreneurs and our economy
01
We provide one of the lowest interest rates in India.
02
Services that enable rural and semi-urban women to become agents of change within their communities.
03
Customised solutions for entrepreneurs to achieve business goals and drive economic growth.
04
A financial ecosystem that ensures every individual experiences a self-reliant future.
A quick guide to our loan fact sheet
| Products | Loan amount | Tenure | Repayment option | Rate of interest (p.a) | Loan processing fee | Prepayment charges |
|---|---|---|---|---|---|---|
| Microfinance loans | ₹ 5,000 to ₹ 1 lakh | 12 to 30 Months | Monthly | 22.30% to 24.00%* | 1.50% (+GST) | Nil |
| Individual Loans | ₹ 1 lakh to ₹ 3 lakh | 24 to 36 Months | Monthly | 22.75% to 24.00% | 1.50% (+GST) | Nil |
| Insurance | Svatantra offers Credit Linked Insurance, a life insurance tailored to provide financial support to our women customers and their spouses. It ensures the family remains economically independent, especially in case of death of the insured person. | |||||
Penal charges - Nil
Take the six steps to economic self-sufficiency
Identification
Identify customers, especially rural women who benefit from loans through detailed surveys.
Training
Conduct workshops on financial literacy to help prospective customers develop money management skills.
Disbursement
Transfer money to bank accounts of the shortlisted customers who are starting a business or expanding existing ventures.
Formation
The field officers create groups of 5-12 people, primarily of women customers.
Group Appraisal
Implement a detailed application process to shortlist potential customers.
Repayment/Collection
Offer timely guidance and collection of the monthly loan instalments.
Blogs & insights
Svatantra Microfin
14 June 2024
Malati's Tea Stall - A Blend for Business Excellence
Svatantra Microfin
21 October 2023
Small Grocery Stores and Shops:The Heart of Rural India's Economic and Social Fabric
Svatantra Microfin
24 March 2023
Role of rural women in Indian agricultural businesses
Svatantra Microfin
31 January 2023
Rural women and their contribution to dairy and animal husbandry in India
Vineet Chattree
29 March 2022
Innovative Culture in Organizations | Svatantra Microfin
Umang Shah
29 July 2021
Reimagining the traditional microfinance space
Vineet Chattree
24 June 2021
Svatantra Microfin Private Limited – Highlights FY21
Svatantra Microfin
19 November 2020
Food, Cloth, Shelter, and Healthcare
Vineet Chattree
07 September 2020
Leadership - a constant learning curve
Svatantra Microfin
09 May 2020
Celebrating Supermoms of Svatantra
Ananya Birla
02 January 2020
Empowering Rural Womenpreneurs
Vineet Chattree
26 November 2020
Change Management - Few imperatives
Connect with us
Have questions or need support? We‘re here to guide and assist you.