Our Work

OFFER FINANCIAL STIMULUS THROUGH MICRO-LOANS

We encourage entrepreneurship by extending differential banking solutions in order to enable our clients to make investments for growth in business. This is implemented by the means of an accessible credit at affordable rates. These micro-loans are meted out to the customers individually, who are organised in groups of 5-12 people with each member of the group providing credit guarantee for the other members.

We render financial literacy to educate our clients about the basics of budget management and explain complex banking procedures.

In addition to imparting financial literacy, we work towards financial inclusion by adopting to a 100% monthly cashless disbursement system. We assist clients in opening bank accounts and disburse loans directly in order to ensure that these accounts are utilised. This way, not only do our clients gain more confidence in banking activities, but are also able to benefit from earning an interest on their savings.

Our Products

Our Product offering is tailored to suit client needs which is delivered to them in the most efficient manner through innovative processes. Currently, we offer the following products.

Product Loan amount Tenure Rate of interest Loan Processing Fee
Income Generation Loans 9,616 – 34,697/- 12 months – 24 months 1.90% per month / 22.75% p.a. (Reducing Balance) 1% on Loan Amount
Plus Service Tax as applicable
Home Improvement Loan 19,778 /- 38,552/- 12 months – 24 months 1.90% per month / 22.75% p.a. (Reducing Balance) 1% on Loan Amount
Plus Service Tax as applicable
Interim Loan 5,342/- to 15,421/- 12 months – 24 months 1.90% per month / 22.75% p.a. (Reducing Balance) 1% on Loan Amount
Plus Service Tax as applicable
Renewable Energy Loan 2,195/- 6 months 1.90% per month / 22.75% p.a. (Reducing Balance) 1% on Loan Amount
Plus Service Tax as applicable
Insurance Products Life Insurance Medi-Claim
Currently Svatantra Microfin Private Ltd. has tied-up with Bajaj Allianz Life and HDFC Life
Insurance Company Limited to cover its customer and their spouses under group term life Insurance.
Offer affordable mediclam in collaboration with Religare Health Insurance. Under the claim the client and family members are provided with cashless in-patient treatment at network hospitals. The mediclaim protects the client from high indebtness due to sudden hospitalization.
-Mediclaim is optional (Voluntary) as per the request of the client.
-For all the loans amounting to more than Rs. 25,000/- the tenure is 24 months.
Swipe Table

Loan Disbursement Process

Enable Entrepreneurship

We encourage our customers to expand their existing business or even start a new business. Our loans are designed to meet a variety of needs such as fulfilling their working capital requirements, making capital expenditure and even providing start-up capital for new businesses.

LEVERAGE INNOVATION SUPPORTED BY TECHNOLOGY

We calibrate innovation and technological advancements across all levels in order to integrate, optimise and differentiate core business processes as well as to distinguish product lines.