Frequently Asked Questions

Working Capital Term Loan, We offer risk-based interest rates to the customer.

  • Minimum Business Vintage of 2 Years.
  • Applicant and co-applicant age between 21 years and 58 years.
  • Sales Turnover of Rs 15 Lakhs and not more than Rs 400 Lakhs per year.
  • MSME Business firms should be sole proprietorships, partnerships, or private limited companies.
  • Co-applicant is mandatory.

Bank Statement

Bank statement of the enterprise and Proprietors / Partners

Bank Statement

Udayam Registration Certificate

Bank Statement

Shops & Establishment Registration

Bank Statement

Electricity Bill of the Business*

Bank Statement

Income Tax Return

Bank Statement

Pan Card and Aadhar Card of the Proprietors / Partners

Bank Statement

GST Returns

Bank Statement

Proforma Invoice for Machinery

Once all documents are submitted with the loan application form, we will evaluate the loan request and do our assessment and then do the loan disbursement. This normally takes up to 7 days

Rs 25 lakhs

Most loans are eligible for 12 months to 36 months and some loans can also attract a tenor of 48 months.

Yes , we do need a collateral for the loan.

The loan can be Secured against machine / equipment being purchased and other collateral like insurance policy, FD, Property, current assets etc

It is important to keep your credit score above 725 to easily avail of our loans

Customers can generate the request on the website or visit the nearest Svakarma branch.

The primary mode of repayment is NACH. However, we have also integrated other modes for any ad-hoc payments such as UPI, fund transfer, NEFT etc.

3 % of the principal amount (exclusive of applicable GST).

Yes , top up loans are allowed , based on timely repayments and after completing 12/ 18 months from the earlier loan