| Business Loan Highlights | |
|---|---|
| Interest Rate | 24 to 30 % (on a reducing principal balance basis) |
| Loan Amount | Rs 2 lakhs to Rs 25 lakhs |
| Tenor | 1 year to 3 years |
| Processing Fee | up to 3 % |
| Machine Valuation | Charges as Applicable |
| Login Fees | Where Applicable |
Bank statement of the enterprise and Proprietors / Partners
Udayam Registration Certificate
Shops & Establishment Registration
Electricity Bill of the Business*
Income Tax Return
Pan Card and Aadhar Card of the Proprietors / Partners
GST Returns
* Rent agreement to be provided along with electricity bill if business premises is rented premises
Svakarma Finance offers business loans to MSME entrepreneurs and business owners in India to meet their financial needs and grow their businesses..
Svakarma Finance offers business loans ranging from INR 2 lakh to INR 25 lakhs, depending on the borrower's eligibility and requirements.
Svakarma Finance offers flexible repayment tenures for business loans, ranging from 12 to 36 months, depending on the borrower's requirements and eligibility.
The processing time for a business loan from Svakarma Finance may vary, but typically it takes around 2-7 business days, subject to the submission of all necessary documents and completion of the verification process.
Yes, Svakarma Finance allows prepayment or foreclosure of business loans, subject to applicable terms and conditions.
