Why Business Loan?

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  • Flexible product structure
    1. Working capital term loan,
    2. Purchase/ Sales Invoice Financings
  • Secured against the machine and other collateral like an insurance policy, FD, Property, current assets, etc.


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

Documents Required for Loan

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

* Rent agreement to be provided along with electricity bill if business premises is rented premises

Frequently Asked Questions (FAQs) for Loan

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.

The interest rate for business loans from Svakarma Finance is competitive and may vary based on multiple factors, including the borrower's creditworthiness, loan amount, and tenure.

Svakarma Finance offers flexible repayment tenures for business loans, ranging from 12 to 36 months, depending on the borrower's requirements and eligibility.

The documents required to apply for a business loan from Svakarma Finance may include proof of identity, proof of address, bank statements, business financials, and other relevant documents as per the loan requirements.

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.

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