| Machinery & Asset Purchase Loan Highlights | |
|---|---|
| Interest Rate | 24 to 30 % (on a reducing principal balance basis) |
| Loan Amount | 5 lakhs to Rs 25 lakhs (Based on the risk profile of the Borrower at the time of sanction) |
| Tenor | 1 year to 5 years |
| Processing Fee | 2.5% |
| 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
Proforma Invoice for Machinery
* Rent agreement to be provided along with electricity bill if business premises is rented premises
Type of financing that allows a business to purchase new or used equipment, machinery, or other assets.
Kindly note that you do not have to pay any money to any Svakarma officers or other agents to have your loan processed. Subject to sanction, we charge the following fees:
