Product
Our Products for Rural Women Entrepreneurs
Our Product offering is tailored to suit customer 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 | ||
|---|---|---|---|---|---|---|
| Microfinance Loans |
5,369 – 100000 |
12 months – 30 months |
Min. 22.30%, Max. 24.00%, (Average rate of interest in Q3 FY25 - 23.25%) |
0.75% to 1.50% Plus GST as applicable |
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| MSME Loans |
100000 – 300000 |
24 months – 36 months |
23% | 2% Plus GST as applicable
Up to Rs.1 Lakh – Rs.1,500/- Above Rs.1 Lakh – Rs.3,000/- Plus GST as applicable |
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| Insurance | Life Insurance | |||||
| Credit Linked Insurance is a life insurance offered by Svatantra to women customers and her spouse to provide relief to her family in case of death of the insured person. | Telemedicine – Svatantra offers unlimited tele consultation service to all its customers and their dependents by specialist doctors in local languages in an assisted model. With this service customers can effectively save time, money, and receive medical consultation on call from the best of the specialists from the comforts of their home. | |||||
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ROI is a function of risk profile of the customers and will be reviewed periodically. All the products above Rs.25000 have tenure ranging from 24 to 30 months. Apart from credit life insurance all other insurance products are optional (consent based) |
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Client Selection & Approach For Gradation Of Risk: The decision to give a loan is assessed on a case-to-case basis, based on multiple parameters such as a borrower profile and repayment capacity, borrower’s other financial commitments, past repayment track record if any, tenure of the loan, occupation and stability of income, geography (location) of the borrower, end-use of the loan, etc. Such information is collected based on a borrower’s input and field inspection by the company officials. |
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