Overview
AML understands that managing financial health is one of the most important needs of a Business . An enterprise requires funds to manage it’s working capital requirement as well as addition / replacement of capital assets. Asirvad Micro Finance Limited provides loans to Micro-Small and Medium Enterprises in the Manufacturing, Service, Trading and Agri-Allied activities to meet the above requirement.
Product Features
- Secured Business Loans up to Rs 15 lacs
- Tenor – Maximum 7 years
- Repayment in Equated Monthly Instalments (EMI)
- Collateral Security by way of Mortgage of Immoveable Property
Purpose of Loan:
End use of the loan to be income generating in nature
Indictive Interest Rate:
Between 23% to 25%
Indicative List of documents
- Proof of Address & Proof of Identity
- Proof of Banking History
- Proof of Business Continuity
- Documents for the property being offered as collateral for the facility
Note: the above list of documents is only indicative in nature and additional documents may be required on a case-to-case basis for credit assessment
