MSME

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 Microfinance 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