PRODUCTS & SERVICES :
SFS offers financial products and services to its clients. The major focus of the company is on Small and Micro Enterprises Loans.
Name of the Products | Purpose | Loan Amount | Rate of Interest | Tenure |
Sampark Shakti | Micro Enterprise | 20,000 - 50,000 | 26% | 12 to 24 months |
Sampark Awas | House Repair | 20,000 - 1,00,000 | 15% | 12 to 36 months |
Sampark Dakshyata | Skill linked Enterprises | 5,000 - 20,000 | 24% | 12 months |
Sampark Sikshya | Education | 30,000 - 1,00,000 | 24% | 12 to 24 months |
DESCRIPTION | Loan for the Underserved women to make them Financially & Socially Independent |
LENDING METHOD | JLG/Individual |
LOAN AMOUNT | Individuals : INR 30000 to 50000 |
LOAN TERM | 12 months to 36 months |
SECURITY | No Collateral |
RATE OF INTEREST | 15-26% |
PROCESSING FEES | 1% |
MORATORIUM PERIOD | 1 month. 2 months in case of Sampark Awas |
INSURANCE PREMIUM | As per Table 1 |
REPAYMENT FREQUENCY | Monthly |
MODE OF DISBURSEMENT | Cashless |
MODE OF REPAYMENT |
Table1
Tenure | Premium per INR 1000/- (Loanee) | Premium per INR 1000/- (Nominee) |
12 months | INR 4.845 | INR 4.845 |
18 months | INR 9.677 | INR 9.677 |
24 months | INR 9.677 | INR 9.677 |
BC WITH ARTHAN FINANCE
Particulars |
Description |
Name of the Product |
Pragati Loan |
Loan Amount Offered |
30,000 – 1,00,000 |
Loan Tenure |
12 months – 24 months |
Age Criteria |
21 – 60 years |
Target Customers |
Micro, Small & Medium sized small shops, retail stores, small manufacturing units, dealers, traders, and service providers engaged in various industries |
Legal Constitution (Main Borrower) |
Individuals & Proprietorship |
Insurance Coverage |
Entire loan amount to be covered with tenure |
Security |
No Collateral |
Repayment Frequency |
Monthly |
Mode of Disbursement |
Cashless |
Mode of Repayment |
Cashless |
BC WITH DCB BANK
Particulars |
Description |
Name of the product |
Sampark - DCB |
Lending Method |
JLG |
Target Members |
Women members having potential business or Agri allied activities |
Age limit |
20 to 58 years |
Group composition |
4 to 20 member |
Loan Amount |
10 to 50000 (multiple with 1000) |
Tenure |
12 months to 24 months |
ROI |
26% reducing |
Loan Processing Fee |
1% |
Security |
Group as Guarantor |
Repayment Frequency |
Monthly |
Moratorium |
Min 30 days |
Mode of Disbursement |
Cashless |
Mode of Repayment |
Cash/Cashless |