Products & Services

S V Creditline offers micro-credit facility for income generation activities to its target customer base who are unable to avail credit facilities on account of lack of collateral from the existing banking structure. The products are designed for simplicity so that our customers find it easy to comprehend and utilize. The field operations team is relationship focused with the motto of “ Access, Affinity and Convenience”.

Currently SVCL offers four loan schemes based on Joint Liability Group model, starting from ` 8,000/- to ` 14,000/-. These are given below in tabular form.

LOAN PRODUCT Summery

Sl No.	Features	Loan Product Detail
1	Loan Amount ( INR)	8,000	10,000	12,000	14,000
2	EWI ( INR)	200	250	300	350
3	Grace Period ( First Week)	One	One	One	One
4	No of instalments ( In weeks)	45	45	45	45
5	Loan Tenure ( In weeks)	46	46	46	46
6	EIR	26%	26%	26%	26%
7	Loan Processing Fee with Service Tax	88	110	132	154
8	Security Deposit	Nil	Nil	Nil	Nil
9	ASD/ALR	Nil	Nil	Nil	Nil
10	Partial Payment	Not Allowed
11	ForeClosure Charges	Nil	Nil	Nil	Nil

Note: Loan processing Fee & Loan Insurance Cover Fee have to be paid in cash by member at the time of Loan disbursement and will not be deducted from the disbursed loan