S V Creditline Private Limited (SVCL) offers credit facility for income generation activities. The target customer base are the people who are unable to avail credit facility from the existing banking system on account of lack of access or collateral security. The products are simple in design so that our customers find it easy to comprehend.

The field operation team works with a motto “Access, Affinity and Convenience”.

Currently SVCL offers loans based on Joint Liability Group model, starting from Rs. 10,000/- to Rs. 35,000/-. The product detail is as under :-

S.No. Features SVCL Product Details
1 Product Name Unnati Pragati Samriddhi
2 Loan Amount Rs.10,000/- To Rs.15,000/- Rs.16,000/- To Rs.26,000/- Rs.27,000/- To Rs.35,000/-
3 Loan Tenure 1 Year (46 Weeks) 2 Year (104 Weeks) 2 Year (104 Weeks)
4 Repayment Option Weekly / Fortnightly / Monthly
5 Rate of Interest 23.7% (Reducing Balance)
6 Loan Processing Fee 1% of Loan Amount + GST
7 Moratorium 2 Weeks
8 Security Deposite Nil
9 Foreclosure Charges Nil
10 Penalty for delay in Repayment Nil
11 Insurance Premium Actual As per Insurance Provider
12 Insurance Tenure 1 - 3 Years (As per tenure)
13 Insurance Coverage Client and Spouse / Guarantor


Note: : To provide a financial cushion to borrower’s family and to avoid any sudden financial trouble, each borrower and their spouse/ guarantor are being insured through Insurance Companies by SVCL at an appropriate premium which is collected from the insured members and passed on to the Insurance Company.

This Service ensures that on the death of insured borrower or spouse/ guarantor, loan outstanding will be waived off and the nominee gets the sum assured amount. Insurance Claims are settled as per guidelines of Insurance Regulatory & Development Authority of India, 1999 (IRDA).


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