Satin Finserv Limited

Satin Finserv Limited is a subsidiary of Satin Creditcare Network Limited, a leading NBFC-MFI in India. SFL aim is to “serve the small business owners (MSMEs) in a manner that is mutually beneficial” by providing them loans for their business needs. SFL will have specific focus on small business owners in manufacturing, trading and services posting an annual turnover of less than Rs. 200 lakhs. SFL has adopted a unique credit underwriting and assessment model to understand the income source and derive eligibility of the potential customers. The customised processes are designed to deliver speed, flexibility and simplicity to the customers, while ensuring adequate control.

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msme

SFL’s product offerings include MSME – LAP. Loans in the range of Rs. 2 lakh to Rs. 15 lakhs are offered to customers falling under the category defined and against an “immovable property”. Eligibility is measured across multiple parameters, with loan amount depending on the type, quality and market value of the collateral security a customer is able to offer. SFL considers a wide range of properties for this purpose and the customers can repay the loan in easy equated monthly instalments over a chosen period of time. Non-individuals, self-employed non-professionals / professionals, businesses (registered or otherwise), lower and middle income groups are the key SFL target.

SFL is reaching out to customers in Category A, B & C cities, which are District places, and the surrounding areas covering Gram Panchayats closer to the District boundaries.

MSME Business Loan

Product Customer Profile Loan Size Loan Tenure ROI(On Reducing basis)
Satin Money Loan offered to merchants, retailer, wholesaler, manufacturing, service providers, salaried, self-employed professional and Agri business. INR 2 - 15 Lacs Max 7 Years 20 - 27
Tatkal Loan offered to Self Employed Professional, Self-employed Individual / Non Individual Entities (Business Enterprise) INR 2 - 7 Lacs Max 4 Years 20-27
Samruddhi Loan Loan offered to female borrowers in trading, manufacturing & service sector for business or personal use. INR 2 - 5 Lacs Max 4 Years 20-27

Wholesale Lending

Product Customer Profile Loan Size Loan Tenure ROI(On Reducing basis)
Micro Financial Institution Loan offered to Micro Financial Institution INR 1 - 10 Cr Max 3 Years 15 - 18%