Samridhi Loan

Name: Samridhi Loan
Brand: Svakarma Finance
Rating: 5 (5 reviews)

Leverage your GST returns to secure business loans to expand your business. Svakarma GST loans will help you meet your working capital needs to grow your business. These loans can also be used towards the purchase of machinery and assets to increase your capacity.

Apply Now

Samridhi Loan

Apply Now

Why Svakarma Samridhi Loan?

Our GST return Loan is a simplified and straight through process(STP) loan product designed specifically for business owners. Use your GST returns as the primary indicator of your business's financial health.

Business loans are designed for your unique needs.
Flexible Collateral options such as insurance policies, fixed deposits, properties, and business assets including plant and machinery
Long-term financial stability with our extended tenors
Direct payments to machine and equipment vendors

Details

Samridhi Loan Highlights
Interest Rate	24 to 30 % (on a reducing principal balance basis)
Loan Amount	Rs 5 lakhs to Rs 25 lakhs
Tenor	1 year to 5 years
Processing Fee	2.5%
Machine Valuation	Charges as Applicable
Login Fees	Where Applicable

Documents Required for Loan

Bank statement of the Enterprise and Proprietors / Partners

Udayam Registration Certificate

Shops & Establishment Registration

Electricity Bill of the Business*

Income Tax Return

Pan Card and Aadhar Card of the Proprietors / Partners

GST Returns

* Rent agreement to be provided along with electricity bill if business premises is rented premises

Frequently Asked Questions (FAQs) for Loan

A Samridhi loan is a type of loan that is based on the GST returns of a small business. Instead of traditional credit scores or financial statements, the loan amount is determined by the GST returns of the business.

Business owners who are registered for GST and have filed their GST returns regularly are eligible for a GST return-based loan.

In addition to the business and proprietor / partner KYC documents and bank statements, you will need to submit your GST returns for the last 12 months.

We are very flexible in our collateral requirements. The collaterals we accept are insurance policies, fixed deposits, open plot of NA land, self occupied residential property and current assets.

Yes, you can use your GST return based loan amount to meet your business needs for both working capital as well as asset / machinery purchase.