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info@swastikfinance.in

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SCO 3 Mohali City Center, Block F Airport road, Aerocity Mohali Punjab 140603




Welcome to Swastik Finance, where we believe in empowering small businesses to reach new heights. Introducing Saral Loan, an innovative, unsecured financial solution designed for self-employed non-professionals (SENP), proprietors, and individuals. Our Saral Loan is crafted to meet the essential working capital needs of small businesses in the Trading, Manufacturing, Services, and Livestock sectors.


Key Features of Saral Loan

  • Unsecured Loan: No collateral required, making it easier for small businesses to access funds.
  • Target Audience: Tailored for self-employed non-professionals (SENP), proprietors, and individuals.
  • Sector Focus: Ideal for businesses in Trading, Manufacturing, Services, and Livestock sectors.
  • Purpose: Designed to provide crucial working capital to support and expand small businesses.

    • Benefits of Choosing Saral Loan

  • Empowering MSMEs: By offering essential financial support, Saral Loan helps small businesses grow and contribute to economic development.
  • Enhanced Cash Flow: Enables businesses to manage daily expenses and invest in growth opportunities.
  • Easy Accessibility: With no collateral requirement, Saral Loan is within reach for many small businesses.
    • CLASSIFICATION DOCUMATION TICKET SIZE ANNUAL INCOME
    Informal MSME
  • Aadhaar Card
  • Udyam Assist
  • Bank Account
    		•  ₹ 30,000 – 1 Lac ₹ 3Lac - 4 Lakh
    Microfinance Aadhaar Card 10,000 – 60,000 < ₹ 3 Lakh

    Benefits to Swastik :- Benefits to Swastik:- MSME PSL Classification, Formalization of sector, increased funding potential from Banks / NBFCs.



    Product Details for SWASTIK SARAL LOAN (SSL)


    Target Segment

  • Focus: Missing middle segment without access to formal financial credit.
  • Objective: Provide simple, straightforward financial products aimed at micro-enterprises.
  • Service: Deliver affordable financial services at the borrower's doorstep.

    • Caution Profile

  • Borrower's occupation should not be listed in the Negative Profile List (refer to Annexure).

    • Loan Details

  • Loan Amount: INR 20,000 to 40,000 (Maximum Cap for NTC: INR 25,000)
  • Loan Tenure: 52 weeks

    • Criteria

  • Gender: Female/Male
  • Applicant Age: 18 to 58 years
  • Co-Applicant Age: 18 to 58 years

    • Loan Purpose

  • Intended for business or income-generating activities, purchase of assets or inventory, and asset creation.
  • Not for speculative purposes.



    • 3.1 KYC (Know Your Customer)

    Applicant KYC

    I. Primary ID: - (Mandatory)

  • Aadhar Card

    • II. Secondary KYC

  • Voter Card or Pan Card.

    • III. Address cum ownership Proof (Anyone)

  • Digital Ration Card.
  • Electricity Bill/ Water Bill/ House Tax receipt. (Upto 3 Month Old).


    • Co-Applicant KYC

    I. Primary ID: - (Mandatory)

  • Aadhar Card

    • II. Secondary KYC

  • Voter Card or Pan Card.


    • KYC Guidelines

  • Photocopies of all the documents to be collected after taking customer signature and physically verifying with the originals (Aadhaar details should be masked properly front and back side).
  • Photocopies of documents must capture a clear image of KYC (front and backside) and Customer credentials(Name, KYC No,Addressetc.)
  • BM has to sign on each photocopy of the document by writing OSV (Original Seen andVerified).He/ shealso should write his/her name and EMP ID onthesame.