SBI Approved Loans

Save Solutions caters to the finance needs of small businesses in the MSME sector. Keeping in mind the requirements of the sector, Save Solutions has designed loan products to meet the following purposes of the segment. The  loan amount would depend on the requirement of the enterprises, for a normal tenure of 5 years. Save Solutions could consider extending higher loan amount and longer tenure for the customers after assessing the nature of the business and the requirement.

Loans Offered By Us

MUDRA LOAN

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.

 

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. 'Shishu', 'Kishore' and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

  1. Shishu: covering loans up to ₹50,000
  2. Kishore: covering loans above ₹50,000 and up to ₹5,00,000
  3. Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

 

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

 

AGRICULTURE LOAN

Agricultural loans are any loans that are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci-culture or purchase of land or agricultural tools. While seasonal agricultural operations routine activities like include preparing and ploughing land for sowing, weeding, and transplantation where necessary, buying inputs such as fertilizers, seeds, insecticides etc. and engaging labour for cultivating and harvesting the crops.

In addition purchasing of land, or purchasing of agricultural tools, storage of produce and transport also are included under purview of agricultural loans. We offer agriculture loans upto Rs 50,000

ASSET BASED MICRO CREDIT

Businesses usually take out loans to meet various cash flow needs, for example, meeting payroll or building inventory. When a company cannot show that it can pay for a loan through its cash flows, the lender may decide to approve the loan based on the value of the entity’s assets. This form of business financing is referred to as asset-based lending.

Asset-based lending occurs when a loan is granted to a firm solely on the value of assets pledged as collateral. The terms and conditions of an asset-based loan depend on the type and value of assets offered as security to the lender. Lenders usually prefer highly liquid securities that can readily be converted to cash in situations where the borrower defaults on its payments. In general, the more liquid the pledged asset, the higher the loan-to-value ratio. In addition, loans that are granted under asset-based financing are never the full value of the assets pledged. We offer asset based micro credit upto Rs 25 lakh

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