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PM SVANidhi

Empowerment at the Grassroots: Exploring PM SVANidhi Vendor Loans

Collateral-free and small-ticket loans designed for street vendors to climb up the economic ladder.

PM SVANidhi 1st

 

  • Loan Amount – upto ₹10,000
  • Tenure – 12 Months
  • Rate of Interest – 24% p.a
  • Mean Interest rate for last Quarter – 24%
  • Processing fee – Not Applicable
  • Franking charges/Stamp duty – Not Applicable

PM SVANidhi 2nd

 

  • Loan Amount: ₹15,000 - ₹20,000
  • Tenure – 18 Months
  • Rate Of Interest: 24% per annum on a reducing balance method governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
  • Mean Interest rate for last Quarter – 24%
  • Processing fee – Not Applicable
  • Franking charges/Stamp duty – Not Applicable

Maximize your savings! Earn up to 8.75%* p.a. on our Fixed Deposits!

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