Equitas Micro Finance Pvt Ltd was formerly known as Singhvi Investment and Finance Pvt. Ltd. They are a microfinance company that offers commercial vehicle loans, loans against property and loans for small industries. The company - based out of Chennai, Tamil Nadu - was started in 1994 and operates as a wholly owned subsidiary of Equitas Holdings Pvt. Ltd.
Equitas Micro Finance Pvt Ltd was formed with the purpose of extending micro credit to people who face difficulties in acquiring finance from mainstream or recognised banks or financial institutions. The aim of the company is to make finance available at reasonable cost to such customers and to achieve reasonable returns on investment in order to continuously attract mainstream capital.
Equitas Micro Finance Pvt Ltd offers Income Generating Loans and Emergency Loans aimed at borrowers in different phases of a borrower’s life cycle. Based on the client’s demands and business needs, higher loan amounts are offered at different phases of the borrower’s life cycle.
Income Generating Loans issued by Equitas Micro Finance Pvt Ltd showcase the following features and benefits:
A processing fee of 1% of the loan amount will be charged at the time of sanctioning of the loan
Equitas Micro Finance Pvt. Ltd outlines the following eligibility criteria and terms & conditions for their loan products:
To avail of loans from Equitas Micro Finance Pvt Ltd, the following documentation is required: