Equitas Microfinance

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.

Equitas Microfinance Pvt. Ltd personal loan details

Features and benefits of Equitas Microfinance Pvt. Ltd Income Generating Loans

Income Generating Loans issued by Equitas Micro Finance Pvt Ltd showcase the following features and benefits:

For loan amounts disbursed in cash

• During cycle 1 of the borrower’s life cycle the loan amount disbursed can range up to Rs.30,000
• During cycle 2 the loan amount disbursed can range up to Rs.35,000.
• During cycle 3 the loan amount disbursed can range up to Rs.40,000
• During cycle 4 the loan amount disbursed can range up to Rs.50,000.
• The interest rate per annum can range between 24% p.a. and 25% p.a.
• A processing fee of up to 1% of the loan amount will be charged at the time of sanctioning of the loan
• For additional income generating loans, the loan amount disbursed can range between Rs.5,000 and Rs.10,000
• For Vishwaas Loan, the loan amount disbursed can range between Rs.5,000 and Rs.10,000

Features and benefits of Equitas Microfinance Pvt. Ltd Emergency Loans

1. The loan amount disbursed in case of emergency is Rs 5,000, either in cash or into the borrower’s bank account
2. The interest rate per annum is up to 25%
3. A processing fee of up to 1% of the loan amount will be charged at the time of sanctioning of the loan

How to apply for a loan from Equitas Microfinance Pvt. Ltd

Given below are the steps you will have to follow to apply for a loan from Equitas Microfinance:

1. Click on the link https://www.equitasbank.com/micro-finance.
2. Scroll down and click on the ‘Apply Now’ button.
3. Provide the details such as your name, mobile number, email ID, monthly income, loan amount you wish to avail, etc.
4. Enter the captcha and tick the box where you authorise the lender to contact you.
5. Click on ‘Submit’.

FAQs on Equitas Microfinance

1. What should be the minimum monthly income that I must earn to avail a loan from Equitas Microfinance?

You must earn a minimum of Rs.10,000 per month to be eligible for a loan from Equitas Microfinance.

2. I have a query. How can I contact the lender?

In case of any query, you can call the number 1800-103-1222.

3. What is the address of the Equitas Microfinance Pvt. Ltd?

The address of Equitas Microfinance is:
Equitas Small Finance Bank Ltd.
Phase II, 4th Floor,
Spencer Plaza,
No. 769, Anna Salai,
Chennai - 600 002