SV Creditline Private Limited offers loans for income-generation purposes. The bank focuses on targeting customers who find it difficult to avail loans from the current financial system due to the lack of collateral security or the inability to meet certain eligibility criteria. The manner in which the products are designed is fairly simple, allowing customers to comprehend them with relative ease. The bank strives to increase the convenience with which customers can access financial products and services, and following are three of the main loan facilities that can be availed by customers.
The loans offered by SV Creditline Private Limited range between Rs.10,000 and Rs.35,000. The main loan products include Unnati, Pragati and Smariddhi.
The insurance premium under each of the loans will be determined by the insurance provider. The tenure in each case is one to three years and the coverage is provided to clients and spouses or guarantors. In order to ensure that the borrower’s family has ample cushion to prevent any potential financial concerns arising suddenly, the borrower along with their spouses / guarantors are insured at the right amount of premium. The services ensures that in case of accidental death of the insured borrower or his/her spouse / guarantor, the outstanding amount will be written off and the nominee becomes eligible for the assured amount.
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