Clear answers before you borrow
Understand loan amounts, eligibility, tenure, fees and repayment before making a decision.
Everything you need to know
These answers describe the Sarvam micro-loan product and the eligibility information shown to borrowers.
What type of loan does Sarvam offer?
Sarvam offers micro-loans designed for short-term financial needs.
How much loan can I get?
You can get a loan of up to ₹50,000, based on your eligibility. The amount shown to you is the maximum you can currently avail.
Can I apply for a higher amount than what is shown?
No. You can only take the eligible amount shown. After successful repayment, your loan limit may increase.
What is the loan tenure?
The loan tenure is up to 25 weeks.
What is the interest rate?
The interest rate ranges between 0.40% and 0.50% per week, depending on your profile.
Is there any processing fee?
Yes. The processing fee ranges from 2% to 4% of the loan amount, plus applicable GST.
Can I take a second loan if my first loan is still active?
No. You must fully repay your existing loan before applying for another one.
Can I apply if only my last EMI is pending?
No. You will be eligible only after complete repayment of all EMIs.
Why am I not eligible for a loan?
- Your monthly income is below ₹8,000.
- Your previous loan repayment history is not good.
- You have less than three months of work experience.
How can I become eligible for a loan?
- Repay your loan on time.
- Maintain a stable income.
- Have at least three months of work experience.
Will my loan limit increase in the future?
Yes. If you repay your loan on time, your loan limit may increase.
Our support team can help with your loan or eligibility query.