MSME loans
MSME Loan (Saral)
- Target
- Shopkeeper
- Loan amount
- ₹1,00,000
- Loan period
- Up to 1 year
Registered with the Reserve Bank of India
We're in the business of helping you start your business
A Non deposit taking NBFC providing business loans to small and medium entrepreneurs in rural and semi-urban markets, from our Head office at Lucknow since December 2020.
Toll free 1800 532 0162 Monday to Saturday, 10:00 am – 5:00 pm
- Happy customers
- 8,000+
- Total manpower
- 220+
- Operational states
- 3
- Total portfolio
- ₹11.30 Cr
(Data as of Aug-2024)
About us
Hassle-free, quick and easy financing for the growth of your business
Vinayana Investment & Finance Limited is a Non deposit taking-Non-Banking Financial Company registered with Reserve Bank of India. The Company commenced its MSME lending operations from its Head office at Lucknow in December 2020 by providing business loans to small and medium entrepreneurs in rural and semi-urban market area through medium enterprises loan based system.
Vinayana is dedicated to lending to entrepreneurs for income-generating activities, adhering strictly to RBI guidelines and provides credit related other services. The company is operated by management with extensive knowledge and experience in the finance industry and driven by a strong belief in fostering an inclusive society.
Vinayana's primary objective is to offer sustainable and affordable financial services to entrepreneurs and business owners, providing hassle-free, quick, and easy financing to support the growth of their businesses.
Services
Our loan products
MSME loans (Saral) and business loans for shopkeepers, transporters, small businesses and salaried households.
Business loans
Business Loan
- Target
- Small business
- Loan amount
- ₹5,00,000
- Loan period
- Up to 3 years
Business loans
Bill Discounting Loan
- Target
- Transporter
- Loan amount
- ₹6,00,000
- Loan period
- Up to 90 days
Business loans
Car / Two Wheeler Loan
- Target
- Self / salaried employees
- Loan amount
- ₹5,00,000
- Loan period
- Up to 3 years
MSME loans
Salary Advance Loan
- Target
- Income household
- Loan amount
- ₹1,00,000
- Loan period
- Up to 1 year
Why choose us?
Features of financing by Vinayana
At Vinayana we take pleasure in the great impact that our work creates in the lives of the underprivileged and are extremely committed towards achieving it. Our promise is to empower people economically and we shall strive to achieve it at all times.
Enabling business expansion
Vinayana's financial services aim to help individual shopkeepers and small business owners deploy borrowed funds for income-generating purposes, such as restocking inventory or expanding existing operations.
Providing easy access to credit
Vinayana addresses the gap left by traditional banks, which often do not offer small loans to customers. The company provides small and medium-sized loans to ensure that entrepreneurs have access to the credit they need when it is most crucial.
Promoting savings discipline
By meeting the basic financial needs of its customers, Vinayana encourages them to start saving for the future and repaying their debts, instilling a habit of financial discipline.
Driving economic growth
Customers who engage with Vinayana's financial services often experience better consumption levels and improved business outcomes, leading to significant economic gains for the community as a whole.
Our commitment
At Vinayana, we are committed to empowering entrepreneurs and fostering economic growth in rural and semi-urban areas. Our approach is rooted in the belief that access to finance is a critical component of creating a more inclusive and prosperous society.
How we lend
Loan approval process with eligibility
From the first meeting at your shop to closing your loan, these are the steps our team follows.
- Step 01
Market / area identification
Loan Officer (LO) selects the market nearby the branch / unit office and performs the introductory meeting with the shopkeeper.
- Step 02
Member admission
Once the introductory meeting is over, staff completes the paper formalities, checks the KYC of applicant and co-applicant, and also records KYC details of customer through digital platform.
- Step 03
Credit bureau check
After making entries on mobile app, credit status of the applicant is verified instantly through credit agency integration with CICs.
- Step 04
Visit by the supervisor
After Credit Pass, Supervisor conducts house and shop visit of the applicant.
- Step 05
Loan application
Member is called at the branch office. Details of member and family, assets owned, income and expenditure, bank detail are filled in the forms at the branch. Features of the loan product, selection criteria, interest rates, installment size and the members' awareness about Vinayana and its work are explained to the borrower.
- Step 06
Loan sanction / agreement execution
On sanction of the loan amount, necessary loan agreements are executed with the borrower.
- Step 07
Disbursement
The Company follows the centralized disbursement process. Loan amount is disbursed directly into the bank account of the borrower by the Head office at Lucknow.
- Step 08
Repayment
The loan officer collects the repayment from the borrower on daily basis from the next day of the disbursement and signs on the loan book of the borrower and deposits the collection amount in the Bank account of Vinayana Head office same or next day.
- Step 09
Loan utilisation verification (LUC)
Area Manager conducts LUC within 15 days of the disbursement. The findings of LUC are recorded in LUC Format which is updated in credit history record of the client.
- Step 10
Loan closure
There are no pre-closure charges on the loans. Pre-closure is allowed only after minimum retention period of 60 days from the date of disbursement.
Who we are
Our vision, mission and goal
Our vision
Vinayana's vision is to help in providing financial security and opportunities for entrepreneurs to scale up their businesses and ensure sustainability by being an efficient, innovative and admired finance company, focused on making a positive impact on the standard of living of our customers through appropriate finance solutions at an affordable cost and personalized services.
Our mission
To motivate small entrepreneurs in a cost-effective way and deliver them finance services in an honest, timely and efficient manner and to help them feel confident about their financial future. Vinayana also commits to be professionally managed, operationally sustainable and financially profitable.
Our goal
- Providing financial resources to enable small entrepreneurs of semi urban and urban communities for development of their businesses, and being more profitable and sustainable while connected with formal financial institution.
- Developing a scalable and growing business that covers a significant number of borrowers while maintaining portfolio and service quality.
- Vinayana objective is to be the most-preferred financial services destination, delivering delightful customer experience through empowered employees not necessarily the largest or most profitable.
- In 5 years Vinayana intends to serve more than 25,000 businesses.
Plan your loan
Know your instalment before you apply
Estimate the daily or monthly instalment on a Saral MSME loan, based on our schedule of charges.
Saral MSME loan calculator
₹10,000₹1,00,000
3 months1 year
Indicative figures at 20% p.a. on reducing balance, with a processing fee of 1% plus GST, as per our schedule of charges. Final terms are confirmed in your loan agreement.
Daily instalment
₹151
for 365 days
- Total interest
- ₹5,180
- Processing fee (incl. GST)
- ₹590
- Total you repay
- ₹55,180
Helping business security & peace of mind for your family
Our team
Behind any business success lies a great team
Once the right people are in place, the goal is to bring them together into a cohesive unit. Our team members belong to diverse backgrounds and have the zeal to consistently innovate, meet challenges, and build a progressive environment within the organisation.
Board of directors
Vivek Kumar Jayasaval
Director
Amit Kumar Pandey
Director
Mukesh Kumar
Director
CA Govinda Sachdev
Independent Director
Dr. Bibhas Kumar Srivastav
Independent Director
Partners
Our partners
Lending, service, banking and insurance partners who work with Vinayana.
Success stories
Stories from our customers
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[Customer story — a few lines in their own words about how the loan helped their business.]
[Customer story — a few lines in their own words about how the loan helped their business.]
Ready to grow your business with us?
Talk to our team about the loan that fits your shop or business. Call us toll free, or leave your number and we'll call you back within the same working day.