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Empowering Individuals,
Enriching Communities

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IIFL Samasta Finance Limited, is a financial institution
commited to working towards women’s economic empowerment.

IIFL SAMASTA FINANCE LIMITED

is committed to working towards women’s economic empowerment. Since its inception in March 2008, IIFL Samasta has been providing innovative and affordable financial products to women from unbanked sections in society in both rural and semi urban areas. Today as the organisation caters to 22 states and 1 union territory across India, IIFL Samasta with its wide array of responsible financial products and services acts as a catalyst for sustainable and inclusive economic growth.
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OUR PRODUCTS

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IIFL SAMASTA

IIFL Samasta Finance Limited is a financial institution committed to working towards women’s economic empowerment. Since its inception in March 2008, IIFL Samasta has been providing innovative and affordable financial products and services to more than a million rural and semi-urban women in 22 states and 1 union territory across India to help fulfill their aspirations to become financially independent through entrepreneurship.

Enabling Entrepreneurship – Watch our stories of change.

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CUSTOMER STORIES

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LIFE AT IIFL SAMASTA

IIFL Samasta fosters an inspirational work environment because for us, work is about making a positive impact in the lives of millions of people through affordable and accessible financial services. Employees are the heart and soul of our business and every individual has an important role to play. IIFL Samasta Finance Limited is committed to providing our employees with a fun, engaging and rewarding environment. We offer a variety of benefits to promote the well-being of our people while providing a work environment that allows them to excel and reach their full potential.

Listen to our team! Have a look at their success stories and find out how you could make a successful career with us.

IIFL Samasta offers career-defining opportunities by encouraging employees to achieve their full potential and thereby meet their professional goals. IIFL Samasta believes in an open-door policy with the senior management leading and guiding the employees at every stage of their career growth.

If you are seeking innovation, learning, and growth, IIFL Samasta is the place for you! Check out the open positions and submit your CV to recruitment@iiflsamasta.com with the appropriate job title/code.

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Samriddhi (Income Generation Loan)

Samasta Microfinance empowers women by giving them access to capital to setup or grow micro enterprises. Samriddhi – Income generation loans are designed to meet a variety of needs like increasing working capital, buying inventories.

Lending ModelJoint Liability Group
Loan AmountRs. 25,000 – Rs. 70,000
Tenure12 – 36 Months
Repayment FrequencyMonthly/Fortnightly
Rate of Interest24.24% (on Reducing balance)
Processing Fee1.5% + GST

Shiksha (Education Loan)

Shiksha- Education Loan provides education loans to help customers meet educational requirements of their children.

Lending ModelJoint Liability Group
Loan AmountRs. 10,000 – Rs. 20,000
Tenure1 – 2 years
Repayment FrequencyMonthly/Fortnightly
Annual Interest Rate24% (on Reducing balance)
Processing Fee1.5% +GST

Surabhi (Dairy Cattle Loan)

Surabhi – Dairy Cattle Loan caters to the dairy development activities of the customers including purchase of new cattle to increase income. This loan provided to women involved in dairy activities also includes insurance coverage to mitigate any risk.

Lending ModelIndividual
Loan AmountRs. 60,000 – Rs. 90,000
Tenure24 Months
Repayment FrequencyMonthly
Rate of Interest24%
Processing Fee1.5% + GST

Surabhi 2* (Dairy Cattle Loan)

Surabhi – Dairy Cattle Loan caters to the dairy development activities of the customers including purchase of new cattle to increase income. This loan provided to women involved in dairy activities also includes insurance coverage to mitigate any risk.

Lending ModelIndividual
Loan AmountRs. 60,000 – Rs. 90,000
Tenure24 Months
Repayment FrequencyMonthly
Rate of Interest20.4%
Processing Fee1.5% + GST

*lending under BC model

Samvardhana (Top-up Loan)

Samvardhana-Top Up loan is an additional amount given to customers with existing business loans. Through this, IGL customers having good repayment history are given an opportunity to access more cash to boost their income generation activities.

Lending ModelJoint Liability Group
Loan AmountRs. 15,000 – Rs. 35,000
Tenure6 – 24 Months
Repayment FrequencyMonthly/Fortnightly
Rate of Interest24.24% (on Reducing balance)
Processing Fee1.5% + GST

Suvidha(Consumer Durable Loan)

Suvidha- Consumer Products Loan is designed to improve the quality of our customers lives by giving them access to life-enhancing products like cook stoves, mixer grinder, water purifier, solar lights and mobile phone.

Lending ModelJoint Liability Group
Loan AmountRs. 1,000 – Rs. 25,000
Tenure9 – 18 Months
Repayment FrequencyMonthly/Fortnightly
Rate of Interest24.24%
Processing Fee1.5% +GST

Sampark (Mortgage Loan)

Micro, Small, Medium Enterprises (MSME) play a prominent role in creating employment opportunities and generating income. Sampark- Mortgage Loan is designed to promote such MSMEs by allowing them hassle-free credit access.

Lending ModelIndividual
Loan AmountRs 3 Lakhs- Rs 15 Lakhs
Tenure24 – 120 Months
Repayment FrequencyMonthly
Rate of Interest21% – 23%
Processing Fee2% + GST

Sampark Advantage (Mortgage Loan)

Micro, Small, Medium Enterprises (MSME) play a prominent role in creating employment opportunities and generating income. Sampark Advantage- Mortgage Loan is designed to promote such MSMEs by allowing them hassle-free credit access.

Lending ModelIndividual
Loan AmountRs 60,000 – Rs 5 Lakhs
Tenure12 – 60 Months
Repayment FrequencyMonthly
Rate of Interest21% – 25%
Processing Fee2% + GST

Swabhiman (Micro Enterprise Loan)

Micro, Small, Medium Enterprises (MSME) play a prominent role in creating employment opportunities and generating income. Swabhiman – Mortgage Loan is designed to promote such MSMEs by allowing them hassle-free credit access.

Lending ModelIndividual
Loan AmountRs 60,000 – Rs 5 Lakhs
Tenure12 – 48 Months
Repayment FrequencyMonthly
Rate of Interest26% – 28%
Processing Fee2% + GST

SAJAL (Water and Sanitation Loan)

promotes eliminating water and sanitation challenges by allowing access to capital required for building new toilet, renovating old structure & facilitating safe drinking water.

Lending ModelJoint Liability Group
Loan AmountRs. 10,000 – Rs. 35,000
Tenure12 – 24 Months
Repayment FrequencyMonthly/Fortnightly
Rate of Interest24.24%
Processing Fee1.5% + GST

PRAGATI (Mortgage Loan)

Micro, Small, Medium Enterprises (MSME) play a prominent role in creating employment opportunities and generating income. Sampark- Mortgage Loan is designed to promote such MSMEs by allowing them hassle-free credit access.

Lending ModelIndividual
Loan AmountRs 3 Lakhs – Rs 25 Lakhs
Tenure24 – 120 Months
Repayment FrequencyMonthly
Rate of Interest19% – 21%
Processing Fee2% + GST

TWO-WHEELER LOANS

Lending ModelHypothecated – Individual Loan
Loan AmountRs. 50,000 – Rs. 1,50,000
Tenure24 – 36 Months
Repayment FrequencyMonthly/Fortnightly
Rate of Interest24.24%
Processing Fee2% +GST

Samasta NextGen

Welcome to Samasta NextGen : Empowering Your Business Dreams

Discover the seamless world of financial services at IIFL Samasta Finance Limited, where innovation meets convenience on the Samasta NextGen platform. Our cutting-edge approach to financial services ensures a user-friendly and personalized experience for aspiring entrepreneurs seeking financial support for their business ventures.

Assisted Application Process: Your Journey Begins Here with Samasta FinTech

At Samasta NextGen, we prioritize a customer-centric approach. Our dedicated representatives, strategically located in your vicinity, provide personalized assistance throughout your loan application journey. Leveraging technology through platforms like WhatsApp and our exclusive mobile application, we aim to simplify and enhance the financial services experience.

How to Apply for a Loan in Samasta NextGen: A Hassle-Free Guide

1. Connect with our Representatives:

Initiate your loan application journey by connecting with our nearby representatives. They are ready to guide you through the process and answer any queries you may have.

2. Co-Applicant Collaboration:

Bring your co-applicant along to our representative's location. Ensure that both you and your co-applicant have the necessary KYC documents for a smooth application process.

3. Personalized Assistance:

Our representatives will assist you right from the initial questionnaire, ensuring that your loan application journey is not just easy but also enjoyable. With the help of our WhatsApp bot and the dedicated mobile app, they guide you through each step seamlessly.

4. Swift Application Process:

The streamlined application process takes only 20 minutes to complete. Your credit eligibility is promptly assessed, and the approved loan amount is communicated to you via the same WhatsApp chat in a matter of moments.

5. Approval and Fund Transfer:

Upon approval, you have the option to request the transfer of the approved amount directly to your bank account. At IIFL Samasta Finance limited, our commitment to efficiency ensures that this entire process, from verification to fund transfer, is completed within half a day.

6. Loan Agreement and Signatures:

Before the disbursement of funds, you will be guided to consent to loan agreements, acknowledge terms and conditions, and complete additional mandatory signatures using our user-friendly application.

Embark on Your Business Journey with Confidence

At Samasta NextGen, fintech services, we are dedicated to transforming your business aspirations into reality. Our commitment to technology-driven, assisted financial services ensures that your entrepreneurial dreams are supported every step of the way. Experience the future of financial services with Samasta NextGen – where your success is our priority. Apply today and witness the power of innovation in financial empowerment.