We give customers a financial springboard from which to grow, invest, fulfil their dreams and contribute to national prosperity.
Loans to support personal needs such as financing a wedding, a dependent’s education, a home renovation, or purchase.
You will pay back the loan in Equal Monthly Instalment (EMI), which will be automatically debited from your bank account via ACH.
At the time of booking your loan, the EMI will be calculated based on the loan amount, interest rate, tenure, and other relevant factors.
Yes, although a pre-payment fee may be applicable.
Following approval, your loan amount will be transferred digitally to your bank account.
If this happens, you will have to pay a bounce fee and a late payment penalty. Your credit history may also be impacted. As such, this is something you should avoid.
Loan servicing is the process by which a lender collects interest, principal, and escrow payments from a borrower.
In addition to providing loans direct to customers, SBFC offers specialist loan management services (LMS) to third party financial institutions. SBFC’s LMS clients benefit from our experienced customer care team managing statements of accounts (SOA), repayment schedules, interest certificates and other vital administrative processes on their behalf.
SBFC handles the porting of repayment modes (NACH/ECS) and can transfer equated monthly installments (EMIs) between accounts. For delinquent loans, we provide complete support for clients including phone calls, SMS outreach and field visits. Moreover, SBFC loan management service initiates and executes all legal cases relating to delinquent and non-performing asset (NPA) accounts.
Currently, SBFC services over 10,000 loan accounts with a combined point of sale (POS) value of 2,900 crores.
