Sundaram Alternate business loans
Sundaram Alternate is on Recur Club's lender panel, writing secured term loan.
- ✓We check your fit against every lender on the panel, not just this one
2 lenders under one brand
They share a screening philosophy but not a book. Which one your file goes to depends on what you are borrowing against.
Sundaram Alternate Assets Limited
- Borrower: CIBIL ≥650
- age ≥2y
- Karnataka (varies by product)
- Private Limited, Public, Limited Liability Partner, Sole proprietorship
- Financials: rev ≥₹100cr
- TOL/adjusted tangible net worth ≤5
20 more ▾ ▴
- debt/EBITDA ≤4
- maximum annualrevenue: 5000
- maximum networth: 1000
- networth ≥₹50cr (secured term loan)
- networth ≥₹75cr (loan against property, loan against securities, venture debt)
- debt/networth ≤4
- DSCR ≥1
- runway ≥12mo (secured term loan only)
- Deal: rate 15–20%
- ticket ₹20–200cr (range across products — see matrix)
- tenure 12–60mo (range across products — see matrix)
- no PEP
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%)
- 2nd charge on current assets (67%)
- median ticket ₹50cr
- median rate 14%
- median turnaround —
- Security asked in : Personal Guarantee Of Promoters/Directors (×6), 1st/pari-passu charge on current assets (×3), 2nd charge on current assets (×3), 1st charge on immovable assets (×2)
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×3), 2nd charge on current assets (×2), share pledge ≤51% (×1), Movable Fixed Assets/Plant & Machinery - Second Charge (×1)
- share → in-principle approval (initial interest): ≈50d
Sundaram Finance Services Limited
- Security (observed): 1st/pari-passu charge on current assets (100%)
- Escrow Of Cashflows (100%)
- Security asked in : 1st/pari-passu charge on current assets (×1), Escrow Of Cashflows (×1)
What Sundaram Alternate lends, and on what terms
What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.
| Product | Ticket | Pricing | Tenure | Arm |
|---|
Also offered, with no terms observed yet: Secured Term Loan.
What a sanction from Sundaram Alternate actually looks like
Reconstructed from real sanction letters. Small samples, so read them as observed rather than as a rule.
Specimen sanction
Representative of the median file. Your actual terms will move with rating, security cover and relationship.
How often each clause appears
Share of the 5 sanction letters carrying the clause.
What they will ask you to pledge
Counted across the sanction letters read. A combination is normal, and most files carry more than one.
Sundaram Finance Services Limited
- Vehicle/Machinery1 letters
- Promissory Note1 letters
- Vehicle (Commercial Vehicle)1 letters
- Vehicle/Machinery ×1, Promissory Note ×1, Vehicle (Commercial Vehicle) ×1
What borrowers ask about Sundaram Alternate
- What does Sundaram Alternate lend?
- Sundaram Alternate writes secured term loan.
- What are Sundaram Alternate's eligibility criteria?
- The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.
- What security does Sundaram Alternate ask for?
- Observed across sanctions: Personal Guarantee Of Promoters / Directors / Property Owner (100%) · 2nd charge on current assets (67%).
- How do I apply to Sundaram Alternate?
- You do not apply to Sundaram Alternate directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Sundaram Alternate's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.
- Is Sundaram Alternate the right lender for my business?
- It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Sundaram Alternate screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.
Next steps after Sundaram Alternate
Answer a short set of questions and see which lenders on the panel your file clears, on each one's own recorded criteria.
Search the panel by name, product or ticket size, and compare credit boxes side by side.
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Founder stories from the companies building in India, from the team behind Recur Club.
See whether Sundaram Alternate is the right lender for you
A few questions. Recur Market scores you against Sundaram Alternate and the rest of the panel, on each lender's own recorded criteria.
Check my matchLast updated
Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Sundaram Alternate's current policy. Terms are set by the lender at the time of sanction.