# Sundaram Alternate business loans

> Sundaram Alternate is on Recur Club's lender panel, writing secured term loan.

Source: https://www.recurclub.com/lenders/sundaram-alternate
Last updated: 2026-10-20

Also offered, with no terms observed yet: Secured Term Loan.

## Eligibility - SUNDARAM ALTERNATE ASSETS LIMITED

### Screening gates and observed behaviour

- 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 · 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

## Eligibility - SUNDARAM FINANCE SERVICES LIMITED

### Screening gates and observed behaviour

- 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)

## Sanctioned terms (from 5 real sanction letters)

### Sanctioned amount: median ₹16L (₹14L–₹1.5 cr) · NEW ×2

- median ₹16L (₹14L–₹1.5 cr) · NEW ×2

### Typical security: Vehicle/Machinery ×1, Promissory Note ×1, Vehicle (Commercial Vehicle) ×1

- Vehicle/Machinery ×1, Promissory Note ×1, Vehicle (Commercial Vehicle) ×1

### Typical covenants: - Other standing covenants — 60% of letters

- Other standing covenants — 60% of letters

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Common questions

### 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.

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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.