Aspects
- Easy Loan Processing.
- The motto of every group member should be “saving first – credit later”
- Loan limit is Rs.50,000.00 to 5,00,000.00
- Maximum loan tenure is 2year.
- Pre-Payment Penalty : 3% Penalty charges.
ROI & Handling Charges
- Rate of Interest is 16%.
- Handling Charges : Half Yearly & Yearly.
Eligibility
- Small businesspersons
- Age : 18 to 55 years.
- Each group should have only one member from one single family.
Documentation & Security
- Duly filled form with :
- Income Proof of Applicant
- Aadhar card of Applicant.
- PAN Card of Applicant
- Two Acceptable Guarantors.
Share Holdings
- Share amount @ 5% of loan amount.