Group Loan

LOAN CRITERIA

Group Loan

  • Loan holders must have membership and savings account in our organization.
  • Customer must have to active their savings account until their loan active.
  • Membership + Savings account: - 200+1000 = ₹1200/-
  • Group loan minimum 5 members and maximum 10 members.
  • First Loan eligible amount :- ₹13,000/-
  • Loan term :- 26 weeks (6 months)
  • Loan interest :- 0%
  • EMI per week :- ₹500/-

After closing the first loan amount, customer will be eligible to get a loan above ₹10,000.
Note: On the next loan, only the following charges will be applicable: Credit Score Check, Insurance, Processing Fees & Service Charge.

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