Microfinance – Group Lending Loan for Women

Hassle free solution to support your dreams!

Overview
Features
Benefits
Fees & Charges
Other Details

If you have a business idea, we believe in you.

Whether it is a small business idea or scaling up an existing business, we provide group loans to women entrepreneurs to support their business growth.

The salient feature of our Group Loan

Loan for a group of 5 - 10 women members (Special loan for women entrepreneurs)
Simple and easy loan process
Minimum documentation
Loan tenure up to 24 months
Loans from Rs. 25,000 - Rs. 50,000

Benefits of our Group Loan

No collateral required for loan
Flexible repayment dates
Insurance cover for every member and co-borrower in the loan structure

Fees & Charges

Processing Fees up to 1 % of Loan amount + applicable taxes (payable before disbursement of Loan)
Rate of Interest Range
- Minimum Rate of Interest: 23%
- Maximum Rate of Interest: 26%
Any Legal cost/charges At actuals + applicable taxes
Recovery-related charges - At actuals + applicable taxes
Stamp duty charges - At actuals + applicable taxes
Statutory Charges - At actuals + applicable taxes

Interest Rate & Charges

Fair practice code

Risk Gradation

All "Borrower/s" on the loan facility are hereby informed that the company has the following approach and considers the following factors for assessing the gradation of risks for each Borrower:

Profile, the market reputation of the borrower including usage of internal credit scoring models leveraging traditional approaches like Bureau performance as well as alternative data sources,
Inherent nature of the product, type/nature of the facility, refinance avenues, whether the loan is eligible for bank financing, loan to value of asset financed,
Tenure of relationship with the borrower, past repayment track record, and historical performance of our similar clients,
Overall customer yield, future potential, repayment capacity based on cash flows and other financial commitments of the borrower,
Nature and value of primary and secondary collateral/security,
Type of asset being financed, end use of the loan represented by the underlying asset,
Interest, default risk in the related business segment,
Regulatory stipulations, if applicable, and
Any other factors that may be relevant in a particular case
Tenure, quantum, repayment schedule, and structure (including proposed moratorium, if any) of the proposed loan

The rate of interest for the same tenor for different clients can be different depending upon the combination of one or more factors listed above.