Women Group Loan
Women Group Loan
A women group loan typically refers to a financial arrangement where a group of women collectively secure a loan from a financial institution or a microfinance organization. These loans are designed to empower women economically by providing access to capital for various purposes such as starting or expanding a business, investing in education or healthcare, or improving household income.
Eligibility Criteria
- Applicants must meet the following requirements to be eligible for the loan:
- Should fulfil KYC documents requirements Age should be between 18 to 58 years Should not have an adverse credit record Should meet the acceptable credit norms according to JFG .
Required Documents
- Primary ID: Aadhaar
- Secondary ID: PAN card
- Third ID: Bank Passbook and Photo
- In case of non-availability of PAN card, customer needs to submit Voter ID / Rasan Card
- Residence Proof: Any of the valid KYC documents
- For Terms and Conditions, please contact the D.M.A. JFG.
Interest Rate
Fixed interest rate of 2.5% per annul applicable on the loan amount Interest rates are fixed and non-negotiable.
File Charges 3870.00/- (Security Amount) will be refunded Rs 3000/- (three thousand) with the loan amount & DOCUMENTARY FEES:- 870(NON- REFUNDABLE)Our Valuable Clients
