Product : Micro Finance Loan – JLG
Our Micro Finance Loan is designed to provide timely and accessible financial support to women small entrepreneurs to meet their business financial needs.
Key Features
- Rate of Interest (ROI): 22% per annum
- Processing Fee: 1% of the loan amount + applicable GST
- Purpose: Income generation, working capital, small business expansion, and other eligible needs
- Flexible Repayment Options
- Insurance: Optional
- Quick Processing and Disbursement
- Minimal Documentation
- Group Size: 4 to 15 members
Eligibility
- Individuals engaged in small business or income-generating activities
- Applicants meeting our credit and internal assessment criteria
Transparent Charges
We ensure complete transparency in pricing:
- Interest charged at 22% per annum on the outstanding loan balance
- Processing fee of 1% + GST applicable at the time of disbursement
- No hidden charges
Insurance Details
- Cover for borrower and spouse
- Coverage Basis: Insurance coverage is provided on a diminishing monthly balance.
- Premium will be collected upfront at the time of disbursement
- GST not applicable
Important Notes
- Interest is calculated on a reducing balance basis.
- Transparent pricing with no hidden charges.
- All loans are subject to eligibility and internal credit policy guidelines.
Why Choose Us?
- Lowest ROI
- Simple and customer-friendly process
- Fast approval mechanism
- Dedicated customer support
- Ethical and responsible lending practices
For more details or to apply, please contact our nearest branch or reach out through the contact details provided on our website.