Product Offerings

Joint Liability Group (JLG)

Joint Liability Group consists of 6-20 people of same village/locality of homogenous nature and of same socio economic background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.

Loan Size

First Cycle Loan Slab

₹.12000 to ₹.36000

Second Cycle Loan Slab

₹.12000 to ₹.42000

Third cycle Loan Slab

₹.12000 to ₹.48000

Fourth cycle Loan

₹.12000 to ₹.54000

Fifth cycle Loan

₹.12000 to ₹.60000

Tenure
  • Tenure: 12/18/24/36 Months
  • All products above Rs.33000 will have tenure of 24 months and above.
Insurance
  • Insurance of Borrower and Co-Borrower
  • Premium Rs. 5 per Rs. 1000 of loan amount for tenure of 12 month
  • Premium Rs.10 per Rs. 1000 of loan amount for tenure of 24 months
Processing Fee
  • Zero processing fee for loans up to Rs.24000.
  • Processing Fee: 1% of the loan amount for Rs. 27,000 & above (+GST).

Note: All Loan Amounts will be available in multiple of ₹. 3000