We provide Income Generating Loans, particularly through the Joint Liability Group (JLG) model, designed to support small groups of borrowers who lack access to traditional banking services.
The IGL loan product is specifically tailored for purposes such as agriculture and allied activities, trading, animal husbandry, small-scale production, services, and startups.
Loan amounts typically range from ₹2,000 to ₹1 lakh, with tenures of 90-120 days and daily interest rates around 0.05%.
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Weekly repayments spread over 80 weeks provide manageable installments for low-income borrowers or small business owners.
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Loan tenures typically range from 12-24 months, with biweekly options like "2 Bi-Weekly" for flexibility; 20 biweeks fits common structures up to 36 months.
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Loan amounts can range up to ₹1.5 lakh or more, with collateral-free lending focused on low-income or underserved groups, especially women entrepreneurs.
Read MoreA gold loan is a secured loan in which you pledge your gold jewellery or ornaments to a bank or NBFC as collateral in exchange for money, and you get your gold back after repaying the loan with interest.
A “property loan” usually refers to a secured loan where you pledge an existing property as collateral to get funds from a bank or NBFC; in India, this is most commonly called a Loan Against Property (LAP)
A personal loan is an unsecured loan that you can take from a bank, NBFC, credit union, or online lender to meet various personal expenses, and it does not require you to give any asset (like a house or car) as collateral.
A home loan is a long-term loan taken from a bank or financial institution to buy, build, or renovate a house or residential property, where the property itself is kept as security until the loan is fully repaid through EMIs.