Group Loan

Group Loan is designed to extend loan facilities to women& men , with the objective of helping them meet their financial needs.

Key Benefits

FEATURES	ATTRIBUTES
Loan Amount	Minimum amount is INR 50,000 Maximum amount is INR 3,00,000
Age of Applicant	Between 18 to 55 years
Loan Tenure	Maximum 60 months
Members limit	Minimum 7 members Maximum 15 members (according to loan amount)
Security	Group guarantee (Salaried & Property Person)
Login Fees	Nill
Processing Fee	1% to 3% plus applicable GST
Interest Rates	7.5% to 13% P.A

 

Documents Required for Applicant

• 1 Photo Passport Size
• Adhar Card
• Pan Card
• 2 Stamp Paper of Rs.50/- in favor of the Applicant.
• 8 Stamp Paper of GuarantorRs.50/- in favor of the Guarantor.
• Bank Passbook/ Cancel Cheque
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Documents Required for Guarantor

• 1 Photo Passport Size
• Adhar Card
• Pan Card
• Bank Statement of last 6 months
• Last Two Month of Salary slip ( in case salaried Person)
• Property Papers (in case of Property Guarantor

In Case of Goverment Guarantor and Private Limited

• 2 months Pay Slip / Bank Passbook photocopy
• H.O.D & Salary In charge Signatures Along with his/her Stamp on Official Undertaking Bond Page No. X2. is a Compulsory.

8 Stamp Paper of Rs.50/- in favor of Guarantor. With Name, Address,Father Name & City with PIN Code (These must have a Signature & Thumb Impression and Public Notary)

• One Photograph of each family member (Above 18 Years) (only in case of Private Limited Guarantor) (Above mentioned Terms & Conditions may change from time to time as per firm/company policy without any prior information)

In Case of Property Guarantor

• 8 Stamp Paper of Rs.50/- in favor of Guarantor with Name, Address Father’s name & City with Pin Code.
• Bond Paper (stamp duty) Registry verify by Sub Registrar and Tehsildar.
• Undertaking Bond Papers (All Stamp Papers) verified by the Tehsildar.
• Search Report Compulsory according to the due times for receiving the Stamp Papers.
• Stamp on Agreement Bond Page No-X6 is compulsory.