Joint Lability Group ( JLG Loan )
JLG Loan is a Loan Given to Small Entrepreneurial Woman. In Which There is a Group of 05 to 10 women Members. And all the women members are Guarantors of each other. This Loan is easily available in Rural and Urban areas.
Benefits
- JLG Loans starting from ₹ 25,000 to ₹ 75,000.
- Loan tenure: 12 Months to 36 Months
- Repayment in easy Equated Weekly Instalment (EMI)
- Foreclosure Allowed during the tenure of the loan
- NACH/SI allowed for loan repayment
- Hassle Free Processing
- The minimum net income criteria are ₹ 10,000 per month for Members.ers
Eligibility
Minimum Age 21 years up to 50 years.
Individuals working with Self Business
All the Loans Members should have their own house along with their Business
Minimum net income ₹ 10,000 and above per month
All Facilities are provided at the home of the Loanee Members.
Documents Required
KYC ( PAN & Aadhaar proof)
6 Months Account Bank Statement
Cibil Report
Latest Passport Size Photo & etc.