Group loan (Female)

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

Key Benefits

FEATURES	ATTRIBUTES
Loan Amount	Minimum amount is INR 15,000 Maximum amount is INR 50,000
Age of Applicant	Between 18 to 58 years
Loan Tenure	Maximum 24 months
Security	Group guarantee
Processing Fee	0 - 2% plus applicable GST
Interest Rates	Enjoy highly competitive interest rates ranging from 22% - 26% p.a.

 

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

• Should fulfil KYC documents requirements
• Age should be between 18 to 58 years
• Should not have an adverse credit record
• Should meet the acceptable credit norms according to SWF.
• Should be part of a group of customers who are willing to guarantee each other for the repayment of loan

Required Documents

• Primary ID: Aadhaar

• Secondary ID: PAN card / Form 60

• In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
  • Passport
  • Voter ID card
  • Driving licence
  • NREGA (National Rural Employment Guarantee Act)
  • Letter issued by National Population Register containing details of name and address

• Residence Proof:
  • Any of the valid KYC documents
  • Utility bill (not more than 60 days old)