Group Loan – Swaminatham

Joint Liability Group (JLG) microfinance loans provide loans ranging from five thousand to one ninety thousand rupees to women’s groups for setting up, expanding or expanding a business.

Feature

Salient Features

Ticket Size: 5,000 – 100,000
Loan Tenure: 1 Year
Interest Rate: Will be applicable as per extant rates as advised by ALCO
Nature of Interest Rate: Diminishing
SMS Alerts: Available at time of disbursement, and installment payment
Note: Loan features may vary depending on geography to manage risk.

Security

Type: Unsecured loan
guarantee: Mandatory

Disbursement and Repayment

Disbursement Mode: Through Savings Bank account
Disbursement Frequency: 1 Tranche
Repayment Frequency: Daily/Weekly/Fortnightly/Monthly
Mode of Repayment: Meeting/Agent Banking
Foreclosure option: Available - Client can pre-close loans at any point of time within the tenure of loan without any penalty

Charges

Processing Fee: Up to 1.75% plus Service charge prescribed by Government
Life Insurance (Credit Shield): Available - rates applicable to the insurance scheme
Late repayment and prepayment - No charge

Basic Features

Eligibility Criteria

Age Limit: 25 – 65 years
Domicile Status: Own / Rented with Minimum 1 Year of stay
Nominee Required
Eligibility criteria may vary depending on geography to manage risk.

Pre-sanction Document List

Photograph
Valid KYC – Preferably: Aadhaar card, Pan Card, Bank Passbook

Co-Applicant

Aadhar Card, Pan Card, Photograph

Credit Assessment

AML / Credit Bureau verification
KYC Verification
Total indebtedness for the customer (as per credit bureau report) should not exceed the limits specified by RBI norms for JLG/SHG loans.

Feature

Salient Features

Ticket Size: 5,000 – 100,000
Loan Tenure: 1 Year
Interest Rate: Will be applicable as per extant rates as advised by ALCO
Nature of Interest Rate: Diminishing
SMS Alerts: Available at time of disbursement, and installment payment
Note: Loan features may vary depending on geography to manage risk.

Security

Type: Unsecured loan
guarantee: Mandatory

Disbursement and Repayment

Charges

Processing Fee: Up to 1.75% plus Service charge prescribed by Government
Life Insurance (Credit Shield): Available - rates applicable to the insurance scheme
Late repayment and prepayment - No charge

Basic Features

Eligibility Criteria

Age Limit: 25 – 65 years
Domicile Status: Own / Rented with Minimum 1 Year of stay
Nominee Required
Eligibility criteria may vary depending on geography to manage risk.

Pre-sanction Document List

Photograph
Valid KYC – Preferably: Aadhaar card, Pan Card, Bank Passbook

Co-Applicant

Aadhar Card, Pan Card, Photograph

Credit Assessment

AML / Credit Bureau verification
KYC Verification
Total indebtedness for the customer (as per credit bureau report) should not exceed the limits specified by RBI norms for JLG/SHG loans.

Quick Link

Policy

Offering

Our Group

Get in Touch

Copyright 2025 Swaminatham. All Rights Reserved. Developed by Dizi Global Solution

Feature

Salient Features

Ticket Size: 5,000 – 100,000 Loan Tenure: 1 Year Interest Rate: Will be applicable as per extant rates as advised by ALCO Nature of Interest Rate: Diminishing SMS Alerts: Available at time of disbursement, and installment payment Note: Loan features may vary depending on geography to manage risk.

Security

Type: Unsecured loan guarantee: Mandatory

Disbursement and Repayment

Charges

Processing Fee: Up to 1.75% plus Service charge prescribed by Government Life Insurance (Credit Shield): Available - rates applicable to the insurance scheme Late repayment and prepayment - No charge

Basic Features

Eligibility Criteria

Age Limit: 25 – 65 years Domicile Status: Own / Rented with Minimum 1 Year of stay Nominee Required Eligibility criteria may vary depending on geography to manage risk.

Pre-sanction Document List

Photograph Valid KYC – Preferably: Aadhaar card, Pan Card, Bank Passbook

Co-Applicant

Aadhar Card, Pan Card, Photograph

Credit Assessment

AML / Credit Bureau verification KYC Verification Total indebtedness for the customer (as per credit bureau report) should not exceed the limits specified by RBI norms for JLG/SHG loans.

Quick Link

Policy

Offering

Our Group

Get in Touch

Copyright 2025 Swaminatham. All Rights Reserved. Developed by Dizi Global Solution

Enquiry Now

Ticket Size: 5,000 – 100,000
Loan Tenure: 1 Year
Interest Rate: Will be applicable as per extant rates as advised by ALCO
Nature of Interest Rate: Diminishing
SMS Alerts: Available at time of disbursement, and installment payment
Note: Loan features may vary depending on geography to manage risk.

Type: Unsecured loan
guarantee: Mandatory

Processing Fee: Up to 1.75% plus Service charge prescribed by Government
Life Insurance (Credit Shield): Available - rates applicable to the insurance scheme
Late repayment and prepayment - No charge

Age Limit: 25 – 65 years
Domicile Status: Own / Rented with Minimum 1 Year of stay
Nominee Required
Eligibility criteria may vary depending on geography to manage risk.

Photograph
Valid KYC – Preferably: Aadhaar card, Pan Card, Bank Passbook

AML / Credit Bureau verification
KYC Verification
Total indebtedness for the customer (as per credit bureau report) should not exceed the limits specified by RBI norms for JLG/SHG loans.