cryptocurrency exchangesbuy essaysThese loans are aimed at the weaker sections of the society who do not have the means or the required paperwork to obtain funds from Banks or other financial institutions, to meet their credit requirements. Obtaining funds through micro loans is an easy as well as a less time-consuming process with a Turn Around Time (TAT) of 24hrs** and requires minimal paperwork (KYC* Documents required.
Documents Required:
Pencard
Aadher Card
Driving Licence
| Name of the loan product | Micro Loan |
|---|---|
| Term of loan | 1 year |
| Maximum loan size | Rs.25,000 |
| Minimum loan size | As per requirement of borrower | Security, if any | Cross Guarantee between borrowers |
| Repayment policy | Equated Monthly Instalment |
| Loan processing fees | 5% of Loan amount + GST |
| Any other fees | Nil |
| Cheque Bounce Charge | 300+GST |
| Collection Charge | If Cheque Bounce And EMI Collect By Executive 300+GST Per Visit |