Self Help Group Loan
Right Micro Finance Self Help Group Loan is designed to extend loan facilities to women, with the objective of helping them meet their financial needs.
Key Benefits
Features
Loan Amount
Minimum amount is INR 5,000
Maximum amount is INR 50,000
Age of Applicant
Between 18 to 50 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% - 24% p.a.
Eligibility Criteria
Applicants must meet the following requirements to be eligible for the loan:
Existing customers of Right Micro Finance who have completed 12 months
Should fulfill KYC documents requirements
Age should be between 18 to 50 years
Should not have an adverse credit record
Should meet the acceptable credit norms according to Right Micro Finance
Should be part of a group of customers who are willing to guarantee each other for the repayment of loan
How to apply?
Visit the nearest branch of Right Micro Finance and our Loan Executive will guide you on the application process.
Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.
Required Documents
Primary ID: Aadhaar card
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
For Terms and Conditions, please contact the nearest Right Micro Finance branch.