Business Loan for Individuals
Right Micro Finance business Loan for Individuals is a loan offering for existing customers and is designed to assist ambitious business owners who are looking to expand their business. The objective is to fuel their growth and help them achieve their goals.
Key Benefits
Features
Loan Amount
Minimum amount is INR 30,000
Maximum amount is INR 2 lakhs
Salient Features
No collaterals required
Loan disbursement into account
Attractive Interest Rates
Enjoy highly competitive interest rates of 18% - 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
Successfully running the business since last 2 years
How to apply?
Visit the nearest branch of Right Micro Finance and our Relationship Manager will guide you on the application process.
You can also contact us and our Customer Care Executive will fix a service appointment with our Relationship Manager 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.