SHG (Self Help Group) Loan

Purpose

1. To provide thrift, credit and other financial services to the poor in all areas enabling them to raise their income levels and standard of living.

Who are Eligible?

1. Self Help Groups (SHG)
   1. The members of a particular group should not be members of any other group.
   2. The group does not have account with any other bank and If the account is transferred from any other bank, "No due certificate" to be obtained.
   3. The group savings should have been revolved amongst the members for at least six months.
   4. Money in the group should be lend equally among the group members, if any one of the particular person is lend with more money then, this may lead to domination of a single member with higher savings.

Repayment

1. For Term Loan - maximum 60 EMIs.

NOTE: Interest Rate is subject to change. Visit nearest branch to know current Interest Rate.