Welcome to Shagun Micro Finance Association
[email protected]
CIN :- U67190UP2016NPL087150
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Group Loan
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Loan Against Deposit
Type
Code
No. OF EMI
Mode of Repayment
Loan Amount
EMI Amount [10,000]
File Charges
Group Loan
GL
100/200
Daily
10000 TO 50000 Per Member
110/60
[ 10000 - 25000 ] - 500
[ 25001 - 50000 ] - 1,000
Above 50000 - 2%
12/24
Weekly
950/480
Group Loan Terms & Conditions
Must be member of shagun micro finance association
Minimum 2 and maximum 10 members.
Guarantor should not be group member
General Terms & Conditions
One person can be guarantor in multiple loan subject to emi amount of all loans not exceeding his monthly income.
In case of default loans the guarantor will be liable for the recovery.
One person can apply for second loan after settlement of first loan.
Loan will be disbursed after deduction of file charges.
Person having un-settled loan cannot be a guarantor.
Any loan guaranted by this guarantor should not be default.
If any person applies for 2nd loan after sucessfully completing of 1st loan,No File Charge will be taken,only 2% Processing fee is applicable
[email protected]
+91 7376446330