Group Loan — Support for community & small enterprises

Fast group loans with minimal documentation

Obtain group loans without security or guarantor — ideal for SHGs, community groups, women's collectives, and small business clusters. Quick disbursal (usually within 72 hours* after documents), predictable interest, and easy EMIs make it simple for groups to meet working capital, equipment, event, or emergency needs.

Questions? Contact Us

Key Features

  • Multi-purpose group loans for SHGs and community groups.
  • Fixed interest rates; interest charged on monthly reducing balance.
  • Tenures flexible up to 60 months depending on product.
  • No collateral; group guarantee model (peer support & checks).
  • Easy repayment via ECS / Auto-debit or PDC.

Use Cases

  • Group working capital for micro-enterprises.
  • Purchase of collective equipment/tools.
  • Seasonal stock & inventory financing.
  • Community events, training, or small infrastructure.
  • Short-term emergency funds for group members.

Rates & Representative Example

Tenure Interest Rate (p.a.) Representative Example
Up to 12 months 15% Group loan ₹1,00,000 — EMI and total depend on chosen method (flat/reducing).
13–24 months 17.5% Group loan ₹1,00,000 — flexible payments by agreement.
25–60 months 20% Longer tenure options for equipment or infrastructure loans.

Representative calculation: For clarity, we provide examples on request. Exact EMI and total payable depend on whether flat-rate or reducing-balance method is used — we provide both quotes at application time.

1. Group Formation

Register the group and complete basic KYC for members.

2. Documentation

Minimal documents: ID, address, group declaration and basic income proof.

3. Disbursement

Loan approved and disbursed, typically within 72 hours after verification.