Group Loan
The small group loan is a business credit facility that is designed to finance groups of 5 to 10 entrepreneurs. This loan is provided to groups of entrepreneurs with valid individual businesses.
- TERMS & CONDITIONS:-In case the borrower does not daily installment a penalty of 5% has to be paid along with next days installment.
- Not payment of full loan by due date will attract 10 % penalty per month As per as guide line Nidhi company under section 406 company 2013.
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Frequently Asked Questions
The group loan is a business credit facility that is designed to finance groups of 5 to 10 entrepreneurs. This loan is provided to groups of entrepreneurs with valid individual businesses.
group reputation is at stake and future access to credit for members depends on individuals paying off their loans.
- The other important advantage group lending provides is linked to the way it works, through peer pressure
- Peer pressure from group lending ensures this.
Business Loan
A business loan is a kind of financing you can avail to meet the urgent needs of your growing business.If you need funding to expand your existing business, buy machinery, or boost production, look no further than a Sundhuja India Business Loan.Avail financing at attractive interest rates, borrow capital without pledging any of your assets, and get access to credit that can be repaid over a specific period of time
TERMS & CONDITIONS:-
The amount will be minimum 5000/- thousand and Maximum of Rs.50000/-
The loan period will be three month to six month.
The loan will be paid back by daily installment.