Loan against Remittances
Thardeep microfinance foundation is offering the loans against remittances to the families of those whose family members are working abroad and could not send the money on time to them. Even they themselves could apply for the loan before going to abroad. Loan terms and conditions are here under,
Loan Eligibility |
|
Lending Methodology | Individual |
Loan Amount | Minimum Loan Amount: 50000 Maximum Loan Amount: 500000 |
Loan Duration | Minimum: 06 months Maximum: 12 Months |
Repayment Frequency | Lump-sum |
Collateral/Tangible Guarantee | Up to Loan amount of Rs. 100,000 Requirement of Guarantor Non-Family Member Bank cheques and statement as per loan policy and procedure Guarantor must be a Government employee or Market shop keeper |
Disbursement and Recovery | Bio metric disbursement in 1 to 3 days after the appraisal Easy repayment through ADCS channel and Mobile account |
Insurance | Client Life covered as per loan Amount |