Loan Against Salary
A loan product which has designed to fulfil the financial needs of the salaried persons to manage their financial activities like, education of children, Health issues, House repairs or for any other reason. Therefore, Thardeep Microfinance Foundation has started loan services to the private, Semi Government and Government employees to fulfil their needs. Therefore, in such circumstances, they can take a loan on easy terms and conditions which are given below,
Education Laon covers:
- For payment of school fees and related expenses
- Established private schools Renovation
- Purchasing of School assets
| Loan Eligibility |
|
| Lending Methodology | Individual |
| Loan Amount | Minimum Loan Amount: 50000 Maximum Loan Amount: 500000 |
| Loan Duration | Minimum: 12 months Maximum: 36 Months |
| Repayment Frequency | Equal monthly based installments |
| 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 |