Secure/Pension Loan
Thardeep Microfinance foundation offers a pension loan to retired government employees. The loans may be utilized for the various purposes which enabling them to bridge up their financial shortages.
Loan Eligibility |
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Lending Methodology | Individual |
Loan Amount | Minimum Loan Amount: 50000 Maximum Loan Amount: 300000 |
Loan Duration | Minimum: 12 months Maximum: 24 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 |