Micro Finance

SHREE MSBI NIDHI LIMITED Micro Loans: Apply for Micro Credit or Micro Finance Loans online at SHREE MSBI NIDHI LIMITED and get attractive interest rates, easy EMI option

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Features & Benefits-

1. Loan amount: ₹5,000 - ₹1,00,000.
2. Rate of Interest: 21.90% to 22.10% per annum on a reducing balance method (governed by the MCLR based pricing policy of the bank)
3. Processing Fee: 1.2% of loan amount (excluding applicable GST) (applicable for loans above ₹25,000).
4. Tenure: 6/12/18/24/30/36 months

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Terms & Conditions:-

1. The rate of interest will be @ 15.75% to 18.5% per year.
2. Avail loan amount ranging from Rs. 1000 to 2 Lakhs.
3. Two colored photographs of borrower and his/her ID proof are required.
4. The loan interest will be paid on monthly basis.
5. The borrower has to provide an affidavit declaring the ownership of the ornaments.
6. In case the borrower does not pay the interest a penalty of 5% has to be paid along with next interest installment.

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Micro Finance - Documents:

1. Filled and updated application form.
2. PAN card, passport copy, ration card.
3. Proof of office address.
4. Passport-size photographs of the applicants and co-applicants.
5. Repayment history.
6. Audited financials of the last two years.