Personal Loan

SHREE MSBI NIDHI LIMITED Members can get advances under the Personal loan repayment scheme. This scheme is to encourage the members to start income generation ventures and repay the loan on Personal basis. The loan period can be a minimum of 90 days and maximum period is 180 days. The loan amount is maximum of the total investment in the company.

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Features & Benefits-

1. Availed for any amount between Rs.1,000 to a maximum of Rs. 2 Lakhs.
2. Hassle-free quick processing of loans.
3. Minimum documentation and quick disbursal
4. Simplified Paperwork.
5. Easy Payment options.
6. ATL - Anytime Liquidity
7. No EMI, Service only Interest and enjoy the Loan facility

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Terms & Conditions:-

1. The loan period will be for three or six months.
2. The loan amount will be maximum of Rs. 100,000/-
3. A person having Personal loan will be admissible for D.L.S.
4. The borrower must have saving account with SHREE MSBI NIDHI LIMITED
5. The loan will be paid back by Personal installments

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Personal Loan - Eligibility:

For Personal Loans, the loan rate of interest will be a standard rate of interest. There will be 2% additional charges will be applicable for SHG loans in addition to the standard loan processing charges.

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Personal Loan Scheme- Documents:

To abide by the KYC (Know Your Customer) Policy of RBI and approved KYC norms of our Company, we insist to produce one document of identity proof (Such as Ration Card with photo, Driving License, PAN Card, Voter ID card, Passport, Aadhar Card etc.) and one document of residential address proof (Such as Telephone Bill, Electricity Bill, Water Bill, Bank account / Credit Card Statement, Municipal / Local/House Tax Bill / Receipt, Authentic Rent Receipt / Lease Document, Letter from reputed employer/ Public Authority).There are no end-use restrictions in Personal loans.