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DAILY LOAN SCHEME (PIGMY LOAN)

  • Loan limit- 10,000 to 1,00,000
  • Rate of interest -5%
  • Processing fee – 2%
  • Documentation charge – 1%
  • Tenure period – 100 days
  • Penalty charge – 2 rs per day (on due)
  • Eligibility for loans – minimum 30 days savings
  • Existing business pax are eligible for loan (ex:saloon, tailoring shop etc…)
  • Age limit 18 to 58
  • Loan processing period will be 15 days.
ELIGIBLITY CRETERIA FOR LOAN
DAILY SAVINGS TOTAL MIN SAVINGS LOAN ELIGIBLITY
100 3000 10000
200 6000 20000
500 15000 50000
1000 30000 100000