RURAL ONE MICRO FINANCE

RURAL ONE MICRO FINANCE

Group Loan

Group Loan is a unique financial solution designed to provide accessible credit to individuals who are unserved or underserved majorly for income generating activities. Whether you are a small business owner, farmer, or salaried, this loan can help you achieve financial independence and invest in your future. Rural One Finance Group loans offer funds up to ₹ 1 Lakh. Enjoy affordable interest rates, flexible repayment tenure of up to 3 years, hassle-free loan journey and more.

Eligibility Criteria

Applicants must meet the following requirements to be eligible for the loan:

  • Should fulfil KYC documents requirements
  • Age should be between 18 to 58 years
  • Should not have an adverse credit record
  • Should meet the acceptable credit norms according to Rural One Finance.
  • Should be part of a group of customers who are willing to guarantee each other for the repayment of loan

    Key Benefits

    FEATURESATTRIBUTES
    Loan Amount
    • Minimum amount is INR 15,000
    • Maximum amount is INR 50,000
    Age of Applicant
    • Between 18 to 58 years
    Loan Tenure
    • Maximum 24 months
    Security
    • Group guarantee
    Processing Fee
    • 0 – 2% plus applicable GST
    Interest Rates
    • Enjoy highly competitive interest rates ranging from 22% – 26% p.a.

    Required Documents

    • Primary ID: Aadhaar
    • Secondary ID: PAN card / Form 60
    • In case of non-availability of PAN card, customer needs to submit Form 60 along with the one of the following OVDs (Officially Valid Documents)
      • Passport
      • Voter ID card
      • Driving licence
      • NREGA (National Rural Employment Guarantee Act)
      • Letter issued by National Population Register containing details of name and address
    • Residence Proof:
      • Any of the valid KYC documents
      • Utility bill (not more than 60 days old)
    Scroll to Top