DAILY LOAN

Loans which are paid to shops for business enhancement ranging from 10000 to 100,000/ ranging from 100 days to 300 days. Ideally, the repayments will be for 100 working days and the collections will be made daily from the shops by staff directly and through Business Correspondents. Loans are provided to individuals with shops with a minimum vintage of 1 year and basis experience and the loans will be provided based on the assessment done in the shops on the inventory. Customers with good credit history and repayment capacity can enhance their business by using Business Daily Loans.

• Should be a member of the society.
• Suitable for large/medium small shops and establishments who are in urgent need of working capital without producing books of accounts, ITR, etc.
• Maximum and minimum loan amount Rs.10,000.00 to Rs.1,00,000.00
• Tenure 6 months in a daily collection mode
• Guarantor: One close relative with minimum assets of Rs 10.00 Lacs
• KYC and proof of residence of shop owner and guarantor, License of the shop, copy of rent agreement if situated in a leased building, etc.
• In all categories fastest processing and direct-to-bank A/c disbursements are assured.