Features
Eligibility
Existing and new SHG and JLG with a minimum of five members
Should have a regular repayment track record or must exhibit consistent savings in the savings account
Bureau check is mandatory
Fair Practices Code (FPC)
A microfinance loan is defined as a collateral-free loan given to a household having annual household income upto ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children”.
Customers are being provided loan basis their income stability and repayment capacity.
SHG and JLG Loan processing and disbursement will take at least 10 working days post submission of all requisite documents and information as may be required by the Bank as per Bank's criteria. All loan approvals are at the sole discretion of the bank.
How to apply?
Visit your nearest HDFC Bank Branch
Terms and conditions apply.