Our micro loans help integrate the hitherto under-served and unserved segments with all banking services. These loans are designed to provide you solutions to meet your diverse needs. Products under micro loans include individual and group loans. They boost your efforts to gain financial independence and help you fulfil all your aspirations.
Facilitating your integration with mainstream banking in this way is helping us realise our vision of seeing every Indian with a bank account. We truly believe that your dream is our dream and your goal is ours and the fulfilment of your aspirations is our motivation to excel.
These are loans given at moderate interest rates under the Joint Liability Group (JLG) model. Based on the nature and purpose of your needs, you can pick a suitable option from the following products:
We strive to support you in all your endeavours. Whether you are looking to renovate your house or expand your business, we offer you Individual Loans - ranging from ₹51,000 to ₹2,00,000 - to meet all your financial needs. These are purpose-based loans, which are given to individuals without any group guarantee.
Based on your need, you can choose an option from the following products:
In view of the economic distress caused by the COVID-19 pandemic, the Finance Ministry unveiled a Rs. 20 Lakh Crore comprehensive package, known as the Emergency Credit Line Guarantee Scheme (ECLGS). This package is in aid of Micro, Small and Medium Enterprises (MSMEs) sector, addressing working capital needs, operational liabilities and restart business impacted due the COVID-19 crisis.
This scheme is available up to June 30th, 2021, or on reaching the threshold stipulated by the Government of India under the Emergency Credit Line Guarantee Scheme (ECLGS). The working capital term loan (WCTL) comes with a tenure of 48 months, with a principal moratorium for the first 12 months.
Borrowers with up to Rs. 25 Crore outstanding as on Feb 29, 2020 and up to Rs..100 Crore annual turnover for FY 2020 are eligible for this scheme. Business Enterprises, MSMEs constituted as Proprietorship, Partnership, registered company, trusts and Limited Liability Partnerships (LLPs) shall also be eligible. Borrower accounts which had NPA or SMA-2 status as on Feb 29, 2020 shall not be eligible under the scheme.
20% of the total outstanding credit of borrowers can be sanctioned as a loan under the Guaranteed Emergency Credit Line (GECL), for those who having a loan as on Feb 29, 2020.
Processing charges, foreclosure and prepayment charges will be waived. No collateral is required for this scheme.
FAQ on Emergency Credit Line Guarantee Scheme. Click Here
More details, you may visit NCGTC site at www.ncgtc.in
*NOTE: Applicable taxes shall be levied on all Fees and Charges specified above. All Fees, Charges and Tax are non-refundable.