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Solidarity Group Loan
We all have aspirations and dreams to accomplish and many a time it so happens that we end up compromising. Further, one of the biggest hurdles faced by women is raising funds for a business idea. The business idea could be as simple as ‘opening a small shop’ or getting involved in several other small activities.
In an unfortunate scenario, many firms refuse to give loans to women owing to their low income. Understanding these needs of women, SMFG India Credit offers Solidarity Group Loan which empowers rural women, who can form a group and avail the financial aid without worrying about their income. Our Solidarity Group Loan is a special offering for women that gives them an opportunity to pursue their dreams and become financially independent.
Features & Benefits
Small Amounts Offered
The Solidarity Group Loan offers an amount from INR 23,000 to 90,000
Short-Term Loan
The tenure of the loan is in the range of 18 to 24 months
Especially For Women Only
The special loan can be easily availed only by women
No Collateral Required
Women can apply for the loan without worrying about providing a security
Apply for Solidarity Group Loan
This product is exclusive to rural customers. To apply for a Solidarity Group Loan, please visit your nearest branch. Please note that only rural branches of SMFG India Credit offer this product. We advise you to contact our customer care and plan your visit accordingly.
Find Your Nearest BranchContact UsThese are the eligibility criteria you must fulfil before availing this loan:
- Should be at least 21 years old (at the time of application) and less than or equal to 65 years (at the end of the loan tenor)
- Customer should have own residence with minimum residence stability of at least 2 years
- Should have a valid Mobile number
- Please visit the page to know about Interest Rates
- Please visit the page to know about Fees & Charges
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Document Type |
Particulars |
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Proof of Identity And Proof of Address (any one) |
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Please note that in case of co-applicants/nominee, basic documents such as PAN, KYC documents, etc., will also be required.
The above list is indicative. Depending on the specific loan product, your profile, and our policy at the time of loan application, additional documents may be requested.
Note:
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Originals of address proofs, ID proofs, and other documents are required for onsite verification; exceptions may apply in cases of digital KYC.
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One of the Deemed OVDs may be submitted if the address proof provided does not mention the applicant’s current address. Click here for the complete list.
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An OVD with the customer’s updated address must be furnished within three months of submitting the address proof document.
How To Apply
1
Fill up your
form online
2
Check your eligibility
in a minute
3
Upload documents
for Verification
4
Post verification, loan will be approved and disbursed in your account
Page also available in: हिन्दी - Hindi
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
This facility is currently unavailable. We regret the inconvenience caused. In case of any queries, please call us on 18001036001 or write to us at [email protected]
Insurance disclaimer SMICC is registered with the Insurance Regulatory and Development Authority of India (IRDAI) as a Corporate Agent. IRDAI Registration No.: [CA0098] CIN No. U65191TN1994PLC079235. The insurance policy is a contract between the customer and the insurance company, and policy is underwritten by insurance companies. SMICC acts only as the distributor and is not responsible for any risk, policy issuance, claim settlement/repudiation etc. Insurance is the subject matter of solicitation. Purchase of insurance is voluntary and subject to insurer underwriting and policy terms and conditions. Customers are advised to read the policy terms and conditions, benefits, exclusions, claim settlement carefully before purchase. Kindly note that “Insurance Products” are not mandatory for the purpose of the application and disbursement of loan. It shall be the sole discretion of the customer, by providing explicit consent, to avail such insurance along with the Loan.
Beware of Spurious calls/ Fraud phone calls IRDAI is not involved in activities like selling Insurance policies, announcing bonus or investment of premium. Public receiving such phone calls are requested to lodge a police complaint.