Income Generation Loan

Margdarshak’s  A Unique loan product especially designed for low-income households to extend loan facilities to women, with the objective of helping them meet their financial needs.

Loan Amount:          INR 20,000 – 30,000

Age of Applicant:     Between 18 to 58 years

Loan Tenure:            Maximum 24 months

Security:                    Group guarantee

Processing Fee:        1% plus applicable GST

Interest Rates:

  • 24.81%  for MFSL loans (applicable for quarter Oct-Dec 2018) on reducing balance
  • 24% for IDBI Bank loans
  • 26% for Reliance loans

15-18 months

Other Charges:         LPF: 1% of Loan amount with applicable taxes

Insurance Premium: as  per Actuals

 

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 Margdarshak Financial Services Ltd
  • Should be part of a group of customers who are willing to guarantee each other for the repayment of loan

How to Apply

  • Visit the nearest branchof Margdarshak Financial Services Ltd and our Customer Relationship Manager will guide you on the application process.
  • Contact usand our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

  • Primary ID: Aadhaar
  • Secondary ID: Voter ID card

For Terms and Conditions, please contact the nearest Margdarshak Financial Services Ltd Bank branch.

Home Improvement Loan

Home Improvement Loan from Margdarshak Financial Services Ltd is designed to help out all home improvement tasks. This loan offering is for existing customers and provides the desired funds at attractive interest rates.

Loan Amount:          INR 50,000 – 75,000

Age of Applicant:     Between 18 to 58 years

Loan Tenure:            Maximum 24 months

Processing Fee:        1% plus applicable GST

Interest Rates:         23%

Other Charges:         LPF: 1% of Loan amount with applicable taxes

Insurance Premium:  as  per Actuals

Eligibility Criteria

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

  • Existing customers of Margdarshak Financial Services Ltd who have completed 18 months
  • House owner

How to Apply

  • Visit the nearest branchof Margdarshak Financial Services Ltd and our Customer Relationship Manager will guide you on the application process.
  • Contact usand our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

  • Primary ID: Aadhaar
  • Secondary ID: Voter ID card

For Terms and Conditions, please contact the nearest Margdarshak Financial Services Ltd Bank branch.

Business-Loan

MSME Loan

Collateral-free funds with easy online application process and quick approval

Loan Amount:          INR 1,00,000 – 2,00,000

Age of Applicant:     Between 18 to 58 years

Loan Tenure:            36-48 months

Processing Fee:        1% plus applicable GST

Interest Rates:         26.75%

Other Charges:         LPF: 1% of Loan amount with applicable taxes

Insurance Premium:  as  per Actuals

 

Eligibility Criteria

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

  • Existing customers of Margdarshak Financial Services Ltd who have completed 18 months
  • Successfully running the business since last 2 years

How to Apply

  • Visit the nearest branchof Margdarshak Financial Services Ltd and our Customer Relationship Manager will guide you on the application process.
  • Contact usand our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

Required Documents

  • Primary ID: Aadhaar
  • Secondary ID: Voter ID card

For Terms and Conditions, please contact the nearest Margdarshak Financial Services Ltd Bank branch.