||Rs. 12000 to 80000
||IGL- Income Generation Loan
MTL- Mid Term Loan
|Rate of Interest
||Maxium interest rate - 24%
Minmum interest rate - 24%
Average interest rate - 24%
*Interest rate linked with 1 year MCLR with no reset
||Processing fee is 1% plus GST rounded to lower multiple of 100 to be charged to the customers for all the loans above Rs. 25000. No Pre-payment or Foreclosure charges
||Customer and spouse/blood relative both covered against the loan amount if customer opts. Insurance premium to be borne by the customer.
|Purpose of loan
||Income generating activities and Social needs like housing, education, marriage, sanitation, etc.
||Customers have to form a Joint Liability Group to avail the loan. Each group member assumes the liability for the loans of all other members in the group.
||Click here for Application form
||Click here for Agreement form
|Customer redressal toll free no
||Axis Bank branches
Individuals those are eligible for Sahyog loans are
- Rural and semi urban & urban women
- Age of the customers should be Minimum 18 years and maximum 60 years till the end of loan tenure.
|Fair Practice Code for Retail Microfinance
||Click here for FPC