|Rs. 12000 to 80000
|IGL- Income Generation Loan
MTL- Mid Term Loan
|Rate of Interest
|Maxium interest rate – 24.50%
Minimum interest rate – 23.50%
*Interest rate linked with 1 year MCLR with no reset
|Processing fee is 1% plus GST rounded to lower multiple of 10 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.
|Customer and/or Spouse or close relative covered for hospitalization for specific period & Amount in a year, if customer opts for the Product. Applicable Insurance Premium to be borne by the customer.
|Stamp Duty & other statutory document charges
applicable laws of state
|Purpose of loan
|Income generating activities and Social needs like housing, education, marriage, sanitation,
|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
|Fair Practice Code for Retail Microfinance
|Click here for FPC