How to take Indusind Bank Women Group Loan: If it comes to taking women’s group loan, then Indusind Bank is no less than anyone. Through this bank, women can start their business, start new startup, meet their personal needs. For this, you can take Micro-Finance Loans to become self-reliant (Indusind Bank Microfinance Group Loan).
To take this loan, a loan can be taken by forming a group of 12 to 15 women. A loan of ₹ 30000 to ₹ 50000 can be done under Women Group Loan.
If you are a woman and you want to take a loan by forming a group, then this article will be very helpful for you. Here we have given information about Women Group Loans offered by Indusind Bank such as what is Indusind Bank Mahila Group Loan, how to take it, what are the eligibility criteria to take the loan, what are the documents required, For how long you can take a loan, what things should be kept in mind while taking a loan, etc. If you will provide other information, then keep reading this article with us till the end.
Indusind Bank Group Loan For Women
To take a women’s group loan from Indusind Bank, first a group of 12 to 15 women will have to be formed and then they will have to be persuaded to take the loan. If all is correct then you can go to your nearest Indusind Bank branch for Micro Finance Loan. To take a loan, you will have to verify your group and all your documents in the bank, then only the loan amount will be available.
Indusind Bank Microfinance Group Loan
Before taking a women’s group loan from Indusind Bank, you can read the overview given here, which will give you an idea whether you should take a loan or not. Loan from Indusind Bank can be applied both online and offline. Let us know about Indusind Bank Mahila Group Loan:
|Loan Name||Micro finance loan|
|Name of the Loan company||Indusind bank|
|Minimum age for taking Indusind Bank Women Group Loan||Over 18 years|
|Documents Required||PAN Card, Aadhar Card, Income Proof, Address Proof etc.|
|Interest Rate||From 8.75%; Starting at 24.70% p.a. interest rate|
|Loan Submission Timings||36 months to 4 years|
|How much get will Indusind Bank Mahila Group Loan?||₹30000 to ₹50000|
|How to Apply Indusind Bank Women Group Loan||Online Mode / Offline Mode|
Documents Required to Indusind Bank Women Group Loan
If you are a woman and want to take Benefits of women group loan from Indusind Bank to start your business, then you will need some documents which are as follows:
|Sr No||Documents Required|
|1||Hand Filled Bandhan Bank Application Form|
|2||Will need a group of 12 to 15 women|
|6||A joint photo with family|
|8||Bank statement of last 6 months|
|9||Bank account number|
Indusind Bank Microfinance Group Loan Eligibility
Some terms and conditions have been made by Indusind Bank to take women group loan, which is very important to follow. If you will follow these terms and conditions then you can easily get loan with the help of Indusind Bank.
- The applicant woman must be an Indian citizen.
- The age of the female present in the group should be between 18 years to 65 years.
- Identity proof like Aadhar card PAN card will be required to take loan.
- To apply for the loan, the application form given by Indusind Bank must be filled by hand.
- 12 to 15 women will be required to take the loan.
- Loan verification, the woman will also have to provide a joint photo with any of her family members.
- A mobile number and a smartphone internet connection will be required to avail an online loan.
Note: That the bank may demand other terms of condition according to its terms and conditions, so to apply for the loan, go to your nearest Indusind Bank branch and apply the loan there.
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Indusind Bank Microfinance Group Loan Interest rate
Mahila Group Loan interest rate from Indusind Bank starts from 8.75% to 24.70% p.a. interest rate per annum. Various types of loans are given by Indusind Bank to empower women where the interest rates vary.
Minimum Mean Maximum
8.75 % p.a. 20.25 % p.a 24.70 % p.a
Indusind Bank Microfinance Group Loan Fees & Charges
There are some other charges to be paid for taking Indusind Bank Mahila Group Loan which are as follows:
Processing Fee – 1% of the loan amount will be charged and the processing fee is applicable only for loans above Rs.25000.
Taking Credit Shield Insurance Group Loan will also attract a Credit Shield Insurance fee of ₹ 700.
Note: Fees and charges may vary from product type/plan chosen by the customers and may differ from BC to BC.
How to Apply for Indusind Bank Women Group Loan?
The safest way to apply for Mahila Group Loan in Indusind Bank is to visit your nearest Indusind Bank branch and submit your documents and get the loan amount.
Step1. First of all go to Indusind Bank branch.
Step2. Ask the officer present in the bank about taking a women’s group loan.
Step3. Take the application form from the branch, now submit all the information from your hand which is asked in the application form.
Step4. After this, all the documents of your group and your documents.
Step5. After that submit the application form to the bank.
Step6. Indusind Bank employees will verify the loan taken by you.
Step7. As soon as your loan is verified.
Step8. After this you will be offered a credit limit.
Step9. Now the loan amount will be transferred to your bank account within a week.
How Many Types of Women Group loans can be taken from Indusind Bank?
Indusind Bank offers different types of loans keeping in mind the needs of women where the loan amount is high and the interest rate is also low. Indusind Bank offers the following types of women group loans which are as follows:
- Personal loan
- Gold loan
- Msme loan
- Business loan
- Vehicle loan
- Education loan
- PM SVANidhi Loan
Indusind Bank Loan For Women Contact Number
If there is any problem in taking Indusind Bank Group Loan or if you have any kind of doubt which is not available on the internet, then you can take advantage of the customer care service here.
Call Us: 18602677777
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Through this article, we are just giving you the information. It is your own choice to apply for the loan or not, we do not provide the facility of giving loan in any way here, but we provide information related to the loan.
I hope today’s article has been very helpful for you, where we have given information about taking women group loan from Indusind Bank. If you want to ask us any kind of question or if you have any kind of doubt, then you can give your opinion in the comment box below and follow us on social media platform for more information.