Microfinance Loan
Microfinance customers are typically under / unbanked individuals or groups who do not have access to traditional financial resources. They are self-employed, and typically migrated and home-based entrepreneurs. In rural and urban areas, the customers are naturally those engaged in small-scale income generating activities – hawkers, petty traders, small shopkeepers, farming, food processing, etc.
Microfinance Loans have played a critical role in driving financial inclusion in India. Microfinance lenders have done this by providing easy access to formal credit to borrowers in semi-urban and rural areas.
Junoon Capital provides easy Microfinance Loans available at attractive interest rates. Avail a loan up to Rs. Rs.75000/- through a modest process with minimal documentation.
Get flexible tenures up to 36 months and repay your Microfinance loan EMI as per your convenience.
We help promising women entrepreneurs to be self-sufficient
Enhanced revenue-
These small loans help women borrowers get admittance to key agricultural contributions such as seeds and fertilizers for increasing crop productivity and generating more income from the market as well as petty traders, hawkers, micro manufacturer. The loans also help clients involved in farming-allied and other small activities improve their incomes.
HOW TO APPLY?
Visit our Branch
One of the ways to apply for a Microfinance Loan is to visit one of our country-wide MFI branches and our representatives will walk you through the entire process.
Call us
Applying for a Microfinance Loan at Junoon Capital is just a phone call away! Simply contact us at 9311343335 and we will guide you through the process.
REQUEST A CALL BACK
Contact our Representatives
Our representatives visit villages/slums/towns/ three tier cities/ as well as we offer to familiarize themselves with the environment in which they will be working. They identify prospective clientele and explain the purpose and functions to them. LOCATE A BRANCH
What are the Microfinance Loan EMI options available?
- Bi-Monthly Microfinance Loan EMI is a static payment made by the debtor to a creditor on a specified date, starting 14 days from the disbursement date. EMIs are applied to both the interest and principal components over the tenure of the loan.
- Monthly EMI is a fixed payment made by borrower to a lender on a specified date of each month.
- Weekly EMI is a fixed payment made by client to the company on specified date of each JLG weekly meeting date in which all clients are present and the loan officer is also present in meeting and after documentation the loan officer collects the payment from them and deposits the same at branch.
Lending model – JLG
Minimum members in JLG – 5
JLG Member background – Must be women, Self-Business/new business in local market/shop,
How to Apply
- Step 1: Click on the ‘Enquiry Now’ button on our website.
- Step 2: Select Category
- Step 3: Enter basic information and submit
- Step 4: Our Customer Care will connect you and refer to Credit Team
- Step 5: Credit Team Contact you and process the loan.
Customer
- Own business
- Agreed to NACH/ECS and Geo Tag of Business and House premises
Platform / T&C
- Offline/Branch
Loan
- Rs.25000/- to 75000/-
- Tenure upto 18 months
- Weekly/Bimonthly/Monthly Repayment
- Processing Fee-10% +GST
- Interest Rate upto 34% annum
- Late payment– Rs.50/- per day, but not more than Rs.1500/-
- Loan Insurance