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Subriddhi Loan
Subriddhi Loan
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Loan offered as liquidity support to existing micro banking borrowers to meet business requirements
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Funds available during existing loan’s active loan cycle
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Loan amount – Up to 50% of the disbursement amount of running primary loan
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Disbursement on or after 10th week of the disbursement of running primary loan
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Multiple loan tenure options
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Easy repayment in weekly instalments
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Standing Instructions facility available through your Savings Account
**Obtaining insurance offered by the bank is non-mandatory for availing any EEB loan product.
*** Group loans are sanctioned within maximum of 15 days* (within 14 working days effectively, as per regulatory requirement of credit decisioning for MSE borrowers) from the date of receiving the complete set of application and required documents.
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Current interest rate – 22.95% p.a.
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Processing fee:
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For loans up to ₹25,000: Nil
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For loans > ₹25,000: 1.25% + GST
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Click here for Mean Interest Rate.
- Existing EEB borrowers who have 1 running primary loan
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Identity proof
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Residence address proof
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Passport size photograph
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