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Pragati Loan (Group Loan)
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Pragati Loan (Group Loan) is a short term joint liability for women borrowers offering loan amount up to ₹ 1.3 Lakh*. This loan is exclusively for customers who have completed an existing group loan or have closed a previous group loan with Aadhar Cash. Support your financial goals without worrying about any collaterals and with a flexible repayment period of up to 36 months. Our easy application process with fast approvals, provides quick funds.

Joint Liability Group

Loans for joint liability groups of women borrowers

Loan Amount

Avail Rural business loans, with amount up to ₹ 1.3 Lakh*

Loan Tenure

Flexible repayment period starting from 24 to 36 months

Loans for L&T Customers only

Pragati Loan is available, exclusively for existing group loan customer

Collateral Free Loans

Get loans without collateral for easy access to money when you need it

Interest Rates

Get Pragati Loans with interest rates of up to 23.5%* p.a.

emi-calculator

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹
₹60,000
₹1,30,000

Interest rate (per annum)

%
16%
23.5%

Loan tenure (months)

24 months
36 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
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Eligibility & Documents

Age requirement:

20 years to 60 years

Income Eligibility​:

Based on the income-generating capacity of the customer and co-applicant

Customer Type:

Customer who has an existing group loan

Identity Proof

PAN and any one of the following- Aadhaar Card| Driving License | Passport | Voter ID | Job card by NREGA | Letter issued by the National Population Register containing details of name and address

Address Proof

Utility bills (not older than 2 months) | Aadhaar Card | Driving License | Passport | Voter ID etc

Fees And Charges

List of all fees and charges for Pragati Loan (Group Loan)

How to Apply

Apply for Pragati Loan (Group Loan) with these steps

FAQs & Support

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What are loan tenure options for Pragati loan?

The maximum tenure for the Pragati Loan is between 24 and 36 months, allowing for flexible repayment options based on your financial situation.

What is a Pragati Loan?

Pragati Loans offers money to groups of women. These loans don’t require collateral and have an easy application process. They rely on mutual trust and social collateral, with repayment scheduled in small, manageable instalments.

What is the maximum loan amount I can get under Aadhar Cash for Pragati Loan?

The maximum amount offered for Pragati Loans by Aadhar Cash ranges up to ₹ 1,30,000.

What are the documents required for a Pragati Loan?

To apply for a Pragati Loan, certain eligibility criteria and documentation requirements must be met:
Documents:
- Aadhaar Card
- Voter ID / Ration card
Income Assessment:
- Based on the income-generating capacity of the customer and co-applicant.

What is the interest charged on Pragati Loan?

Interest rates for the Pragati Loan starts from 16% p.a.* - 23.5% p.a.*

What are the fees and charges for the Pragati Scheme?

The list of fees and charges for Pragati loan is as follows:

  • Processing Fees: 1.25% on loan Amount + applicable taxes
  • Repayment/EMI Bounce Charges: Nil
  • Penal Charge/Late Payment Charge (LPC): No Foreclosure Charges: Nil
  • Charges for documents: Nil for Statement of Account/Repayment Schedule /Foreclosure Letter

Will there be a processing fee for Pragati Financing?

Yes, the Pragati Loan includes a processing fee is 1.25% of the loan amount and may vary based on specific terms and conditions.

How can I apply for Pragati finance?

Applying for Pragati Loans (Group Loan) with these steps:
1. Fill in your application online
2. Get in touch with our representative
3. Eligibility and Document
4. Get Loan Disbursement

Explore all FAQs

Testimonials

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Rural Loan

Aadhar Cash made a huge difference for me & my farming business. I, along with 2 of my friends, got a micro loan with a quick & easy application process. The timely payments of my EMIs are manageable & my farming income has increased significantly. I'm truly grateful for Aadhar Cash's help!

Nirmala Dabi

Ratlam, Madhya Pradesh

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Micro LAP

As an assistant professor with over 10 years of experience, I found Aadhar Cash’s MLAP loan process was quick, digital and required minimal documentation. My EMI is auto-debited, and I can conveniently check my account statement and details through the PLANET app.

Mr. Udhayakumar

Rajagambiram, Tamil Nadu

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Micro LAP

I am engaged in farming and a small dairy business. When I explored financing options, the interest rates in the market were too high. With a quick home inspection and property mortgage, I secured a loan at a competitive interest rate. The process was straightforward, and funds were disbursed quickly.

Mr. Palraj

Chennai, Tamil Nadu

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Farmer Loan

My friend recommended LTF since they provide tractor loans at a lower interest rate than others, the loan process is simple, no physical documentation is required, payment was deposited the same day and I received the tractor within a week. My agricultural business has really improved thanks to the LTF.

Narayana G

Telangana

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Rural Loan

Aadhar Cash provided swift support for our 20-year-old silk handloom business. Their executive guided us through a seamless process, quickly disbursing the loan after property verification. We're thankful for their efficient and reliable service that helps us meet our daily business needs.

Mrs. Kannaga

Chennai, Tamil Nadu