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Vikaas Loan (Group Loan)
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Vikaas Loan, an offering for joint liability group of women borrowers for up to ₹ 45,000*. With interest rate of up to 23.5%*p.a. and repayment period of 24 months, this loan is designed to fit your financial needs. The Vikaas Loan provides an easy application process with fast approvals, helping you access funds quickly. Support your financial goals with the Vikaas Loan, a dependable option for women borrowers in rural areas.

Joint Liability Group

Loans for joint liability groups of women borrowers

Loan Amount

Avail Rural business loans online starting with up to ₹ 45,000*

Loan Tenure

Vikaas Loan offers a repayment period of 24 month

Interest Rates

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

Collateral Free Loans

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

Online Process

Apply online with help from our relationship manager for an easy process

emi-calculator

EMI Calculator

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

Preferred loan amount

₹
₹0
₹45,000

Interest rate (per annum)

%
16%
23.5%

Loan tenure (months)

1 months
24 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
Apply Now

Eligibility & Documents

Age Criteria:

20 years - 60 years

Customer Segment:

Women borrowers

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​

Income Proof

Any Valid income proof

Fees And Charges

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

How to Apply

Apply for Vikaas Loan (Group Loan) with these steps

FAQs & Support

View all

Who is eligible to apply for the Vikaas Loan?

Women borrowers, aged between 20 and 60 years, who are first time members of joint liability groups in rural areas are eligible for a Vikaas Loan.

How does Vikaas Loan work?

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

What is the minimum and maximum loan amount offered under the Vikaas Loan scheme?

The minimum loan amount is offered under the Vikaas Loan scheme is ₹ 15,000 and the maximum is upto ₹ 45,000.

How is the EMI for Vikaas Loan Calculated?

The EMI for a Vikaas Loan is calculated based on the loan amount, interest rate, and tenure. A standard formula is used to determine the fixed monthly installment.

What are the benefits of Vikaas Loans?

Vikaas Loans provide many benefits, including access to funds for small rural businesses run by women entrepreneurs. They offer quick disbursement, flexible repayment terms, and usually do not require collateral. These loans also help build credit history and promote financial inclusion.

Are there any special interest rate offers for Vikaas Loan?

You can call our customer care representatives to know about any promotional interest rates.

What are the repayment options for Vikaas Loans?

Vikaas Loan repayment options include monthly EMIs. Borrowers can also repay through various modes, such as bank transfers, online payments, or branch.

Can I apply for a Vikaas Loan if I am self-employed?

Yes, self-employed women with a steady income are eligible.

How does Vikaas Loans impact my credit score?

Repaying Vikaas Loans on time can positively impact your credit score by demonstrating financial responsibility and creditworthiness. Conversely, defaulting on repayments can negatively affect your credit score.

Can I apply for a Vikaas Loan if I have a low credit score?

Yes, you can apply for a Vikaas Loan with a low credit score. Loan amount will be subjected to your final assesment.

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