About our loans
A group loan is given to 5–10 members who form a group and guarantee each other; each member receives her own loan. A weekly loan can be taken individually or within a group, and its defining feature is the repayment — a small fixed amount collected every week. Many customers take a group loan and choose weekly repayment.
Group loans are typically in the range of ₹20,000 – ₹1,00,000 and weekly loans in the range of ₹10,000 – ₹50,000. The actual amount sanctioned depends on your income, existing obligations, the group's assessment and our credit policy.
No. Both products are collateral-free. Security comes from the group guarantee and from careful assessment of your repayment capacity.
Our loans are intended for income-generating activity — stock, tools, equipment, livestock or business expansion. Please tell our officer the real purpose at the time of applying, so that the right product and amount are recommended.
Eligibility & documents
Applicants aged roughly 21 to 58, resident in our service area, with a running business or a steady income source, and a satisfactory repayment record with other lenders.
Aadhaar card, PAN card or Form 60, two passport-size photographs, address proof (ration card, voter ID or utility bill), and a bank passbook copy. Business proof is helpful where available. Our field officer gives you a written checklist.
Yes, in most cases Form 60 can be submitted where PAN is not available. Please discuss this with our officer at the time of document collection.
Usually 5 to 10 members from the same village or mohalla who know each other well. Two members from the same household are normally not allowed in the same group.
Interest, charges & repayment
The rate is decided case by case, based on the product, loan amount, tenure and assessment. Whatever rate applies to you is stated clearly in writing in your sanction letter before disbursement — we do not quote one rate verbally and charge another.
There may be a processing fee and, in some cases, an insurance or documentation charge. Every applicable charge is disclosed to you in writing before you sign. If a charge was not disclosed, it is not payable.
Repayment begins as stated in your schedule — weekly on a fixed day, or monthly on a fixed date. Collections are generally done in person by our field officer, and every instalment is entered in your repayment card.
Yes. Prepayment and foreclosure are allowed, and the applicable terms are explained to you upfront at the time of sanction.
Please inform your field officer or call our office as soon as you know there is a problem. Genuine difficulties are far easier to resolve when raised early. Repeated default affects the whole group's eligibility for the next cycle.
Safety & complaints
Never. No employee or agent is permitted to demand any cash payment before your loan is approved and documented. If anyone asks you for money in our name, do not pay — call the head office immediately on 9682925255.
Your documents are used only for processing your loan and meeting legal requirements. We do not sell or share your personal details for marketing. See our Privacy Policy for details.
Call 9682925255 or write to devomahesh8545@gmail.com with your name, mobile number and loan details. You may also visit the head office during working hours.
Yes. Submitting the online form costs nothing and creates no obligation on you. It simply lets our team call you and explain the options.
Question not answered here?
Call us — our team will explain anything you want to know, with no obligation to apply.