Solidarity Group Loan

We all have aspirations and dreams to accomplish and many a time it so happens that we end up compromising. Further, one of the biggest hurdles faced by women is raising funds for a business idea. The business idea could be as simple as ‘opening a small shop’ or getting involved in several other small activities.

In an unfortunate scenario, many firms refuse to give loans to women owing to their low income. Understanding these needs of women, Fullerton India offers Solidarity Group Loan which empowers rural women, who can form a group and avail the financial aid without worrying about their income. Our Solidarity Group Loan is a special offering for women that gives them an opportunity to pursue their dreams and become financially independent.


TOP-UP LOAN

An additional benefit that the Solidarity Group Loan customers can enjoy is the Top-Up Loan. Customers who want to expand their business or may require a certain amount for an emergency

can apply for Fullerton India’s Top-Up Loan. You can avail an amount of INR 4000 or INR 7500.


Features & Benefits

Small Amounts Offered

The Solidarity Group Loan offers an amount from INR 22,000 to 45,000

Short-Term Loan

The tenure of the loan is in the range of 18 to 24 months

Especially For Women Only

The special loan can be easily availed only by women

No Collateral Required

Women can apply for the loan without worrying about providing a security

Apply for Solidarity Group Loan

Submit your application within minutes!

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Eligibility Criteria

 

Interest Rate Rationale

 

Fees & Charges

 

Documentation

These are the eligibility criteria you must fulfil before availing this loan:

  • Should be at least 21 years old (at the time of application) and less than or equal to 65 years (at the end of the loan tenor)
  • Should be residing in the city for at least one year
  • Should be working for at least one year
  • Should have a landline number either at the residence or at office
  • Please visit the page to know about Interest Rates
  • Please visit the page to know about Fees & Charges
  • Two photographs of Borrower and Guarantors
  • Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
  • Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
  • Profile of Guarantors.
  • Loan should be guaranteed by two financially sound members (Any) having net individual worth twice the loan amount.
  • Quotation for article to be purchased.
  • Security of two guarantors and Hypothecation of article to be purchased.

How To Apply

1

Fill up your
form online

2

Check your eligibility
in a minute

3

Upload documents
for Verification

4

Post verification, loan will be approved and disbursed in your account