https://www.hdfcbank.com/personal/borrow/other-loans/sustainable-livelihood-initiative

HDFC Bank

Sustainable Livelihood Initiative

Loans for Self Help Groups (SHG) and Joint Liability Groups (JLG)

Loans for Self Help Groups (SHG) and Joint Liability Groups (JLG)

Loan amount

• Minimum - Rs.10,000/- for JLG & Rs.5,000/- for SHG
• Maximum - Rs.1,00,000/- per member

Type of borrowers

Women

Tenure

• Upto 24 Months for JLG
• Upto 36 Months for SHG

Interest rates

• 11.5% to 19% p.a for SHG
• 22% to 25 % p.a for JLG

Repayment

Monthly EMI

Charges

• No processing Fees
• No closure charges
• No pre-closure charges

Documents required

• Identity and address proof (copy of voter ID card/driving license/Aadhaar)
• Loan track records (if any loans are obtained)

Interest rates :

• 11.5% to 19% p.a for SHG
• 22% to 25 % p.a for JLG

Repayment:

Monthly EMI

Charges:

• No processing Fees
• No closure charges
• No pre-closure charges

Eligibility

• Existing and new SHG and JLG with a minimum of five members
• Should have a regular repayment track record or must exhibit consistent savings in the savings account
• Bureau check is mandatory

Fair Practices Code (FPC)

• A Microfinance loan is defined as a collateral-free loan given to a household having annual household income up to ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e., husband, wife and their unmarried children”.