HDFC Website

<aside> <img src="/icons/forward_red.svg" alt="/icons/forward_red.svg" width="40px" /> Apart from being the best performing, HDFC Bank also provides the best SHG Loan options in the Indian Market

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Mumbai, March 31, 2022: HDFC Bank has been adjudged Best Performing Bank in SHG

Linkage by National Rural Livelihood Mission (NRLM), Ministry of Rural Development, Govt of India.

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

https://sbi.co.in/web/agri-rural/agriculture-banking/micro-credit/shg-bank-credit-linkage

SBI

Interest rate