FAQsWho can avail of Reliance Micro Loans?
For on-ward lending, the following can apply:
- NBFC and NBFC-MFI
- Sec 25 Co.
- Societies and Trusts involved in micro-finance activities
Direct lending to:
- Women borrowers under JLG
Loans ranging from 15 K to 50 Cr depending on eligibility, income and repayment capacity.What are the tenure options?
The loan can be repaid over a period of 12-48 monthsDo I have to provide any security,collateral or guarantors?
Yes, security or collateral is required. For MF institutions up to 10% FD and 100% of Book Debts Hypothecation. For micro-entrepreneurs mortgage of property. For women borrower no collateral.How do I repay the loan?
For MF institutions Equate Monthly Installment. For women borrower and micro-entrepreneurs repayment can be weekly, bi-weekly and monthly.