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FAQs

Who 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 under Service Provider Model to:

  • Women borrowers under JLG
  • Micro-entrepreneurs
What are the minimum and maximum loan amounts?
  • For On-ward lending: Rs 50 Lakh to Rs 50 Cr.
  • For Women Borrower (JLG Group): Rs 15K to 35K
  • For Micro-entrepreneur: Rs 1 Lakh to Rs 10 Lakh.
What are the tenure options?

The loan can be repaid over a period of 12-48 months

Do 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.

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