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Joint Liability Group Loan
Offered Directly by Vedika Credit Capital Ltd
RBI-Registered NBFC-MFI (Registration No. B-05.00844)
Vedika Credit Capital Ltd provides Joint Liability Group (JLG) Loans directly from its own balance sheet. The Company does not act as a broker, aggregator, or lead generator.
JLG Loan
A Joint Liability Group (JLG) consists of 5 to 9 women from similar socio-economic backgrounds who form a group and avail loans under a mutual guarantee structure.
All loans are assessed strictly in accordance with:
RBI NBFC-MFI Guidelines
Vedika Credit Capital Ltd’s Internal Credit Policy
Fair Practices Code
Loans are granted only after proper credit assessment and eligibility verification.
| Loan Amount: | ₹21,400 to ₹70,000 |
| Tenure: | 12 to 30 months |
| Interest Rate (ROI): | 28.5% (reducing basis, subject to RBI guidelines) |
| Processing Fee: | As applicable (disclosed before sanction) |
| Repayment Frequency: | Monthly |