Members can get advances under the daily loan repayment scheme. This scheme is to encourage the members to start income generation ventures and repay the loan on daily basis. The loan period can be a minimum of 90 days and maximum period is 180 days. The loan amount is maximum of the total investment in the company.
For Daily Loans, the loan rate of interest will be a standard rate of interest. There will be 2% additional charges will be applicable for SHG loans in addition to the standard loan processing charges.
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Terms & Conditions:
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The loan period will be for three or six months.
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The loan amount will be maximum of Rs. 100,000/-
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A person having daily income will be admissible for D.L.S.
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The borrower must have saving account with Triangle of Micro Finance.
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The loan will be paid back by daily installments
