With a strong presence in Odisha, Adhikar Microfinance has emerged as a reliable micro financing institution that has a presence in across 4 states, with a network of 73 branches that is only set to increase. In a short span since its inception, Adhikar Microfinance has been able to build an impressive client database and has disbursed loans of over Rs.1,000 crore in total. The lender is a business correspondent of State Bank of India, Yes Bank, Reliance, and IDBI Bank.
The organisation seeks to improve the standard of living of people hailing from the weaker sections of society by providing financial solutions predominantly catered to the unorganized sector. Among the loan solutions offered by Adhikar Microfinance are the Income Generation Loan, House Improvement Loan, Energy Loan, Wash/Water Loan, etc. The details of these loans are given below.
Listed below are the various products and services offered by Adhikar Microfinance:
The particulars of the Income Generation Loan are as follows:
*Note: The particulars of the loan amount and the loan tenure will vary based on the cycle of the loan.
The particulars of the top-up loan are as follows:
This loan will be offered to small business owners who need capital to expand their business. The loan is designed with the aim to raise people belonging to weaker economic groups to rise above the level of poverty. Loan will be offered under easy repayment provision.
The fees and charges that are levied by Adhikar Microfinance for the various loan products that they offer, apart from the interest that is charged, are as follows:
*Note: Any other charges that are levied by the lender in accordance with the terms and conditions of your loan will have to be paid.
The credit services provided by?Adhikar Microfinance are catered towards weaker sections of society and particularly benefit women and the physically challenged. Listed below are a few reasons why you should consider taking a loan from Adhikar Microfinance:
Adhikar Microfinance is a leading microfinance lender that offers loan solutions to individuals living in rural parts of India and to those who belong to economically weaker segments of society. Individuals in need of funds can avail any loan offered by the lender at attractive interest rates. Ensure that you go through the features of the loan, assess your repayment capability, and are familiar with the various terms specified by the lender before applying for a loan.
You can contact the lender through the toll-free number, which is 18003457124, +91 674 2475173, or send an email to firstname.lastname@example.org.
The lender uses the reducing balance method to calculate the interest on the loans that it offers. Thus, when the borrower pays an EMI, the outstanding loan amount reduces and the interest is calculated on this reduced outstanding loan amount.
Adhikar Microfinance currently operates in 4 states. The lender has a total of 73 branches across the various states that it operates in.
Listed below are the loan amount options that you can choose with the Income Generation Loan:
It is advisable to contact the lender through the toll-free number/email ID or visit the lender’s branch if you wish to apply for a loan from Adhikar Microfinance.
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