Belstar Microfinance

1. Credit Plus Model: Belstar Microfinance follows a Credit Plus Model, offering skill development and digital literacy training alongside loans. This approach supports sustainable livelihoods and helps generate employment opportunities. 

1. Promotes Women Entrepreneurs: Loans offered by Belstar are focused on the upliftment of women and weaker sections of the society. 

The various loan products offered by the Belstar Microfinance are as follows: 

1. Belstar Micro Enterprise Loan

The Micro Enterprise Loan offered by Belstar is designed to support women entrepreneurs and individuals from weaker sections, either through self-help groups or independently. The loan amount ranges between Rs.20,000 to Rs.1.5 lakh per member for a tenure ranging between 6 months up to 36 months. There is no moratorium period. The repayment tenure starts soon after loan disbursement. The rate of interest ranges between 21.90% p.a. to 22.90% p.a. and the processing fee is 1.50% of the loan amount. 

1. Belstar Emergency Loan

The Emergency Loan offered by Belstar is designed to provide financial assistance to economically weaker sections of society in times of need. The loan amount ranges between Rs.8,000 to Rs.10,000 for a tenure of up to 36 months. There is no moratorium period. The repayment tenure starts soon after loan disbursement. The rate of interest ranges between 21.95% p.a. to 21.95% p.a. and the processing fee is 1.50% of the loan amount. 

1. Belstar Consumption Loan

The Consumption Loan offered by Belstar is designed to help customers with a short-term repayment option to cater to immediate consumption needs like medicines, consumables, festival needs, etc. The loan amount ranges between Rs.5,000 to Rs.8,000 for a tenure ranging between 11 months up to 18 months. There is no moratorium period. The repayment tenure starts soon after loan disbursement. The rate of interest is 18% p.a. and the processing fee is 1.50% of the loan amount. 

1. Belstar Small and Medium Enterprise Loan

The Small and Medium Enterprise loan offered by Belstar is designed to provide capital assistance to entrepreneurs. The loan amount ranges between Rs.50,000 to Rs.8 lakh per member for a tenure of 30 months. There is no moratorium period. The repayment tenure starts soon after loan disbursement. The rate of interest ranges between 24.50% p.a. to 26.00% p.a. and the processing fee is 2% of the loan amount. 

Documents required to apply for a loan at Belstar Microfinance

The below-listed are some of the documents required to apply for a loan at Belstar Microfinance: 

1. Valid identity proof: Aadhaar card, PAN card, etc. 

1. Valid address proof: Water bill, Electricity bill, etc. 

1. Multiple copies of passport-sized photographs. 

Notes: The documents listed above are in general, and additional documents may be required depending on the category of loan. 

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