• Custom Free
     

    Custom quote

  • Chaitanya India Fin Credit Microfinance

    Loading your search...
  • Chaitanya India Fin Credit Private Limited obtained its Non-Banking Financial Company licence from the Reserve Bank of India in October 2009. Prior to this, Chaitanya carried out its microfinance operations as an NGO. The credit solutions offered by the lender are aimed at promoting economic development and self-sufficiency.  

    The lender’s mission is to provide financial services to low-income families in order to help them meet their financial requirements. As part of its credit solutions, the lender offers Small Business Loans and Livestock Loans, Joint Liability Group (JLG) loans, etc. Let us look at some of the key features and particulars of these loans.  

    Products and Services Offered by Chaitanya India Fin Credit  

    Listed below are a few products that are offered by Chaitanya India Fin Credit: 

    1. JLG Loan 

    Features:

    • No security deposit is required to avail this loan.  
    • Borrowers are required to repay the loan amount on a bi-weekly or monthly basis.  
    • Insurance charges are applicable for this loan.  
    Interest Rate
    Loan Amount
    Tenure
    25.32% p.a.
    Rs.5,000 to Rs.50,000
    12 months to 24 months

    Small Business Loan and Livestock Loans 

    Features:

    • The lender offers an individual loan product with flexible terms, which can be availed to fund the borrower’s business needs.  
    • The lender offers doorstep service in rural areas of Karnataka.  
    • Chaitanya India Fin Credit also offers a Livestock Loan for the purchase of machinery, purchase of cattle, and to construct sheds.  
    Interest Rate?
    Loan Amount
    Tenure
    As per the lender’s terms and conditions
    Rs. 1 lakh to Rs.5 lakh
    Up to 48 months

    Documentation 

    To avail a loan from Chaitanya India Fin Credit, you will need to submit certain documents to the lender. The documentation required will vary based on the type of loan scheme that you apply for. Listed below are a few general documents that you can expect the lender to request for at the time of applying for a loan: 

    • KYC documents: The lender requires applicants to submit at least 2 KYC documents. One of these documents should be the borrower’s voter ID or Aadhaar card. 
    • Address proof: Applicants should submit their ration card as address proof. If the ration card is not available, the following documents can be submitted: 
      1. Driving license 
      2. Electricity bill 
      3. Landline phone bill 
      4. Municipal tax receipt 
      5. Gas bill/receipt 
      6. LIC certificate 

    Fees and Charges 

    In addition to the interest rate, lenders usually levy certain fees and charges when you take a loan. Certain general charges that may be levied by Chaitanya India Fin Credit on its loan products are as follows: 

    • Loan processing fee: 1% of the borrowed loan amount 
    • Insurance fee: As per the insurance firm’s terms and conditions 

    Why You Should Opt for Chaitanya India Fin Credit 

    A few reasons why you should opt for Chaitanya India Fin Credit if you are looking for a loan are as follows: 

    • Attractive Interest Rates: The lender charges an affordable interest rate that is calculated on a reducing balance basis.  
    • Low Processing Fee: Chaitanya India Fin Credit charges a low processing fee, which will keep the overall cost of your loan down.  
    • Flexible Repayments: Borrowers can choose to repay their loans on a bi-weekly or monthly basis, as per what is best suited to them. They can also opt for a loan term of up to 48 months. 
    • Timely Disbursal: The lender verifies your loan application and disburses the loan amount quickly. 

    Regardless of whether you require funds to meet your business requirements, purchase cattle, or purchase machinery, Chaitanya India Fin Credit offers customisable loan solutions that can help you avail funds for your credit requirements. Make sure to check the features and benefits of the loans offered by the lender and apply for a loan that you require.  

    FAQs  

    How can I reach Chaitanya India Fin Credit?

    If you have any queries or require assistance, you can contact the lender’s toll-free number (1800-425-6643) or send an email to info@chaitanyaindia.in. 

    Can I repay the borrowed loan amount before the completion of the loan term?

    This will vary based on the lender’s terms and conditions. Certain lenders will allow repayments but will charge a penalty for the same.  

    What is the loan processing fee?

    The processing fee is a certain amount that is deducted by the lender from the loan amount that is disbursed. This deduction will happen only once, usually when the loan amount is disbursed.  Thus, if you avail a loan of Rs.50,000 and the lender charges a 1% processing fee, you can expect to pay around Rs.500 as the processing fee.  

    Can the repayment date be delayed?

    No, you should make repayments according to the repayment schedule provided by the lender. Delays in making repayments can attract a penalty.  

    How do I apply for a loan from Chaitanya India Fin Credit?

    You can contact the lender through the channels mentioned on the official website of Chaitanya India Fin Credit if you wish to apply for a loan. You can also visit the lender’s office for more information about the loan or if you wish to apply for the loan.

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.