• Pahal Financial Services

    Pahal Financial Services Private Limited is a registered non-banking financial company serving the microfinance needs of self-help groups and entrepreneurs in and around Gujarat and Madhya Pradesh. Loans offered by the company serve to help out the local population in terms of livelihood, healthcare and sundry expenses. The headquarters of the company are in Ahmedabad, Gujarat.

    Pahal Financial Services Private Limited is spread over 40 locations conducting microfinancing activities through its many branches in north and central India. With nearly 100000 members, the company offers financial services that help out in business and personal needs.

    Pahal Financial Services Private Limited Loans

    Pahal Financial Services microloans are lent to the local population of the regions it caters to, so that they can meet recurring, obligatory, and one-time expenses like:

    • Money required to pay off bills, etc.
    • Funding investment opportunities
    • Wherewithal for entrepreneurs
    • Agriculture-related activities

    Pahal Financial Services provides loans that are not specifically named or titled per se and are categorised as per qualifying and non-qualifying portfolios -

    Qualifying Portfolios

    Known as JLG (Joint Liability Groups) Loans, the loans are further divided into three categories as per the loan amounts are considered, but the rate of interest across these loans are basically the same, at 27% per annum on a reducing balance basis. The processing fees are 1% of the loan amount. The loan amount can be anything from INR 12000 to INR 30000 and the tenure could be within 12 months to a maximum of 2 years.

    Non-qualifying Portfolios

    These are specifically long term loans meant for business or personal needs and are given to individuals only. These are again divided into two categories based on the loan amounts, but have the same 30% interest rate on reducing balance basis. The minimum available loan amount is INR 35000 and the maximum loan amount that can be availed is INR 200000. The repayment tenure can be as low as 12 months or as high as 3 years. The processing fees for these loans are 2% of the loan amount.

    *All amounts, tenures, repayment requirements, interest rates, charges, ceilings, requirements, criteria, exclusions, terms and conditions are as of December, 2015. Pahal Financial Services Private Limited reserves the right to modify, replace, or add to or subtract from any of the above, in any way, at any time, and at its own discretion.

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