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    Sahayog Microfinance

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.50% - 19.50% Fixed
    0 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available Get Goibibo goCash worth Rs 5,000
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.50% - 19.50% Fixed
    ₹0 One time fee
    25L Max
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available Get Goibibo goCash worth Rs 5,000
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13% - 20% Fixed
    1.5% (min. ₹1150) One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 17% Fixed
    0.25% to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    0.25% to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available Get Goibibo goCash worth Rs 5,000
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.99% - 19% Fixed
    0.50% to 2.5% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.99% - 17% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.49% Fixed
    2.5% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available Get Goibibo goCash worth Rs 5,000
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
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    DOCTORS LOAN
    12.99% - 14.50% Fixed
    0.99% to 2% One time fee
    45L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    Personal Loan BYTES FROM OUR KITCHEN

    Overview about Sahayog Microfinance

    Sahayog Microfinance is a registered non-banking financial company serving the microfinance needs of self-help groups and entrepreneurs in and around Maharashtra, Madhya Pradesh, Gujarat and Chattisgarh. 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 Bhopal, Madhya Pradesh.

    Sahayog Microfinance is spread over 75 branch locations across 41 districts conducting microfinancing activities through its many branches in north and central India. With nearly 130000 members, the company’s 500 employees work tirelessly to offer financial services that help out in business and personal needs. As of the end of 2014, the company disbursed around 687 lakhs in loans

    Sahayog Microfinance Loans

    Sahayog Microfinance loans 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

    Sahayog Microfinance 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 or Income Generating Loans, the loans are further divided into two categories as per the loan amounts are considered, but the rate of interest across these loans are basically the same, at 26% per annum on a reducing balance basis. The processing fees are 1% of the loan amount. The loan amount can be anything from INR 8000 to INR 40000 and the tenure could be within 12 months to a maximum of 2 years. A processing fee of 1% of the loan amount is charged on loan amounts. The repayment of the loan can be done on a monthly or fortnightly basis. Loan amounts of up to INR 15000 can be given for a year while any amount above that will have a 2 year repayment period.

    Non-qualifying Portfolios

    These are 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 and are named Micro Enterprise Loans and Dairy Development Loans.

    1. Micro Enterprise Loans – The loan can be of a minimum of INR 50000 and can go as high as INR 100000. The rate of interest will be 24% per annum on a reducing balance basis. The loan processing fees will be 3% of the loan amount. The repayment can be done in 2 years
    2. Dairy Development Loan – The loan can be of a minimum of INR 40000 and can go as high as INR 100000. The rate of interest will be 18% per annum on a reducing balance basis. The loan processing fees will be 2% of the loan amount. The repayment can be done in 2 years

    *All amounts, tenures, repayment requirements, interest rates, charges, ceilings, requirements, criteria, exclusions, terms and conditions are as of December, 2015. Sahayog Microfinance 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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