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  • Village Financial Services

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  • Village Financial Services is a microfinance lender that started its operations during FY15-16. The lender offers credit solutions for varied purposes to individuals who belong to economically weaker sections of society. The loans offered by the lender include the Briddhi Loan, Sri Briddhi Loan, SME Loan, etc. Read on to know about the particulars of the loans offered by Village Financial Services.

    Products and Services Offered by Village Financial Services

    The loan products that are offered by Village Financial Services include:

    1. Briddhi Loan

    Features:

    • The Briddhi Loan can be availed by joint liability group members.
    • The loan can be availed for income generating activities.
    • Individuals between 18 years and 55 years of age can apply for this loan.
    Interest Rate
    Loan Amount
    Loan Tenure
    As per the lender’s terms and conditions
    Up to Rs.30,000
    Up to 12 months

    2. Sri Briddhi Loan

    Features:

    • This loan can be availed by joint liability group members.
    • The Sri Briddhi Loan can be taken if one requires funds for income generating activities.
    • The applicant is required to be between 18 years and 55 years of age when applying for this loan.
    Interest Rate
    Loan Amount
    Loan Tenure
    As per the lender’s terms and conditions
    Up to Rs.1 lakh
    Up to 24 months

    3. SME Loan

    Features:

    • This is an individual loan that MSMEs and SMEs can apply for.
    • This loan can be taken for the funding requirements of MSMEs/SMEs.
    • As per the lender’s eligibility criteria, the applicant is required to be between 18 years and 55 years of age to avail this loan.
    Interest Rate
    Loan Amount
    Loan Tenure
    As per the lender’s terms and conditions
    Up to Rs.3 lakh
    Up to 24 months

    Why You Should Choose Village Financial Services?

    • Loans for Varied Purposes: One of the primary highlights of Village Financial Services is that it offers loan products for varied purposes.
    • Flexible repayment: Borrowers can assess their repayment ability and opt for a loan tenure of up to 24 months when availing a loan from Village Financial Services.
    • Customer Service: If prospective borrowers or customers have any queries, they can either send an email to the lender, call the lender on the number specified on the website, send a fax, or directly visit a branch of the lender.

    Individuals who are in need of funds for income generating activities or to run their businesses can avail a loan from Village Financial Services. The lender offers credit to applicants in a timely manner and, thus, helps borrowers become economically self-sufficient.

    FAQs

    How do I apply for a loan from Village Financial Services?

    If you have found a loan product that suits your requirements, you can contact the lender through the contact number, fax number, or email ID, which is mentioned on the lender’s website. You can also visit the lender’s official website and key in the required details into the ‘Contact Us’ form. Post this, the lender will reach out to you to take the process forward. You can also visit the lender’s branch to directly apply for a loan.

    What is the difference between the Briddhi Loan and Sri Briddhi Loan?

    Both loans are available to JLG members. However, those who wish to opt for a higher loan amount with a longer repayment term can opt for the Sri Briddhi Loan.

    Will I be asked to submit any collateral when applying for the loan?

    This will vary based on the lender’s terms and conditions. It is advisable to contact the lender to know if you will be required to submit collateral or have a guarantor when applying for the loan.

    How do I repay the loan amount?

    You will have to repay the loan amount in Equated Monthly Installments (EMIs), unless otherwise mentioned.

    In the case of Village Financial Services’ SME Loan, what is the minimum loan amount that can I opt for?

    The minimum loan amount that you can opt for is Rs.50,000.

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