Joint Liability Group Loan

Joint Liability Group Loans are offered to the rural and semi-urban customers for catering to their personal and business needs, resulting in the sustainability and advancement of their livelihood. Generally, these loans are offered to a group of five women, having a similar socio-economic background,who engaged in an income-generating activity and acts as an enabler of women empowerment. Our group loan offerings are in the range of Rs. 15,000 to Rs. 1,00,000 and for a tenor ranging between 12-24 months. These loans help in fulfilling the financial requirement of the customer and motivate them to undertake traditional and modern means of livelihoods that can be anything related to agriculture, agri-allied, dairy farming, handloom weaving, handicrafts, business and personal needs.

Features & Benefits

Loan Amount of up to Rs. 1 Lakh

You are eligible to get a loan of up to Rs. 1 Lakh for fulfilling the personal and business needs that help in the sustainability and advancement of livelihood.

Instant and on-the-spot approval

You don't have to visit any branch or wait for days to get your loan approved. Our relationship officers are equipped with handheld devices to capture your basic demographic data and you can get instant provisionalapproval subject to completion of documentation and verification. This is one of the best process followed in the industry.

Dedicated relationship

Our relationship officers are well-trained to understand your need analysis and provide you an in-depth coaching about the priorities and the best suitable financial offering.

Minimal documentation

You can avail a bouquet of product offerings in the Rural Financing segment for purchasing a Merchandise Loan, meeting emergencies through Personal Loan or securing your family through Life Insurance.

Bundled products

You are eligible to get a loan of up to Rs. 1 Lakh for fulfilling the personal and business needs that help in the sustainability and advancement of livelihood.

For details about Group Loan Agreements, Terms and Conditions or have any questions, you can refer to our Group Loan FAQs or can contact us at a nearest Community Finance office.

Eligibility & Documents

You must be a salaried or self-employed individual and the criteria for age (at the time of completion of the loan) will be as follows: Salaried – Between 21-60 years Pensioners – Between 21-65 years Self Employed – Between 21-70 years.

Documents required for Applicant & Co-applicant:

• Photo ID proof

• Residence proof

• One Passport size photograph

• One cancelled cheque in case of ECS

Fees & Charges

Please refer to the ‘Loan Charges’ section for detailed Fees and Charges related to our product offering

How to Apply

Applying for a Group Loan with Community Finance requires as much time as you take to finish a cup of tea. Read on to know more about how to apply for the same:

• Contact our relationship officer

• Visit our nearest branch office


Groups Loans is a form of credit extended to a group of working women for personal and business purposes that help in the sustainability and advancement of their livelihood. This loan does not require any physical collateral but is secured through a group guarantee among the members.

A group of women between 18-60 years of age, having a similar socio-economic background and engaged in an income-generating activity are eligible for the JLG Loan.

A JLG Loan can be applied for any personal and business needs. Example, purpose can be agriculture and agri-allied related (Purchase of agri-input, purchase of cattle, dairy related, poultry, etc.), business related (working capital, debt consolidation, purchase of machinery, purchase or renovation of business premises, etc.) or personal (education of children, medical expenses, purchase of property, marriage expenses, etc.)

We have competitive interest rates as against the market offerings and it would vary as per each person's eligibility criteria and the repayment frequency of the product.

The offerings depend on several factors including the monthly income, occupation, etc. Generally, the maximum loan exposure for Weekly & Fortnightly loans is Rs. 50,000 and Rs. 100,000 for Monthly loans.

The loan tenor of the group loan ranges between 12 to 24 months.

Generally, Group Loans are given to a group comprising of five women members. However, during exceptions, a group may also be formed with 6-7 customers.