JLG Loans

JLG Loans

JLG Loans are given to the underserved rural and semi urban women who are engaged in small scale income generation activities. The loans are given to customers who are part of a joint liability group and with annual household incomes of less than ₹ 1,00,000 (rural) and ₹ 1,60,000 (urban). For JLG loans FFPL operates as a lender itself and also as a service provider to other funders.

Loan Product Details:

Loan Amount: ₹ 10,000 to ₹ 60,000

  • Loan Processing Fees: 1% of loan amount + GST
  • Insurance premium (credit life insurance): upto 1% of loan amount
  • Interest Rate: Calculated on reducing balance (adjusted quarterly as per RBI guidelines)
  • Loan tenure: 1 to 2 years

Customer Success Stories