Lokmanya Microlending – Uplifting Communities and Transforming Lives
Lokmanya Microlending offers a diverse range of financial products designed to empower women and support their right to finance. With trust at the heart of our operations, we are driven by the Power of Five, the foundation of our Joint Liability Group (JLG) Loans.
Beyond JLG loans, we provide Individual Micro Loans to support micro, small, and medium-sized businesses, as well as Micro Home Improvement Loans to help families create better living spaces.
To learn more about our products and services, explore the details below or reach out to us through our contact form. Lokmanya is here to partner with you on your journey toward financial independence and growth.
Disclaimer: Microlending Loans are at the sole discretion of Lokmanya Multipurpose Co-operative Society Ltd.. Terms and conditions apply.
Advantages Of Microlending Loans?
Quick Loan Processing
Experience a seamless and fast loan approval process, with disbursement in just 3 days.
Access to quick funds
Secure timely financial assistance to meet urgent needs and seize opportunities.
Collateral-free loans
We offer unsecured loans wherein you can borrow money without any collateral
Minimal Documentation
We prioritize trust over paperwork, making the application process hassle-free.
Tailored Solutions
From group lending to individual loans, we offer customized financial products to meet your unique needs.
Empowering Growth
We support your financial aspirations by providing the right tools to grow your business and achieve financial independence.
Types of Microlending Loans
Empowering Women Entrepreneurs with JLG Micro Loans
At Lokmanya, we believe in fostering entrepreneurship and empowering women to achieve financial independence. Our Joint Liability Group (JLG) Micro Loans are specifically designed to support groups of women in their journey toward success.
Key Features of JLG Micro Loans:
- Loan Amounts: ₹25,000 to ₹50,000
- Purpose: Perfect for business setup, expansion, or extension
- Trust Over Paperwork: Minimal documentation required
- Quick Processing: Loan approval and disbursement in just 3 days
- On-the-Spot Decisions: Instant acceptance or rejection of applications
This unique, transparent process ensures that women can access funds without unnecessary delays, allowing them to focus on building their businesses and contributing to their communities.
Start your journey toward financial freedom today with our trusted JLG Micro Loans!
25,000 to 50,000
22.50%
23.50%
1.95% + GST
Monthly (EMI)
*The above interest rates are applicable from 02 December, 2024
Meeting the Evolving Aspirations of Microfinance Customers
As our Microfinance customers grow and mature, so do their aspirations. Recognizing this, Lokmanya offers tailored Individual Loans to meet their evolving financial needs. While the group lending model works effectively for smaller amounts, it has its limitations beyond a certain loan threshold.
Key Highlights of Lokmanya Individual Loans:
- Purpose: Designed specifically for graduating JLG customers and new customers seeking higher financial support.
- Loan Amount: ₹50,000 to ₹1,50,000
- Rate of Interest (ROI): 21.50%
- Seamless Experience: A smooth and efficient loan approval process, ensuring quick disbursement and customer satisfaction.
At Lokmanya, we are committed to building trust and enabling financial growth by providing the right financial solutions at the right time.
Let us help you take the next big step in your journey!
50,000 to 1,50,000
21.50%
36 Months
2.25% + GST
Monthly (EMI)
*The above interest rates are applicable from 02 December, 2024
Microlending Loan Process
1. Group Formation Meeting
Create a Joint Liability Group and educate members on loan responsibilities.
2. KYC Check and Credit Check
Verify identity and financial history for eligibility.
3. Training Meeting
Provide financial literacy and loan term guidance to applicants.
4. Residence Verification
Conduct field visits to confirm applicant’s address and stability.
5. Loan Application
Submit the application with necessary documents for review.
6. Loan Disbursement
Approve and disburse funds transparently to the applicant’s account.
Microlending Loan Eligibilty Criteria
Age between 18- 58 yrs
Engaged in income-generating activities
Good Credit History
Documents Required for Microlending Loan
Valid KYC
Voter ID, Aadhaar Card, Ration Card, MGNREGA Card, Pan Card
Bank Account Proof
Bank Passbook
How to apply for a Microlending Loans?
Visit Our Branch
One of the ways to apply for a Microfinance Loan is to visit one of our Microlending Loan branches in Goa, Maharashtra, Karnataka, or Delhi, where our representatives will guide you through the entire process seamlessly.
Call us
Applying for a Microfinance Loan at Lokmanya Multipurpose Co-operative Society Ltd. is just a phone call away! Simply contact us at 1800 212 4050 and we will guide you through the process.