Mon-Fri : 10.00 - 5.30
Sat : 10.00 - 3.30
A group loan is designed for small groups—like self-help groups, joint-liability groups, or local cooperatives—who want to borrow collectively to grow their business, support livelihoods, or manage shared needs.
Women self-help groups (SHGs)
Start-up teams in semi-urban areas
Farmers and artisans
Small business collectives
| Eligibility Criteria | Required Documents |
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Any group of 5–20 members can apply.
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Group registration or resolution letter
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Group must have a common purpose
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ID & address proof of all members
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At least 6 months of group activity preferred
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Group bank passbook
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All members must be 18+ with valid ID
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Purpose/plan for fund usage
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No major defaults in past loans
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Together, we grow stronger. That’s the spirit of our Group Loan program at Jeevan Jyoti Multistate Credit Co-operative Society. We empower communities, women’s groups, and small collectives to access fair, secure, and responsible credit—without complex paperwork or corporate hurdles.
As a member-based co-operative, we believe in collective progress. Our group loan offerings are tailored to support your group’s shared vision—be it a small business, self-help initiative, or community project. With us, you’re not just taking a loan—you’re building a future together.
Group loans are ideal for self-help groups, small business collectives, women’s associations, farming communities, or any organized group of 5 or more members with a shared financial goal.
Registration is helpful but not always mandatory. What matters is that the group is consistent, has a shared purpose, and the members are willing to take joint responsibility for the loan.
The loan amount depends on the group size, repayment history (if any), and income potential. Typically, each member is eligible for a portion, and the total group limit is calculated accordingly.
Yes. In a group loan, every member is jointly responsible. If one member delays or defaults, it affects the entire group’s credibility and repayment status.
Most group loans are unsecured, meaning no physical collateral is required. However, mutual trust and peer responsibility within the group are key.
Basic documents like identity proof, address proof, a group authorization/resolution letter, and a plan for how the loan will be used are generally required.
Interest rates are affordable and often lower than personal or microfinance loans. The rate may vary based on group size, repayment terms, and loan purpose.
Repayments are usually made weekly, fortnightly, or monthly, depending on the group’s preference. The group either pays together or each member contributes to the shared EMI.
The group is expected to support that member and ensure the full EMI is paid on time. Consistent defaults may affect the group’s future borrowing capacity.
Yes, even new groups can apply. What’s important is showing commitment, purpose, and a clear plan for using the loan responsibly.
