Select Small Finance Banks -
In Chh. Sambhaji Nagar their are so may areas home and families need to develop in coming days but some government issue take breaks and delay due to some issue but living in hard days is impossible they need financial stability to stay alive in their hard days and just service.
some of wealthy people in their area take a chance to make money by giving high interest rate money to , it is not possible to pay it regularly by poor people so they just pay interest of money and get poor and poor day by day.
due to this RBI (Reserve Bank Of India) promote small finance banks in such areas and allow them to allocate financial stability to each person. in some area people called it Bachat Gat small finance.
List of Small Finance Banks and their Lowest Interest Loan Rate -
RBI Allow more than 246+ small banks in India to serve small finance to group of people and made them to start small earning sources like business beauty parlor, silai machine and grocery shop etc .
Here is the list of some low interest rate small finance banks in Maharashtra.
- Ujjivan Small Finance Bank - 3% to 7.5% p.a
- Equitas Small Finance Bank - 10 % to 18% p.a
- TJJSB Bank - 11.50% p.a
- Utkarsh Small Financial Bank - 13% to 20% p.a
- Jana Small Finance Bank - 22% to 26% p.a
- Suryoday Small Finance Bank - 25.35 %
When should one take a loan? -
When should you take a loan from this small finance banks. here i write some points to better understand taking loan is good or bad.
- if you have one or more than 1 income source.
- if you need to grow you small business into large/big business
- if you want to start your small business but atleast one family member support to pay monthly interest amount.
- if you have a job and need some extra amount to invest to buy something urgently, then you can take a loan.
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