Documents Required for Rural Individual Loans

Required Documents

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Customers of Rural Individual Loans (RIL) are involved in an economic activity and generating surplus income to sustain their business and their family requirements. Such individuals typically comprise manufacturers, traders, wholesalers, retailers, service providers, contractors etc. RIL aims to meet funding requirements of eligible customers to meet the needs of trade, commercial activities, other general business profession & working capital requirement of the existing business, for purchase of machines & equipment and to undertake repairs, renovation, extension of the existing business unit

Rural Individual Loan eligibility

You need to meet some basic conditions to be eligible for a Rural Individual Loan

Indian National

Age between 18-60 years

Self-employed professional or business owner

Business stability or continuity of minimum 3 years

Cash Flow Assessment