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Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

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

Documents Required for Rural Individual Loans

Photo identity proof

 (A copy of your Voter ID / Aadhaar Card / Ration Card / MGNREGA Card / PAN Card / Passport / Driving License)

Address Proof

(A copy of your Voter ID / Aadhaar Card / Ration Card / MGNREGA Card / PAN Card / Passport / Driving License)

Income Tax Return/ Bank Account Proof

(Bank Passbook/ Bank Account Statement)

Application Form

Loan agreement

Udyam Mitra Registration (Optional)