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IR Micro Group Loans

In our endeavour to encourage you through your business journey as well as to help you with loan repayment, IR Small Finance Loan brings you a Joint Liability Group Loan. This structure helps you take a loan in a group (07 women members to a maximum of (35) women members) where each member will be equally liable for repayment. These loans aim to give you the necessary capital to expand your business. Take a look at the various options we have for you:

Flourishing Progress (Utkarsh Pragati) Joint Liability Group Loan

If you plan to start a small-scale business and are looking for small group loan, Flourishing Progress (Utkarsh Pragati) loan offers you a group loan tailormade for such requirements


Flourishing Ray (Utkarsh Kiran) Joint Liability Group Loan

At Flourishing Ray (Utkarsh Kiran) Loan, we strive to help our customers meet their increasing capital needs, enabling them to take a step toward their financial goals, with confidence


Flourishing Hope (Utkarsh Asha) Joint Liability Group Loan

If you are the one who requires a larger ticket size loan to meet your working capital requirements, Flourishing Hope (Utkarsh Asha) could be the right choice that you have been looking for


Key Benefits

Loan Amount Minimum amount is INR 1.00,000
The maximum amount is INR 10,00,000
Age of Applicant
Loan Tenuret
Between 18 to 55 years
Maximum 12 to 84 months
Group guarantee
Processing Fee
Interest Rates
1 - 2% plus applicable GST
Enjoy highly competitive interest rates ranging from 22% - 25% p.a.

Eligibility Criteria

  • Applicants must meet the following requirements to be eligible for the loan.
  • Should fulfil KYC documents requirements
  • Be a majority aged 18 to 55 years old
  • Should not have an adverse credit record
  • Should meet the acceptable credit norms according to IR Inc., Finance
  • Should be part of a group of customers who are willing to guarantee each other for the repayment of the loan

  • Repayment mode: Flexibility according to cash flow
  • 2 to 7 members per group with the selection of a group leader
  • Permanent resident
  • A similar purpose in using the loan
  • Have a legal business and regular income
  • Have a good record and be reliable
  • Have enough capacity to repay the loan

How to Apply

Visit the nearest branch of IR Finance and our Loan Executive will guide you on the application process.
Contact us and our Customer Care Executive will fix a doorstep service appointment with our Loan Executive to help you with the application process.

    Required Documents

  • Primary ID: Aadhaar
  • Secondary ID: PAN card / Form 60
  • In case of non-availability of PAN card, the customer needs to submit Form 60 along with one of the following OVDs (Officially Valid Documents)
  • Passport
  • Voter ID card
  • Driving licence
  • NREGA (National Rural Employment Guarantee Act)
  • Letter issued by National Population Register containing details of name and address
  • Residence Proof:

  • Any of the valid KYC documents
  • Utility bill (not more than 60 days old)

    Interest Computation

  • Declining method is used For Terms and Conditions, please contact the nearest IR Finance Branch. Learn about IR Insurance and get an online auto quote. IR sells auto, home, business and life insurance through independent agents. See why people choose IR time and time again.