Income Generation Loan by Thulasi Capital service

Income Generation Loan or IGL is one of our primary loan products and it is offered to underprivileged women in rural and semi-rural areas. Our vision is to create access to financial assistance to improve their standard of living by giving them the means to get set up for success and earn their livelihood.

Our Income Generating Loans offer rural women a Joint Group loan, for a variety of activities that generate income for their families. These joint liability groups are identified by field officers who cover villages within a radius of 25-30 Kms around our branch offices. Loan Amount ranges from Rs.20,000 to Rs.40,000 and is offered with a tenure ranging from 1 year to Rs.60,000 for a 2-year loan with an interest rate of 27% along with 1.5% Processing Fee and 1.5% Service Charge. The Installments for these loans are to be paid on a weekly basis.

Low Interest | Timely Processing

Main Loan
1st Cycle(New Member)
IGL1Y20K IGL1Y25K
2nd and above Cycles
IGL1Y30K IGL1Y35K
Secondary Loan
Small Loan

IGL1Y35K

OUR PRODUCTS
Mortgage Loan by Thulasi Capital service

A mortgage loan is a loan that is typically "secured" on the borrower's property. It is often the route of funding for purchasers of real estate, or alternatively by property owners to raise funds for any required end-use while leveraging the value of their property as mortgage.

How Mortgage loan works

Once the loan is “secured” a legal mechanism is put into place which allows the lender to take possession and sell the secured property (“foreclosure” or “repossession”) to pay off the loan. In the event of the borrower defaulting on the loan by missing EMI payments or in some other way failing to abide by the mortgage terms. A mortgage can also be described as “a borrower giving consideration in the form of collateral for a loan”.

Mortgage borrowers can be individuals mortgaging their home or they can be businesses mortgaging commercial property Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably depends upon the requirement of the client.

- Preferably the age of the person applying should be between 25 to 60 years.
- The person should have a regular source of income
- Source of Income should be able to service interest commitment per month. This is what determines the eligibility of the borrower, in addition to the value of the mortgaged property.
- The person should be a resident of India.
- Provide proof of Strategy and Source to repay the principal

- Bank account statements of the previous 6 months
- Pan card
- Aadhaar Card
- Address Proof
- Copy of the documents of the property to be mortgaged.
- Encumbrance certificate of the Property

- Request letter
- Filled Application for the Loan
- Loan Agreement
- Guarantors Agreement
- Demand Promissory Note
- Post-dated Cheques and letters for the same.
- Board Resolution for obtaining the loan if it is a Corporate Borrower
-Acknowledgment of Sanction letter for acceptance of the terms and conditions