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Dhanrashi provides personal loans for immediate financial assistance which will cover family expenses, consolidate debts, fund a vacation, or manage medical bills. These loans have fixed interest rates and repayment terms that allows you to budget and plan your payments accordingly
Dhanrashi provides loans to people who are running a small or medium sized company who requires working capital for purchasing inventory, upgrading equipment, hiring employees, or covering operational costs. Dhanrashi understands the needs of entrepreneurs and these loans can provide the necessary capital. Dhanrashi's business loans come with flexible repayment options and competitive interest rates to meet the unique requirements of your business.
Dhanrashi also offers education loans to help individuals pursue their educational goals to pursue higher studies, enrol in professional courses or institution etc that covers tuition fees and other related expenses. Dhanrashi offers loans at attractive interest rates and convenient repayment plans to make it easier for you to invest in your future or your loved ones' education.
Here's who can qualify for different financial services and credit options.Eligibility criteria depends on the following factors. We may require two or more documents of the following.
You may qualify for financial services and credit options if you're 21 or older and have no credit history, or if you've been building credit for at least six months. This means that even if you've never had a loan or credit card before, you still have an opportunity to access these resources.
Second requirement is to have an active bank account for the last 6 months. Having an active bank account shows that you have a financial track record and a way to receive funds, which is important for lenders.
If you're employed and receive a regular salary, you can apply for financial services. Just make sure to provide your recent salary slips and bank statements. These documents help lenders understand your income stability and your ability to repay any loans or credit.
Individuals working in different professions like shopkeepers, vegetable vendors, grocery shop owners, maids, caretakers, security guards, or piece rate workers are also eligible. However, they need to have a credit score and all the necessary documents with an active bank account as these occupations fall under the informal sector. Schedule a meeting with our loan officer to know more.
People employed in a company or factory is required to show documents of their current/permanent address of at least last 2 years. This requirement demonstrates stability and shows that you have a long-term commitment to your residence.
Proven history of timely loan repayment of an existing Microfinance Institution (MFI). This criterion encourages responsible borrowers to continue accessing financial services and potentially receive additional support.
People who have a micro or a small business who requires working capital for inventory management, business expansion, or operational expenses and more can apply for financial aid through Dhanrashi. However, the loan can be processed after evaluating the business's creditworthiness as per standards set by Dhanrashi.