Loans for Self Employed with bad credit
Dear friends, as you know, we want to give you information about every government scheme on our website, today we have brought another government scheme for you, which is being run by the government of Bihar, the name of this scheme is Bihar Chief Minister Loans for Self Employed with bad credit.
The main objective of this scheme is to help unemployed youth by getting loans. Let us tell you that a loan of 5 lakhs is being given by the Bihar government to the youth and women to start their employment.
But the most important thing is that who is being given loans in which 5 communities of minority (Muslim, Bodh, Sikh, Christian, Parsi) will be given loan to run employment!
Eligibility for taking Bihar Chief Minister Minority Loans for Self Employed with bad credit
- Under this scheme, the loan amount will be provided to the beneficiaries at a 5% simple annual interest rate.
- The period of 3 months will be considered for starting the business and interest will not be charged in between.
- If the borrower pays the installments on time, then he will be given a 0.5% discount.
- At the time of granting approval on the selected applications of this scheme, a 0.5% fee will be charged by the corporation as a processing charge.
penalty interest
- Friends, now we will tell you what is penal interest?
- Friends, if the applicant does not make payment according to the amount on the installments to be paid every year, after the end of the year, an additional 1% will be recovered as penalty interest on the number of varieties to be given by the corporation.
repayment Loans for Self Employed with bad credit
- The principal and interest will be recovered from the beneficiaries in 20 installments by the corporation.
- guarantee
- Selection for Bihar Chief Minister Loan Scheme
- How will Bihar Chief Minister minority loan be given
- Online Application for Bihar Chief Minister Minority Loans for Self Employed with bad credit
- Guarantee
- Selection for Bihar Chief Minister Loan Scheme
- How will Bihar Chief Minister minority loan be given
- Online Application for Bihar Chief Minister Minority Loans for Self Employed with bad credit
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Loans