Banking correspondent microfinance business refers to a financial service model that combines the functions of a banking correspondent and NBFC to provide basic banking and financial services to underserved communities, particularly in rural areas.
Shiksha Finance has entered into BC relationship with Federal Bank for extending Microfinance loans. The business correspondent relationship between Federal bank and Shiksha Finance is a strategic collaboration aimed at expanding financial inclusion by leveraging each other’s strengths. It allows Federal Bank to extend their reach into underserved areas while enabling Shiksha Finance to diversify our service offerings and generate additional revenue streams.
- Household Income of applicant
- Repayment Obligations and Credit health of applicant
- Hassle free process
- Loan amount starts from 30k
- Tenor ranges between 24 m
- Affordable rate
- No hidden cost
Easy and minimal post sanction, documentation process:
- KYC and regulatory documents
- Loan agreements