The eligibility for Loan is determined based on the value of the property provided as collateral and the customer’s financial capability to repay the loan in the required time.

Given below are some of the criteria that an individual must follow when applying for a Loan

• The woman applicant must be the primary income contributor and the primary applicant to the loan
• The woman applicant must be the sole owner or one of the co-owners of the business
• Customer should be more than 21 years of age but not more than 70 years at the time of loan maturity
• Borrower should have a bank account
• Borrower should be residing in a city where Female Sugam Finance’s Office is located
• Guarantor not compulsory
• Loan is given against a property (Eg. House of the Applicant) which becomes a collateral with Female Sugam Finance against the loan taken. All the owners of the property being financed and all individuals whose income has been considered for the loan have to be the co-applicants to the loan
• The property against which the loan is given will be considered as the collateral for the loan

• Application form with all required details filled in
• Identity proof such as Pan Card, Voters ID Card, Passport, Aadhar card
• Address proof such as electricity bill, ration card
• Income proof documents, if available
• Bank passbook or bank Statements
• Copies of the property papers