Empowering dreams via reliable Micro Financing
Every dream is valid, and every entrepreneurial aspiration must get the support to see the light of the day. With this intent and belief, we launched the Micro Finance facility as a financial support offering for underprivileged, underserved and unserved sections of the society. People have always been at the core of MAG Finserv, and this financial offering is our way to ensure upliftment of the rural population—especially the enterprising women—via empowering funds.
Started in the year 2014, under this financing category we assist self-help groups of women with easy and quick funds, with minimal documentation requirement like PAN Card, Aadhaar Card, Voter ID (Voter ID Compulsory), etc.
We offer a loan amount of Rs. 30,000 to Rs. 80,000 with the repayment tenure schemes ranging between 1 to 2 years. Additionally, we also offer a top-up loan facility post 6 months of loan disbursal and even make available a consumer loan or gold loan facility as top-up.