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Suvidha Shakti Loan

Now avail a loan designed specifically for your renovation needs! With IDFC FIRST Bank Suvidha Shakti Loan, you can avail credit to meet various home improvement requirements like fixing water connection, sanitation or basic repair work.Read More

Features that make this a reliable loan option include –
• Wide coverage for loan purpose
• Loan applicable only for existing Sakhi Shakti CustomersRead Less

Type of Loans under Suvidha Shakti program

Water Connection Loan

With the help of a rural housing loan, you can build a safe and drinkable water solution for your home. Under the water connection loan, IDFC FIRST Bank Suvidha Shakti Loan offers multiple micro loans such as

  • Building household water connections
  • Protecting wells and boreholes/bore-well
  • Investing in hand pumps, rainwater harvesting systems, and water storage tanks/water purifier system

Sanitation Loan

Take action on sanitation issues with the support of rural housing finance. With IDFC FIRST Bank Suvidha Shakti Loans, you can apply for the building and maintenance of your sanitation requirements. The type of sanitation work covered under this loan includes

  • Toilet or latrine construction
  • Septic tank installation
  • Sewerage network connection/underground drainage

Renovation

Whether you want to upgrade your home décor or get urgent reparation work done, with IDFC FIRST Bank Suvidha Shakti Loan, you can apply for micro loans for home improvement work like

  • Kaccha-to-pucca conversion such as the construction of a wall, roof etc.
  • Extension of the house such as the construction of room/kitchen/walls etc.
  • Renovation/repair of the house such as flooring, roofing, plastering, brick works, wood works within windows, doors, grilling, etc.
  • Construction of productive housing where a separate unit is attached to the house for commercial activities such as: tiny/ cottage industry or service, artisan activities, shop, any other productive activity, agricultural and allied activities.

Rural Housing Loan Amount

  • Water credit: ₹10,000 - ₹50,000
  • Sanitation: ₹15,000 - ₹50,000
  • Water and sanitation(combined): ₹25,000 - ₹1,00,000
  • Renovation, repair, extension, productive housing: ₹25,000 - ₹1,00,000

FEES & CHARGES

Find out about our minimal and transparent fees & charges

View Fees & Charges

FREQUENTLY ASKED QUESTIONS

Who can apply for this rural housing loan?

All existing Sakhi Shakti (JLG) members are eligible to avail of this loan.

Can I avail of this loan to repair a defunct toilet in my home?

Yes, you can avail Micro Housing Loan for repairing the toilet of your home.

My Sakhi Shakti Loan just ended last month? Can I avail the Suvidha Shakti Loan?

No, you need to be an active JLG Client to avail of this loan.

What all documents need to be given to avail of this loan?

We will need the documents from you:

·         Identity proof of applicant and co-applicant is needed.

·         Property ownership proof such as electricity bills/ registered sale deed/latest property tax receipts/linked documents like city survey utara, 7/12 extract, panchayat certificate, Patta or any other document to established the ownership from any local authority as per market practice.

Do we need to mortgage any property to avail of this loan?

No, this is a mortgage-free loan. You need not keep anything as security to avail this loan.

Is an End-Use Check mandatory for this loan?

Yes, an End-Use Check of the constructed asset (water connection/ toilet/ renovation/ extension) is mandatory. It is mandatory to use the loan money for the purpose for which it was availed.

What all purpose are covered under Micro Housing Loan?

Water connection Loan:

·         Household water connections

·         Protected wells and boreholes/bore-well.

·         Hand pumps, rainwater harvesting systems, and water storage tanks/Water Purifier System.

 

Sanitation:

·         Toilet or latrine construction.

·         Septic tank installation.

·         Sewerage network connection/underground drainage.

 

Renovation/Repair/Extension:

·         Kaccha-to-Pucca Conversion such as the construction of a wall, roof etc.

·         Extension of house such as construction of room/kitchen/walls etc

·         Construction of productive housing where a separate unit is attached to the house for commercial activities such as:

·         Tiny/ cottage industry or service

·         Artisan activities

·         Shop

·         Agricultural and allied activities

·         Any other Productive activity

·         Renovation/repair of house such as flooring, roofing, plastering, brick works, wood works within windows, doors, grilling, etc.

I stay in a rented flat. Do I need a basic water connection in this home? Can I avail the loan?

No, you need to have a property of your own for availing MHL.

What is the maximum loan amount and loan tenor that will be given under MHL?

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