Members can get advances under the daily loan repayment scheme. This scheme is to encourage the members to start income generation ventures and repay the loan on daily basis. The loan period can be a minimum of 90 days and maximum period is 180 days. The loan amount is maximum of the total investment in the company.

For Daily Loans, the loan rate of interest will be a standard rate of interest. There will be 2% additional charges will be applicable for SHG loans in addition to the standard loan processing charges.

Terms & Conditions:

  1. The loan period will be for three or six months.
  2. The loan amount will be maximum of Rs. 100,000/-
  3. A person having daily income will be admissible for D.L.S.
  4. The borrower must have saving account with DBNL Nidhi.
  5. The loan will be paid back by daily installments
Loan Amount (3 Month) Daily Installment Loan Amount (6 Month) Daily Installment
10,000 115 10,000 60
20,000 230 20,000 120
30,000 345 30,000 180
50,000 580 50,000 300
1,00,000 1160 1,00,000 600