Running out of cooking gas in the middle of the month can be a major concern for families, especially those with limited incomes. For households struggling to arrange money for an immediate cylinder refill, Bharatgas has introduced a micro-loan facility of up to Rs 600. The facility allows eligible customers to refill their LPG cylinders without paying the entire amount upfront.
Micro-loans of up to Rs 600
Under this facility, Bharatgas customers can avail themselves of a micro-loan of up to Rs 600 for LPG cylinder refills. The scheme follows a ‘Buy Now, Pay Later’ model, allowing customers to refill their cylinders when needed and repay the borrowed amount later in instalments.However, the loan amount approved will depend on the customer’s eligibility and applicable conditions.
Zero per cent interest on the loan
One of the key features of this facility is its zero-interest benefit. Customers approved for a loan of Rs 600 will have to repay only the borrowed amount, without any additional interest, subject to the applicable terms and conditions.Customers should check with their Bharatgas distributor for details of any additional charges or other conditions before applying.
Repayment in weekly instalments
Customers can repay the loan through weekly instalments, making it easier to manage the expense. For instance, a customer borrowing Rs 600 will have to pay Rs 100 per week for six weeks.
This arrangement eliminates the need to repay the entire amount at once and can provide temporary financial relief to households with limited budgets.
How to avail of the facility?
Bharatgas customers interested in this micro-loan facility can contact their nearest Bharatgas distributor.
The distributor will provide information about the application process, eligibility criteria, approved loan amount and repayment procedure.Customers should also confirm whether the facility is available in their area and understand the conditions before applying.
Things to check before applying
The micro-loan facility is not automatically available to every customer. Approval depends on eligibility and other applicable conditions. Customers should confirm the loan amount, repayment schedule, payment method and any additional charges with their distributor.
Those with limited incomes should also plan their weekly repayments carefully to ensure that instalments do not affect their essential household expenses.