Micro Home Improvement Loan
Housing related requirements has huge demand in India considering its population scale & demand-supply gap. The gap widens for Economically Weaker Section & Lower Income Group. The Micro Home Improvement Loan has been designed to narrow the gap and provide with affordable financial solution to the marginalized segment for housing related end usage.
Target Segment
The target market of Micro Home Improvement loan shall be customers who are looking for small scale home improvement/renovation or construction activities.
Under-Construction properties
Customers planning for linear/Vertical extension of the house
Refinance: Customers who have completed their Home Improvement/Extension
Product Parameter
| Ticket Size | Minimum 2 Lakhs to Maximum 10 Lakhs |
| Tenure | Minimum 24 months to 120 months |
| ROI | Starts from 17% p.a. |
| End Use |
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Micro Business Loan
Micro Business profiles are the bottom layer of the enterprising community. Just being above the “Bottom of Pyramid”, they have huge potential for growth. Lack of Capital, low skills of a large population and low purchasing power created a unique trade and services eco-system in India.
Target Market
The Target Market of Micro Business loan will consist of Individuals/Proprietorship firms engaged in economic activities of Income generating nature. Some of these small businesses include traders, manufacturing units, power looms, household enterprises, Business professionals, service providers etc.
Product Parameter
| Ticket Size | Minimum 2 Lakhs to Maximum 15 Lakhs |
| Tenure | Minimum 24 months to 120 months |
| ROI | Starts from 18% p.a. |
| End Use |
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Micro Loan against Property
Aims to provide financial assistance for general and personal needs to customers like Asset Creation, Debt Consolidation and consumption purposes of Applicants and Co-applicants
Product Parameter
| Ticket Size | Minimum 2 Lakhs to Maximum 10 Lakhs |
| Tenure | Minimum 24 months to 120 months |
| ROI | Starts from 20% p.a. |
| End Use |
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