Our micro loan products encompass solutions and are designed to cater the varying needs of our target customer segments. Micro loan products categorised into group loans and individual loans range from `2,000 to `1,50,000. Our products empower the initiatives of “economically active poor” and the “missing middle” customers segments and help them fulfil their dreams.
1. Group Loan
These are purpose based loans given at moderate rates under Joint Liability Group (JLG) model. It includes following products:
Business Loan
Family Loan
Agriculture and Allied Loan
Business Top-up Loan
Emergency Loan
Education Loan
Loyalty Loan
Loan Amount: `2,000 – `50,000
Rate of Interest: 21.25% p.a on a reducing balance method
Processing Fee: 1% of loan amount (excluding taxes)
Tenure: 1 year/2 year
2. Individual Loan
Purpose based loans given on an individual basis to our customers without any group guarantee. It includes following products:
Individual Business Loan
Individual Livestock Loan
Home Improvement Loan
Higher Education Loan
Individual Agriculture Loan
Individual Loyalty Loan
Loan Amount: `51,000 – `1,50,000
Rate of Interest: 23.25% p.a on a reducing balance method
Processing Fee: 1% - 2% of loan amount (excluding taxes)
Tenure: 6 Months – 36 Months
© 2018 Ujjivan Small Finance Bank Ltd. CIN NO: U65110DL2016PLC302481
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