Preloader
Product - Micro Loans Product - Micro Loans

Micro Loans

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.

Group Loan

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

Individual Loan

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