Product
Lighting the lives of the low-income households..
Income Generation Loans
Purpose
The Income Generating Loan is used for a variety of activities that generate income for their families, which enhances lifestyle of the clients. This helps them clients to expand their current business or to start a new business.
| INCOME GENERATION LOANS | |||||
| Purpose | |||||
| The Income Generating Loan is used for a variety of activities that generate income for their families, which enhances lifestyle of the clients. This helps them clients to expand their current business or to start a new business. | |||||
Eligible Criteria |
Customer availing Loan for the first time |
Customer who repays the loan on-time and with long term relationship and customer availing loan for first time |
Customer who repays the loan on-time and with long term relationship and customer availing loan for first time. |
Customer who repays the loan on-time and with long term relationship. |
Customer who repays the loan on-time and with long term relationship. |
Loan term |
12/18 months |
18/24 months |
24 months |
24 months |
24 months |
Repayment Frequency |
Weekly, Fortnightly and Monthly |
Weekly, Fortnightly and Monthly |
Weekly, Fortnightly and Monthly |
Weekly, Fortnightly and Monthly |
Weekly, Fortnightly and Monthly |
Loan size (Amount in Rs.) |
Rs. 25,000 |
Rs. 30,000 |
Rs. 35,000 |
Rs. 40,000 |
Rs. 45,000 |
Customer Insurance |
Rs. 147 |
Rs. 322 |
Rs. 375 |
Rs. 429 |
Rs. 482 |
Guarantor Insurance |
Rs. 147 |
Rs. 322 |
Rs. 375 |
Rs. 429 |
Rs. 482 |
Processing Fees |
Rs. 250 |
Rs. 300 |
Rs. 350 |
Rs. 400 |
Rs. 450 |
Service tax on processing Fees |
Rs. 45 |
Rs. 54 |
Rs. 63 |
Rs. 72 |
Rs. 81 |
Family welfare loans
Purpose
These loans are given to the clients to enhance the quality of lifestyle of the customers. This is used to fulfill the basic home consumption needs of our customers.
| PRODUCTS | ||||
| Type of loan | Home Appliances | |||
Eligible Criteria |
Customer of Existing group loan |
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Loan term |
6 months |
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Repayment Frequency |
Weekly, Fortnightly and Monthly |
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Loan size (Amount in Rs.) |
Rs. 4000 |
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Loan processing fees |
1% of loan amount + 18% service tax on service charge |
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