Loan Products & Interest Rates

Income Generation Loan Home Improvement Loan Secondary Loan Clean Energy and Product Loan
Loan Amount (Multiplies of 5000) 20000-30000 50000-75000 (multiples of 5000) 10000-20000 (multiples of 5000) and not more than 50% of the existing loan amount 1500 -10000 (loan amount=cost of product)
Purpose Livestock, vegetable vending, Family enterprises, artisans etc. Toilet, Bathroom,Roofing Flooring,Plastering, Wall Painting, Constructio,n staircase, Door, window, Raising wall For existing purpose as a top up to the existing loan. 25% of loan is allowed for consumption or health purpose, education purpose for purchase of books or payment of tution fee (max loan for education is Rs.5000/-. Purchase of solar lights, Mobiles/ Cycles, induction cooking stove etc.
ROI & Duration • 24.72% MFSL (For quarter April to June 2018)
•24% IDBI Bank
• 23%
• 36 months
• 25.71%
•Co-terminus with existing loan
• 5.71%
•Co-terminus with existing loan
Loan Processing Charges • 26%Reliance
• 12-24month
• 1% of Loan amount with applicable taxes
• 2% of loan amount with applicable taxes • 1% of Loan amount with applicable taxes • 1% of Loan amount with applicable taxes
Other Charges Insurance Premium as per actual Insurance Premium as per actual Insurance Premium as per actual Insurance Premium as per actual