Loan Products & Interest Rates

Income Generation Loan Home Improvement Loan Secondary Loan MSME 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 Product 1-100000
Product 2-150000
Product 3-200000
Purpose Livestock, vegetable vending, Family enterprises, artisans etc. Toilet, Bathroom,Roofing Flooring,Plastering, Wall Painting, Construction 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/-. Business Loan for Small and Medium Enterprises
ROI & Duration 24.82% MFSL (For quarter October to December 2018)
•24% IDBI Bank
•26% Reliance
•15-18 months
• 23%
• 36 months
24.82%
• Co-terminus with existing loan
• 26%
• 36 months
• 48 months
• 60 months
Loan Processing Charges • 1% of Loan amount with applicable taxes • 2% of loan amount with applicable taxes • 1% of Loan amount with applicable taxes • 2% of the 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