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 |