Changing lives of the people
Individual Lending
Individual Lending
Loans to address the working capital needs of small businesses operating out of authorized market places or clusters of shops organized under a trader’s association. Includes predominantly male customers.
- Loan Size : Rs.10,000.00 to Rs.1,00,000.00
- Loan Tenure : 12,18.24 and 36 Months
- Repayment Frequency : Monthly
- Rate of Interest : Min-18.00% (for unserved and underserved area) Max – 24.00% Avg. - 23.96%
- Processing Fee : 1%
GST Collect
GST is collected @ 18 % on loan processing fees all loan amount disbursed to clients.
Insurance
Actual cost of Insurance Premium i.e. @ 6.00 per thousand including Service Tax on loan amount disbursed to clients (in case of death of client during the currency of loan, insurance company pays the insured amount) is collected from client.