Changing lives of the people
JLG Lending
JLG Lending
Under this methodology the client segment is selected using the eligibility criteria of NFPL. Clients who are engaged in a regular income activity are motivated to form a group of five likeminded people of the same status and locality.
- 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. - 23.30%
- 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.