Loan Feature Micro Credit
Loan Purpose Income Generation
Product Design Minimum Loan Size Maximum Term
First cycle Rs. 10,000 12/18/24 months
First cycle Rs. 13,000 12/18/24 months
First cycle Rs. 15,000 12/18/24 months
First cycle Rs. 18,000 12/18/24 months
First cycle Rs. 20,000 18/24 months
First cycle Rs. 23,000 18/24 months
First cycle Rs. 25,000 18/24 months
Second cycle Rs. 28,000 24 months
Second cycle Rs. 30,000 24 months
Second cycle Rs. 33,000 24 months
Second cycle Rs. 35,000 24 months
Second cycle Rs. 38,000 24 months
Second cycle Rs. 40,000 24 months
Third cycle Rs. 43,000 24 months
Third cycle Rs. 45,000 24 months
Third cycle Rs. 48,000 24 months
Third cycle Rs. 50,000 24 months
Top-Up Rs. 10,000 12 months
Top-Up Rs. 15,000 12 months
Installment Frequency Monthly
Other Requirements

1. Must meet our minimum credit parameters

2. Maximum group size 20 members

3. Members should be located at a distance of 5 minutes from the centre

4. Must know each other

5. Each member in a JLG should opt for the same repayment frequency monthly.

Interest Rate 24.915 % p.a. on reducing balance
Loan Processing Fees 1 % of the loan amount + Goods and Services Tax(GST) as Actual
Client Enrolment Fees NIL
Penalty charges for any delayed Payment NIL
Foreclosure / Pre-payment charges NIL
Insurance Premium Actual as per the insurance company premium sheet.
Moratorium Period The period of moratorium between the grant of loan and the due date of the repayment of the first installment will be minimum 30 days and maximum of 45 days
Margin Money or Security Deposit N.A.


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