Microfinance Products:

Existing Product Own Portfolio):

  • Small Loans to women for income generation

Name of Loan Product

Suchana 1

Suchana 2

Suchana – Bi-weekly

Maximum Amount

₹ 15,000/-

₹ 15,000/-

₹ 20,000/-

Interest Charged Reducing)

23.62%

25.12%

25%

Period

12 Months

10 Months

12 Months

Processing Fee

1%

1%

1%

Repayment Frequency

Weekly

Weekly

Bi-weekly

Service Tax

14.5% of Processing Fee

14.5% of Processing Fee

14.5% of Processing Fee

Deposit

Nil

Nil

Nil

No. of Installments

45

37

24

Insurance Fee

On Actual

On Actual

2 weeks moratorium after loan disbursed.

Existing Product (Business Correspondence):

  • Small Loans to Women for Income generation

Name of Loan Product

IDBI-BC 1

Suchana 2

Maximum Amount

₹ 15,000/-

₹ 30,000/-

Interest Charged (Reducing)

23%

23%

Period

12 Months

12 Months

Processing Fee

0

0

Repayment Frequency

Weekly

Weekly

Insurance Fee

On Actual

Upcoming Product:

  • Small Loan to Women for Income generation

Name of Loan Product

Business Loan -1

Business Loan -2

Maximum Amount

₹ 20,000/-

₹ 20,000/-

Interest Charged (Reducing)

25%

25%

Period

12 Months

12 Months

Processing Fee

1%

1%

Repayment Frequency

Bi-weekly

Monthly

Insurance Fee

On Actual