Sarala’s Loan Products

The loan caters to the need of underprivileged women borrowers who aspire to start their business to become financially independent. Sarala provides Small enterprise loans to promising or existing entrepreneurs who require seed money or working capital funds to access the resources and start their ventures. This helps the entrepreneurs with their start-ups to enhance their capacity and efficiency. Loans are offered to merchants, retailers, service providers and similar underserved people in India’s rural and unbanked pockets.



Own Products details

Name of Loan Product Income Generation Loan Water-Sanitization Loan
Maximum Amount Up to Rs.60,000/- Up to Rs.75,000/-
Interest Charged (p.a) 27% 25%
Period 12-36 Months 12-24 Months
Instalment frequency Fortnightly/ Monthly Monthly
Processing Fee 1%- 1.5% +GST 2% + GST
Insurance Fee Actual Actual
 

BC Products details

Name of Loan Product IDBI Bank BC Federal Bank BC Loan ESAF SFB BC Loan Innofin Lenden Monexo
Maximum Amount Up to Rs.50,000/- Up to Rs.60,000/- Up to Rs.75,000/- Up to Rs.60,000/- Up to Rs.60,000/-
Interest Charged (p.a) 23% 25% 26.00% 27% 27%
Period 12-24 Months 12-36 Months 12-24 Months 12-24 Months 12-24 Months
Instalment frequency Fortnightly Monthly Monthly Monthly Monthly
Processing Fee NIL 1-2%+ GST 1-2%+ GST 1-2% + GST 1-2%+ GST
Insurance Fee Actual Actual Actual Actual Actual
 

Sarala’s Interest rate for Microfinance Loans for Quarter 3 FY 2024-2025 (Oct-Dec, 2024)

Loan Products Min Interest rate p.a Max Interest rate p.a Average Interest rate p.a. (In the last quarter) Processing Fees
Own (Rs. 10,000 - Rs. 60,000) 27.00% 27.00% 27.00% 1%- 1.5% +GST
BC Loan (IDBI) 23.00% 23.00% 23.00% No PF
BC Loan (Federal) 25.00% 25.00% 25.00% 1% + GST
BC Loan (Monexo) 27.00% 27.00% 27.00% 2% + GST
BC Loan (ESAF) 26.00% 26.00% 26.00% 1% + GST

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