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‘Sarala’s Loan Products
Loan Products as of March 31, 2023
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.
Sarala’s Interest rate for Microfinance Loans for Quarter 2 (July-September 2023)
| Loan Products | Min Interest rate p.a | Max Interest rate p.a | Average Interest rate p.a. |
|---|---|---|---|
| Own (Rs. 10,000 - Rs. 60,000) | 27% | 27% | 27% |
| BC Loan (IDBI) | 23% | 23% | 23% |
| BC Loan (LDC) | 27% | 27% | 27% |
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