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| Business Loan |
Rs. 6,000 – Rs. 10,000 (1st year)
Rs. 6,000 – Rs. 15,000 (2nd year)
Rs. 6,000 – Rs. 20,000 (3rd year)
Rs. 6,000 – Rs. 25,000 (4th year)
• 1.07% flat monthly (23% p.a. declining)
for 1st Loan
• 1.03% flat monthly (22% p.a. declining)
for repeat cycle loans
• 12 months/ 48 weeks |
This loan gives self-employed women access to financing to support their businesses (selling fruits/ vegetables/ flowers, running petty shops, tailoring, etc.) Customers typically use this to finance diverse business needs such as working capital, capital equipment expenditure, vocational training, repayment of high-cost debt etc. |
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| Family Loan |
Rs. 6,000 – Rs. 10,000 (1st year)
Rs. 6,000 – Rs. 15,000 (2nd year)
Rs. 6,000 – Rs. 20,000 (3rd year)
Rs. 6,000 – Rs. 25,000 (4th year)
• 1.17% flat monthly (25% p.. declining)
for 1st loan
• 1.12% flat monthly (24% p.a. declining)
for repeat cycle loans
• 12 months/ 48 weeks |
This allows low-income women to finance a range of family needs such as children's school expenses, medical care, house repairs, social and religious obligations, buying consumer durables, and the repayment of high-cost debt previously taken for family needs |
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| Combo Loan |
Rs. 6,000 – Rs. 10,000 (1st year)
Rs. 6,000 – Rs. 15,000 (2nd year)
Rs. 6,000 – Rs. 20,000 (3rd year)
Rs. 6,000 – Rs. 25,000 (4th year)
• 1.07% flat monthly (23% p.a. declining)
for 1st Loan
• 1.03% flat monthly (22% p.a. declining)
for repeat cycle loans
• 12 months/ 48 weeks |
Many women need money for both family and business needs. This loan provides flexibility to the customer and is used for both family and business purposes |
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| Processing fee: 2% of loan amount |
| Top Up Loan |
Rs. 3,000 – Rs. 6,000
• Interest rate charges are dependent on
loan utilization e.g. for Business or for Family
• 12 months/ 48 weeks
• Processing fee: Rs.75 |
Some women need additional finances during the year to address their business or family requirements. This loan allows customers access to additional money over and above their initial loan and is given based on a satisfactory credit history. |
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| Emergency Loan |
Rs.2,000
• 1.17% flat monthly (25% p.a. declining)
• 6 months/ 24 weeks |
This loan is designed to meet the unforeseen emergency requirements of customers and is disbursed within 24 hours of request |
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| Festival Loan |
Rs.2,000
• 1.17% flat monthly (25% p.a. declining)
• 6 months / 24 weeks |
This is a value-added loan which assists customers in covering additional expenses incurred during religious/ community festivals |
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| Processing fee: None |
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| Education Loan |
Rs.3,000 – Rs.10,000
• 1.07% flat monthly (23% p.a. declining)
• 12 months/ 48 weeks
• Processing fee: 2% of loan amount |
To help promote education among the poor, this loan has been designed to finance the education expenses (admissions fees, text books, uniforms) of children studying between Kindergarten and pre-graduation |
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| Individual Business Loan (IBL) |
Rs.10,000 – Rs.50,000
• 28% p.a. declining
• 12 months |
This is a major individual loan and gives men and women business owners access to financing for capital expansion and asset improvement of their businesses |
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| Livestock Loan |
Rs.15,000 – Rs.35,000
• 25% p.a. declining
• 12 months |
This loan provides access to capital for purchasing more cattle and increasing dairy incomes |
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| Housing Loan |
Rs.10,000 – Rs.50,000
• 24% p.a. declining
• 6 – 24 months |
This gives women financial access to pay for rental deposits, lease amounts, or for home improvements |
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| Processing fee: 2% of loan amount for all individual loans |
Life Insurance
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Rs.100 premium from customer |
This is a mandatory life insurance cover for the women while spouse cover is optional. We have partnered with ICICI Prudential to offer a Group Term Life (GTL) insurance policy. This policy provides a sum assured value of Rs. 30000 in case of natural or accidental death. |
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| Funeral Advance |
Rs.2,000 provided to nominee |
This provides financial assistance to the bereaved family at the time of death. Given in cash to the nominee or family member within 24 hours of death of an insured member. This is an advance from the claim amount receivable from ICICI Prudential. |
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