Loan Interest

Grameen Loan Cycle-1 Cycle-2 Cycle-3
Loan Amount INR 5000, INR 7500, INR 10,000 INR 12000, INR 15,000 INR 20,000
Upfront Fee 0% 0% 0%
Repayment Term 12 Months 18 Months 24 Months
Nominal Rate of Interest 18% 18% 18%
Districts covered Tamil Nadu: * Kancheepuram * Thiruvallur * Villupuram
Rajasthan: * Pali
Grameen Loan Cycle-1 Cycle-2 Cycle-3
Loan Amount INR 5000, INR 7500, INR 10,000 INR 12,000,
INR 15,000
INR 20,000
Upfront Fee 1% 1% 1%
Repayment Term 12 Months 18 Months 24 Months
Nominal Rate of Interest 23% 23% 23%
Districts covered Tamil Nadu: *Salem * Trichy * Sivagangai * Virudhunagar * Tutirocin * Thirupur
Karnataka: *Bengaluru Rural
Madhya Pradesh: * Dewas * Indore
Odisha: * Sundargarh
Maharashtra: * Pune
Water & Sanitation Loan Water Tap Toilet
Loan Amount Rural – INR 3,000
Urban – INR 6,000
Rural – INR 10,000
Urban – INR 12,000
Upfront Fee 0% 0%
Repayment Term 12 Months 18 Months
Nominal Rate of Interest 18% 18%
Districts covered Tamil Nadu: * Kancheepuram * Thiruvallur * Villupuram
Education Loan Up to Grade 8 Above Grade 8
Loan Amount INR 10,000 INR 15,000
Upfront Fee 0% 0%
Repayment Term 12 Months 12 Months
Nominal Rate of Interest 18% 18%
Districts covered Tamil Nadu: * Kancheepuram * Thiruvallur * Villupuram
Education Loan Up to Grade 8 Above Grade 8
Loan Amount INR 10,000 INR 15,000
Upfront Fee 1% 1%
Repayment Term 12 Months 12 Months
Nominal Rate of Interest 23% 23%
Districts covered Tamil Nadu: * Salem * Trichy * Sivagangai * Virudhunagar * Tutirocin * Thirupur
Dairy & Horticulture Loan Cycle – 1
Loan Amount INR 30,000
Upfront Fee 0%
Repayment Term 24 Months
Nominal Rate of Interest 23%
Districts covered Tamil Nadu: * Kancheepuram * Villupuram

Note: All the above loans are having one month moratorium period for Principal repayment.