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.