The business loan is for men and women engaged in small and medium scale businesses and other income generating activities but who face liquidity problems, financial insolvency, and do not meet the requirements of obtaining loans from banks.

Loan amount

INR 61,000- 100,000

Installments frequency

Weekly

Fortnightly

Monthly

Number of installments

106 Weeks

53 Fortnights

24 Months

Rate of interest

23.25% reducing

Processing fee

1% of the loan amount plus applicable GST

Insurance / loan processing fees

INR 4.50 for per INR 1,000 per year plus applicable GST

Admission fee

NIL

Security deposit

NIL

Penalty for repayment/ late payment

NIL