These are purpose based loans given at moderate rates under Joint Liability Group (JLG) model.
It includes following products:

• Business Loan.
• Family Loan.
• Agriculture and Allied Loan.
• Education Core Loan.
• GL Top-up Loan.
• Emergency Loan.
• Education Loan (Top up).
• Loyalty Loan.
  • Loan amount:   `2,000 -   `60,000.
  • Rate of Interest: 22% p.a on a reducing balance method (governed by the MCLR based pricing policy of the bank).
  • Processing Fee: 1.2% of loan amount (excluding applicable GST) (applicable for loans above   `25,000).
  • Tenure: 6 months/1 year/1.5 years/2 years.

Purpose based loans given on an individual basis to our customers without any group guarantee.
It includes following products:

• Individual Business Loan (IBL).
• Individual Livestock Loan (ILL).
• Home Improvement Loan (HIL).
• Individual Agriculture Loan (IAL).
• Individual Bazaar Loan (IBZL).
• Open Market Livestock Loan (OMLL).
• Higher Education Loan (HEL).
• Open Market Home Improvement Loan (OMHIL).
  • Loan amount:   `51,000 -   `2,00,000   ( `1,00,000 for IAL).
  • Rate of Interest: 23.25% p.a on a reducing balance method (24% for IBZL and OMHIL) (governed by the MCLR based pricing policy of the bank).
  • Processing Fee: 1% - 2% of loan amount (excluding applicable GST) (Zero for HEL).
  • Franking Charge/Stamp duty: As per state act.
  • Late payment charge:   `100 per late EMI (including applicable GST).
  • Pre-closure charge: 2% of the principal outstanding including applicable GST (There is no pre-closure charges if a customer pre-closes her loan after paying 80% of her installments.) (Not applicable for HIL, HEL and OMHIL).
  • Tenure: 6 Months – 36 Months (2 years – 7 years after commencement of repayment for HEL).