Swabalamban Bank offers micro loan and micro business loan products for its clients. Loan decisions are made on the basis of client’s: a) knowledge of the business, b) credit history (for repeat clients) c) performance of the non-financial aspects (i.e. attendance, participation in the center activities etc.). Borrower’s needs, timely repayment of loan and its utilization, borrower’s loan absorption capacity are the basis to approve the consecutive loan.
|
Micro Loan (Non-Collateral) |
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|
S.N. |
Loan
Name |
Max.
Loan Limit |
Repayment
Period |
Eligibility
Criteria |
Interest
Rate |
Service Charge % |
|
1 |
General Loan |
Up to 7 Lakh |
i. Up to 1
Lakh for Max. 1 Year |
Member
Customer |
15% |
1.5 |
|
ii. From 1
Lakh to 2 Lakh Max. 2 Year |
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|
iii. From 2 Lakh to 3 Lakh Max. 3 Year |
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|
iv. From 3
Lakh to 4 Lakh Max. 4 Year |
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|
v. From 4
Lakh to 7 Lakh Max. 5 Year |
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|
2 |
Seasonal Loan |
Up to 1 Lakh |
Max. 12 Month |
Upon the
payment of 5 Installment of General Loan |
15 % |
1.5 |
|
3 |
Special Loan |
Up to 30,000 |
Max. 1 year |
Special
Member only |
15 % |
-- |
|
4 |
Emergency
Loan |
Up to 20,000 |
Max. 1 year |
Member
Customer only |
15 % |
1.5 |
|
Up to 25,000(Special
Member) |
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|
Up to 40,000 |
Max. 3 years |
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|
5 |
Renewable
Energy Loan |
Up to 3 Lakh |
Max. 3 year |
Should have
Paid iv. General Loan |
15 % |
1.5 |
|
6 |
Environment
Loan |
Up to 50
Thousand |
Max. 3 Year |
Should have
Paid ii. General Loan |
15% |
1.5 |
|
7 |
Project Loan |
Up to 1 Lakh |
Max. 4 Year |
Should have
been approved By Head Office for Member Customer of Specific branch |
15% |
-- |
|
8 |
House
Maintenance & Improvement Loan |
Up to 1 Lakh |
Max. 2 Year |
Should have
been using ii. General Loan |
15% |
1.5 |
|
9 |
Rural Tourist
Business Loan |
Up to 3 Lakh |
Max. 2 Year |
Only Approved
Branch office by Head Office |
15% |
1.5 |
|
10 |
Business
Rehab Loan |
Up to 1 Lakh.
(In Case of Collateral Loanee, up to 3 lakh) |
Max. 3 year
Up to 1 Lakh and for above 1 Lakh Up to 5 Year |
Only Approved
Branch office by Head Office |
15% |
1.5 |
|
Micro Business (Collateral) |
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|
S.N. |
Loan Name |
Max. Loan Limit |
Repayment Period |
Eligibility
Criteria |
Interest Rate |
Service Charge % |
|
1 |
Micro-enterprise
Loan |
Up to 7 Lakh |
Up to 3
Lakh for Max. 2 Year |
Member as
well as non-member |
15% |
1.5 |
|
From 3
Lakh to 7 Lakh Max. 5 Year |
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|
2 |
Foreign
Employment Loan |
Up to 2 Lakh |
Max. 2 Year |
Applicable
for those who are capable of using iv. General Loan |
15% |
1.5 |
|
3 |
Education
Loan |
Up to 5 Lakh |
Max. 4 Year |
Applicable
for those who are capable of using ii. General Loan |
15% |
1.5 |
|
4 |
Housing Loan |
Up to 5 Lakh |
Max. 5 Year |
Applicable
for those who are capable of using iv. General Loan |
15% |
1.5 |
|
5 |
Individual
Loan |
Up to 7 Lakh |
Up to 3 Lakh
for Max. 2 Year |
Member who
doesn’t Join Group. Saving is not
permitted |
15% |
1.5 |
|
From 3 Lakh
to 7 Lakh Max. 5 year |
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|
6 |
Micro-enterprise
working Capital Loan |
Up to 1 Lakh |
Max. 1 Year |
Applicable
for those who have take micro-enterprise loan and has paid installment for
more than 6 Month |
15% |
1.5 |
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