Loan

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.

Types of Loan

Mirco Loan (Non-Collateral)

Micro Loan (Non-Collateral)

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%

1.3

ii. From 1 Lakh to 2 Lakh Max. 2 Year

 iii. From 2 Lakh to 3 Lakh Max. 3 Year

iv. From 3 Lakh to 4 Lakh Max. 4 Year

v. From 4 Lakh to 7 Lakh Max. 5 Year

2

Seasonal Loan

Up to 1 Lakh

Max. 12 Month

Upon the payment of 5 Installment of General Loan

15 %

1.3

 

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 %

1.3

Up to 25,000(Special Member)

Up to 40,000

Max. 3 years

5

Renewable Energy Loan

Up to 3 Lakh

Max. 3 year

Should have Paid iv. General Loan

15 %

1.3

6

Environment Loan

Up to 50 Thousand

Max. 3 Year

Should have Paid ii. General Loan

15%

1.3

7

Project Loan

Up to 1 Lakh

Max. 4 Year

Should have been approved By Head Office for Member Customer of Specific branch

15%

1.3

8

House Maintenance & Improvement Loan

Up to 1 Lakh

Max. 2 Year

Should have been using ii. General Loan

15%

1.3

9

Rural Tourist Business Loan

Up to 3 Lakh

Max. 2 Year

Only Approved Branch office by Head Office

15%

1.3

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%

1.3


Mirco Business (Collateral)

Micro Business (Collateral)

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%

1.3

From 3 Lakh to 7 Lakh Max. 5 Year

2

Foreign Employment Loan

Up to 2 Lakh

Max. 2 Year

Applicable for those who are capable of using iv. General Loan

15%

1.3

3

Education Loan

Up to 5 Lakh

Max. 4 Year

Applicable for those who are capable of using ii. General Loan

15%

1.3

4

Housing Loan

Up to 5 Lakh

Max. 5 Year

Applicable for those who are capable of using iv. General Loan

15%

1.3

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%

1.3

From 3 Lakh to 7 Lakh Max. 5 year

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%

1.3