Income Generation Loan
Loan size (Rs) Min: 5000 Max: 60000
Tenure 52 to 104 weeks
Rate of interest (On diminishing balance method) 22.50% to 25.00%
Repayment Frequency Weekly, Monthly
Emergency Loan
Loan size (Rs) Min: 2000 Max: 10000
Tenure 52 to 104 weeks
Rate of interest (On diminishing balance method) 22.50% to 25.00%
Repayment Frequency Weekly, Monthly
Loan Details
  1. Direct loans are provided to our customers to start a new micro-enterprise or to expand an existing one, funding education of their children, medical emergencies, unplanned business requirements, etc. Many members also utilize these loans to fund their working capital requirements
  2. Women Joint Liability Group members of KPB Fincare are eligible for this loan
  3. 1% Processing fee and 18% GST is applicable for all loans
  4. Maximum of 2% of loan amount is applicable for Member Insurance
  5. Maximum of 2% of loan amount is applicable for Guarantor Insurance
  6. Additional Interest of 22.50% to 25.0% will be charged against defaulted EWIs (Equated Weekly Instalments)
  7. Moratorium period would be equal to the periodicity of the loan (i.e., 7 days for weekly, 1 calendar month for monthly etc.)