Description

CLs are provided to purchase quality consumer appliances and related products. These loans are intended to increase the quality of life of our customers. Joint Liability Group (JLG) guarantee is not required for CLs.

The loan tenor is decided based on the loan amount.

Consumer Loan
Eligibility Women Joint Liability Group members of KPB Fincare P Ltd.
Loan Amount (Rs) Min: 500 Max: 15000
Loan Tenor (Weeks) Maximum 52
Repayment Frequency Weekly, Fortnightly, Monthly
Annual Interest Rate (%) 23.85
Penal Interest Nil
Processing Fee 1% of loan amount
GST on Processing Fee 9% CGST, 9% SGST
Member Insurance Maximum of 0.5% of loan amount or a fixed amount (Currently the fixed amount is Rs 25)
Guarantor Insurance Maximum of 0.5% of loan amount or a fixed amount (Currently the fixed amount is Rs 25)
Moratorium Period Moratorium would be equal to the periodicity of the loan (i.e. 7 days for weekly, 1 calendar month for monthly etc.)