Lending Rates Charged on Microfinance Loans of the last month ending September 2026
Minimum Lending Rate
Maximum Lending Rate
Average Processing Fee (% of the Loan)
25.85
Weighted Average Rate of interest for the Q2 FY 26-27
At SCNL, we follow a fair, transparent, and risk-based lending rate system, where the applicable interest rate evolves with the customer’s credit journey and relationship with us. For new customers, the applicable rate of interest is 27.50%. As customers progress to Cycle 2, they receive an interest rate benefit based on their credit bureau score. From Cycle 3 onwards, the interest rate is reduced by 0.25% compared to the rate charged on the customer’s previous main loan. This approach enables our valued customers to benefit from lower interest rates as they build a stronger and sustained relationship with SCNL.
Product Wise Average Lending Rate of the last month ending September 2026
| Product | Minimum Interest Rate (%) | Maximum Interest Rate (%) | Average Rate of Interest in Last Month (%) | Processing Fees (% of the loan) |
|---|---|---|---|---|
| INCOME GENERATION LOAN | 22.65% | 27.95% | 25.81% | 0.75% – 1.50% (excluding GST) |
| WATER & SANITATION | 23.48% | 27.95% | 25.86% | 0.75% – 1.50% (excluding GST) |
| PRODUCT FINANCING | 21.63% | 27.95% | 27.20% | 0.75% – 1.50% (excluding GST) |
Loan facility shall be classified as SMA 0 when it is in overdue up to 30 days; SMA-1 when it is more than 30 days and up to 60 days; SMA-2 when it is more than 60 days and up to 90 days and classifies as NPA when it is more than 90 days. Here SMA refers to “Special Mention Account”. NPA status of the loan shall change only when the entire arrear i.e. principal and interest is paid by the borrower.
Example: If due date of a loan account is March 31, 2024, and full dues are not received before SCNL runs the day-end process for this date, the date of overdue shall be March 31, 2024. If it continues to remain overdue, then this account shall get tagged as SMA-1 upon running day-end process on April 30, 2024 i.e. upon completion of 30 days of being continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2024. Similarly, if the account continues to remain overdue, it shall get tagged as SMA-2 upon running day-end process on May 30, 2024 and if continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2024.
Our business is based primarily on the Joint Liability Group model, enabling us to provide collateral-free, microcredit facilities to economically active women in rural, semi-urban and urban areas, who otherwise have limited access to mainstream financial service providers.
| Name | Customer Profile | Loan Size | Loan Tenure | Rate of Interest (On Reducing basis) |
|---|---|---|---|---|
| Income Generation Loan- IGL | Uplifting the economically weaker section of the society by providing loans for income generating purposes like Agriculture, Transportation, Trading, and Production related business activities. | INR 20,000 – 1,25,000 | 12 – 48 months | Up to 27.50% |
| WATER & SANITATION (WASH) | Enhance quality of life of members with loans for safe water & sanitation facilities | INR 10,000 – 45,000 | 12 – 24 months | Up to 27.50% |
| MSME Loan | Loan offered to merchants, retailer, wholesaler, manufacturing, service providers, salaried, self-employed professional and Agri business. Loan offered to Self Employed Professional, Self-employed Individual / Non Individual Entities (Business Enterprise) | INR 1 – 15 Lacs | Max 10 Years | 20% – 27% |
| Lending to Corporate Institutions & Micro Finance Companies | Loan offered to Corporate Institutions & Micro Finance Companies | INR 1 – 10 Cr | Max 3 Years | 12% – 22% |
At SCNL, we have made social charter an integral part of our corporate culture, with community enrichment central to our business growth. In our quest to make a difference in the quality of the lives of our clients, we have developed and are offering customised loans to facilitate access to clean energy, better mobility, safe water and sanitation facilities, in addition to the business loans.
| Product | Description | Loan Size | Loan Tenure | Rate of Interest (On Reducing basis) |
|---|---|---|---|---|
| Consumer Electronics | Facilitating customer’s needs towards quality life by providing products like Television, Refrigerator, Laptop, Washing Machine etc. | INR 12,000 -50,000 | 12-24 Months | Up to 27.50 % |
| Inverter & Battery | Keeps essential appliances and devices running during power outages, such as lights, fans. | INR 17,999 -27,000 | 18-24 months | Up to 27.50 % |
| E-Rickshaw battery | E-Rickshaw Loan – Enabling sustainable livelihoods, greater earning opportunities, and improved family well-being | INR 12,000 -48,000 | 12-24 months | Up to 27.50 % |
| Sewing Machine | Enabling access to sewing machines to support self-employment, enhance household income, and improve overall well-being. | INR 5,299 -10,000 | 12 Months | Up to 27.50 % |
| Deep Freezer | Enabling small businesses to access deep freezers for better product storage, reduced wastage, increased sales, and sustainable business growth. | INR 25,000- 35,000 | 18-24 Months | Up to 27.50 % |
| MOBILE | To upgrade client’s livelihood & to enhance communication bridge | INR 14,000 – INR 31,999 | 12-24 months | Up to 27.50 % |