Product Portfolio

Processing Fees

1% on loan amount (Excluding GST)

Frequency

Weekly/Fortnightly/Monthly (as per Borrowers’ choice)
Name Customer Profile Loan Size Loan Tenure Rate of Interest
IGL Uplifting the economically weaker section of the society by providing loans for income generating purpose like Agriculture, Animal Husbandry, trading and business related activities. INR 5000 – 50,000 12 – 24 months 22%
SOLAR Strengthen our members with prolonged light facilities in electricity deficient areas for household and business INR < 5,600 6 months 22%
WATER & SANITATION Enhance quality of life of members with loans for safe water & sanitation facilities INR 6,000 & 15,000 12 months 22%
 CYCLE Helping the members to enhance the efficiency and reducing the time of travel to earn their livelihood INR < 5000 6 months 22%

LOAN PRODUCTS SUMMARY W.E.F 1st July’18

ONE YEAR LOAN PRODUCT

S. No. Loan Amount LOAN PRODUCT (ONE YEAR)
Bi-weekly (14 days) Processing fee Insurance fee @ 1.3915%
1-25  Instal. Last Total Interest IRR EIR APR PF EIR
1 5000 215 214 589 21.99% 24.47% 24.02% 23.97% 60 70
2 6000 265 61 686 21.98% 24.47% 24.07% 23.99% 70 84
3 7000 305 188 813 21.99% 24.48% 24.05% 24.04% 82 98
4 8000 345 314 939 21.98% 24.46% 24.01% 24.03% 94 112
5 9000 390 301 1051 21.98% 24.47% 24.03% 24.02% 106 126
6 10000 430 428 1178 21.99% 24.47% 24.02% 24.01% 118 140
7 11000 475 414 1289 21.97% 24.46% 24.01% 24.02% 130 154
8 12000 520 402 1402 21.99% 24.48% 24.04% 24.05% 142 167
9 13000 560 525 1525 21.94% 24.42% 23.98% 23.96% 154 181
10 14000 610 375 1625 21.98% 24.46% 24.04% 24.03% 166 195
11 15000 650 499 1749 21.95% 24.43% 24.00% 23.99% 178 209

ONE AND HALF YEAR LOAN PRODUCT

S. No. Loan Amount (ONE AND HALF YEAR)
Bi-weekly (14 days)     Processing fee Insurance fee @ 2.11508%
1-38  Instal. Last Total Interest IRR EIR APR PF EIR
1 16000 485 398 2828 21.98% 24.47% 23.39% 23.36% 188 339
2 17000 520 210 2970 21.97% 24.45% 23.39% 23.38% 200 360
3 18000 550 252 3152 21.99% 24.48% 23.40% 23.41% 212 381
4 19000 580 289 3329 21.98% 24.46% 23.39% 23.39% 224 402
5 20000 610 327 3507 21.97% 24.46% 23.38% 23.36% 236 424
6 21000 640 365 3685 21.97% 24.45% 23.38% 23.38% 248 445
7 22000 670 410 3870 22.00% 24.49% 23.41% 23.40% 260 466
8 23000 700 445 4045 21.98% 24.47% 23.39% 23.41% 272 487
9 24000 730 480 4220 21.96% 24.45% 23.37% 23.38% 284 508
10 25000 760 525 4405 21.99% 24.48% 23.40% 23.40% 296 529

TWO YEAR LOAN PRODUCT

S. No. Loan Amount LOAN PRODUCT (TWO YEAR)
Bi-weekly (14 days) Processing fee Insurance fee @ 2.7830%
1-51  Instal. 52 Instal Total Intrest IRR EIR APR PF EIR
1 26000 620 598 6218 21.98% 24.47% 23.06% 23.06% 306 724
2 27000 645 549 6444 21.99% 24.48% 23.06% 23.06% 318 752
3 28000 670 502 6672 22.00% 24.49% 23.08% 23.08% 330 780
4 29000 695 450 6895 21.99% 24.48% 23.07% 23.08% 342 808
5 30000 720 398 7118 21.99% 24.48% 23.07% 23.08% 354 835
6 31000 740 669 7409 21.99% 24.48% 23.07% 23.08% 366 863
7 32000 765 613 7628 21.98% 24.47% 23.06% 23.06% 378 891
8 33000 790 570 7860 22.00% 24.49% 23.08% 23.09% 390 919
9 34000 815 510 8075 21.98% 24.47% 23.06% 23.06% 402 947
10 35000 840 465 8305 21.99% 24.48% 23.07% 23.07% 414 975
11 36000 860 736 8596 21.99% 24.48% 23.07% 23.07% 424 1002
12 37000 890 355 8745 21.97% 24.46% 23.06% 23.05% 436 1030
13 38000 910 626 9036 21.98% 24.46% 23.06% 23.06% 448 1058
14 39000 930 905 9335 22.00% 24.49% 23.07% 23.07% 460 1086
15 40000 960 525 9485 21.98% 24.47% 23.06% 23.07% 472 1114
16 41000 980 796 9776 21.98% 24.47% 23.06% 23.06% 484 1142
17 42000 1005 750 10005 21.99% 24.48% 23.07% 23.07% 496 1169
18 43000 1030 700 10230 21.99% 24.48% 23.07% 23.07% 508 1197
19 44000 1050 970 10520 21.99% 24.48% 23.07% 23.07% 520 1225
20 45000 1080 595 10675 21.99% 24.47% 23.07% 23.07% 532 1253
21 46000 1100 865 10965 21.99% 24.48% 23.07% 23.07% 542 1281
22 47000 1120 1120 11240 21.97% 24.45% 23.04% 23.05% 554 1309
23 48000 1150 760 11410 21.98% 24.47% 23.06% 23.06% 566 1336
24 49000 1175 705 11630 21.98% 24.46% 23.06% 23.06% 578 1364
25 50000 1200 665 11865 21.99% 24.48% 23.07% 23.07% 590 1392

WATER AND SANITATION LOAN PRODUCT

APPLICABLE FOR SELECTED REGIONS

S. No. Loan Amount Water loan product
(BI Weekly-14 days)
1-25th  Instal. 26 Inst. Total Interest IRR EIR APR PF EIR Processing fees Insurance Charges @1.3915%
1 6000 265 61 686 21.98% 24.47% 24.07% 23.99% 70 84
S. No. Loan Amount Sanitation loan product
(BI Weekly-14 days)
1-25th  Instal. 26 Inst. Total Interest IRR EIR APR PF EIR Processing fees Insurance Charges @1.3915%
2 15000 650 499 1749 21.95% 24.43% 24.00% 23.99% 178 209

SOLAR LOAN PRODUCT

APPLICABLE FOR SELECTED REGIONS

  Loan Amount Product category Loan Duration Dlight Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR EIR PF EIR Revised Processing fees Insurance Charges
1 2495 Solar Light 6 months 200 445 150 21.98% 25.82% 24.47% 25.86% 29 19
2 5495 Fan 6 months 485 465 305 21.99% 26.14% 24.48% 26.13% 65 40
3 5595 Solar Light 6 months 505 344 304 21.98% 26.22% 24.47% 26.35% 66 41
S. No. Loan Amount Product category Loan Duration Hero Cycle
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR EIR PF EIR Processing fees Insurance Charges
3 4550 Aiyana 6 months 400 402 252 21.87% 26.01% 24.33% 26.04% 54 33
4 4550 Royal Gold 6 months 400 402 252 21.87% 26.01% 24.33% 26.04% 54 33
5 4850 Miss India Velvet 6 months 430 388 268 21.98% 26.15% 24.47% 26.14% 57 36
S. No. Loan Amount Loan Duration Jugnu Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR EIR  Processing fees Insurance Charges
1 1650 6 months 150 89 89 21.97% 26.23% 24.46% 19 12
2 2800 6 months 240 319 159 21.93% 25.97% 24.40% 34 21
3 3999 6 months 360 256 217 21.90% 26.13% 24.37% 48 29
4 2199 6 months 200 117 118 21.87% 26.14% 24.34% 26 16
S. No. Loan Amount Product category Loan Duration Sunking Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR EIR PF EIR Revised Processing fees Insurance Charges
1 2899 Solar (Green Light Planet) 6 months 255 255 161 21.94% 26.08% 24.42% 26.06% 35 21

IGL-MTL-LTL PRODUCTS*

(*APPLICABLE FOR SELECTED REGIONS)

IGL

S. No. Loan Amount LOAN PRODUCT (ONE YEAR)—>IGL
Bi-weekly (14 days)  Processing fee  Insurance fee @ 1.3915%
1-25  Instal. Last Total Interest IRR EIR APR PF EIR
1 8000 345 314 939 21.98% 24.46% 24.01% 24.03% 94 112
2 10000 430 428 1178 21.99% 24.47% 24.02% 24.01% 118 140
3 14000 610 375 1625 21.98% 24.46% 24.04% 24.03% 166 195
4 17000 740 475 1975 21.97% 24.46% 24.03% 24.02% 200 237
5 19000 825 590 2215 21.99% 24.48% 24.04% 24.07% 224 265
6 21000 915 565 2440 22.00% 24.49% 24.06% 24.04% 248 293
7 23000 990 955 2705 21.97% 24.46% 24.01% 24.00% 272 321
8 25000 1090 650 2900 21.98% 24.47% 24.04% 24.03% 296 348
9 28000 1220 750 3250 21.98% 24.46% 24.04% 24.03% 330 390
10 30000 1310 725 3475 21.98% 24.47% 24.05% 24.03% 354 418

MTL

S. No. Loan Amount LOAN PRODUCT (15th Months)—>MTL
Bi-weekly (14 days)  Processing fee  Insurance fee @ 2.11508%
1-32  Instal. Last Total Interest IRR EIR APR PF EIR
1 6000 210 174 894 21.99% 24.47% 23.62% 23.60% 70 127
2 9000 315 261 1341 21.99% 24.47% 23.62% 23.63% 106 191
3 11000 390 131 1611 21.94% 24.42% 23.60% 23.64% 130 233
4 15000 525 434 2234 21.98% 24.46% 23.62% 23.61% 178 318
5 20000 700 580 2980 21.99% 24.47% 23.62% 23.63% 236 424
6 26000 910 750 3870 21.97% 24.45% 23.60% 23.58% 306 550
7 29000 1015 840 4320 21.98% 24.47% 23.62% 23.63% 342 614

LTL

S. No. Loan Amount LOAN PRODUCT (TWO YEAR)—>LTL
Bi-weekly (14 days)  Processing fee  Insurance fee @ 2.783%
1-51  Instal. Last Total Interest IRR EIR APR PF EIR
1 31000 740 669 7409 21.99% 24.48% 23.07% 23.08% 366 863
2 33000 790 570 7860 22.00% 24.49% 23.08% 23.09% 390 919
3 35000 840 465 8305 21.99% 24.48% 23.07% 23.07% 414 975
4 38000 910 626 9036 21.98% 24.46% 23.06% 23.06% 448 1058
5 40000 960 525 9485 21.98% 24.47% 23.06% 23.07% 472 1114
6 43000 1030 700 10230 21.99% 24.48% 23.07% 23.07% 508 1197
7 45000 1080 595 10675 21.99% 24.47% 23.07% 23.07% 532 1253
8 47000 1120 1120 11240 21.97% 24.45% 23.04% 23.05% 554 1309
9 50000 1200 665 11865 21.99% 24.48% 23.07% 23.07% 590 1392

IGL for South

S. No. Loan Amount LOAN PRODUCT (ONE YEAR)
Bi-weekly (14 days) Processing fee Insurance fee @ 1.3915%
1-25  Instal. Last Total Interest IRR EIR APR PF EIR
1 8000 345 314 939 21.98% 24.46% 24.01% 24.03% 94 112
2 10000 430 428 1178 21.99% 24.47% 24.02% 24.01% 118 140
3 14000 610 375 1625 21.98% 24.46% 24.04% 24.03% 166 195
4 17000 740 475 1975 21.97% 24.46% 24.03% 24.02% 200 237
5 19000 825 590 2215 21.99% 24.48% 24.04% 24.07% 224 265
6 21000 915 565 2440 22.00% 24.49% 24.06% 24.04% 248 293
7 23000 990 955 2705 21.97% 24.46% 24.01% 24.00% 272 321
8 25000 1090 650 2900 21.98% 24.47% 24.04% 24.03% 296 348