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 21.75%
SOLAR Strengthen our members with prolonged light facilities in electricity deficient areas for household and business INR < 5,600 6 months 21.75%
WATER & SANITATION Enhance quality of life of members with loans for safe water & sanitation facilities INR 6,000 & 15,000 12 months 21.75%
 CYCLE Helping the members to enhance the efficiency and reducing the time of travel to earn their livelihood INR < 5000 6 months 21.75%

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
1-25  Instal. Last Total Interest IRR APR
1 5000 215 205 580 21.69% 23.73% 60 70
2 6000 260 192 692 21.74% 23.79% 70 84
3 7000 305 176 801 21.71% 23.77% 82 98
4 8000 345 303 928 21.75% 23.79% 94 112
5 9000 390 286 1036 21.70% 23.76% 106 126
6 10000 430 413 1163 21.74% 23.78% 118 140
7 11000 475 399 1274 21.75% 23.79% 130 154
8 12000 520 381 1381 21.70% 23.75% 142 167
9 13000 560 507 1507 21.72% 23.75% 154 181
10 14000 610 355 1605 21.74% 23.80% 166 195
11 15000 650 477 1727 21.71% 23.76% 178 209

ONE AND HALF YEAR LOAN PRODUCT

S. No. Loan Amount (ONE AND HALF YEAR)
Bi-weekly (14 days) Processing fee Insurance
1-38  Instal. Last Total Interest IRR APR
1 16000 485 353 2783 21.70% 23.10% 188 339
2 17000 520 167 2927 21.71% 23.13% 200 360
3 18000 550 210 3110 21.75% 23.17% 212 381
4 19000 580 245 3285 21.74% 23.16% 224 402
5 20000 610 275 3455 21.71% 23.12% 236 424
6 21000 640 310 3630 21.70% 23.12% 248 445
7 22000 670 350 3810 21.72% 23.13% 260 466
8 23000 700 388 3988 21.73% 23.14% 272 487
9 24000 730 420 4160 21.71% 23.12% 284 508
10 25000 760 459 4339 21.72% 23.13% 296 529

TWO YEAR LOAN PRODUCT

S. No. Loan Amount LOAN PRODUCT (TWO YEAR)
Bi-weekly (14 days) Processing fee Insurance fee
1-51  Instal. 52 Instal Total Interest IRR APR
1 26000 620 510 6130 21.75% 22.82% 306 724
2 27000 645 450 6345 21.73% 22.81% 318 752
3 28000 670 400 6570 21.74% 22.82% 330 780
4 29000 695 350 6795 21.75% 22.84% 342 808
5 30000 720 289 7009 21.73% 22.82% 354 835
6 31000 740 540 7280 21.70% 22.78% 366 863
7 32000 765 500 7515 21.74% 22.82% 378 891
8 33000 790 446 7736 21.74% 22.82% 390 919
9 34000 815 396 7961 21.74% 22.83% 402 947
10 35000 840 345 8185 21.75% 22.84% 414 975
11 36000 860 603 8463 21.74% 22.82% 424 1002
12 37000 890 230 8620 21.74% 22.83% 436 1030
13 38000 910 498 8908 21.74% 22.83% 448 1058
14 39000 930 753 9183 21.73% 22.80% 460 1086
15 40000 960 392 9352 21.75% 22.83% 472 1114
16 41000 980 650 9630 21.73% 22.82% 484 1142
17 42000 1005 600 9855 21.74% 22.82% 496 1169
18 43000 1030 540 10070 21.73% 22.82% 508 1197
19 44000 1050 790 10340 21.71% 22.79% 520 1225
20 45000 1080 430 10510 21.73% 22.82% 532 1253
21 46000 1100 700 10800 21.74% 22.82% 542 1281
22 47000 1120 941 11061 21.70% 22.78% 554 1309
23 48000 1150 580 11230 21.72% 22.80% 566 1336
24 49000 1175 530 11455 21.73% 22.81% 578 1364
25 50000 1200 490 11690 21.75% 22.83% 590 1392

WATER AND SANITATION LOAN PRODUCT

APPLICABLE FOR SELECTED REGIONS

Water loan product Bi-weekly (14 days)
S. No. Loan Amount Product category Product Duration 1-25th Instal. 26 Inst. Total Interest IRR APR Processing fees Insurance Charges
1 6000 Water 1 year 260 192 692 21.74% 23.79% 70 84
Sanitation loan product Bi-weekly (14 days)
S. No. Loan Amount Product category Product Duration 1-25th Instal. 26 Inst. Total Interest IRR APR Processing fees Insurance Charges
2 15000 Sanitation 1 year 650 477 1727 21.71% 23.76% 178 209

SOLAR LOAN PRODUCT

APPLICABLE FOR SELECTED REGIONS

S. No. Loan Amount Product category Loan Duration Dlight  Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR Revised Processing fees Insurance Charges
1 2495 Solar Light 6 months 200 443 148 21.71% 25.55% 29 19
2 5595 Solar Light 6 months 500 398 303 21.66% 25.78% 65 40
3 5495 Fan 6 months 480 518 303 21.66% 25.78% 65 40
S. No. Loan Amount Product category Loan Duration Hero Cycle
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Intrest IRR APR Processing fees Insurance Charges
1 4550 Royal Gold 6 months 400 400 250 21.71% 24.13% 54 33
2 4850 Miss India Velvet 6 months 430 385 265 21.75% 25.92% 57 36
3 4550 Hero_Aiyana 6 months 400 400 250 21.71% 25.85% 54 33
Loan Amount Loan Duration Jugnu Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Interest IRR APR  Processing fees Insurance Charges
1650 6 months 150 88 88 21.74% 26.00% 19 12
2800 6 months 245 259 154 21.64% 25.76% 34 21
3999 6 months 360 254 215 21.713% 25.94% 48 29
S. No. Loan Amount Product category Loan Duration Sunking Solar loan product
(BI Weekly-14 days)
1-11th Instal. 12th Inst. Total Intrest IRR APR Revised Processing fees Insurance Charges
1 2899 Solar (Green Light Planet) 6 months 250 311 162 21.70% 25.77% 35 21