Products & Services
 
PRODUCTS
CHARGES
FEATURES
TARGET CLIENTS
DELIVERY MODE

 GENERAL LOAN

  • 15% pa flat
  • Documentation-Rs.20/-
  • Loan Protection Fee (LPF): 2% Upfront
  • Term - 50 Weeks
  • Weekly Installments
  • Size of the loan vary by cycle
  • Collateral-Group guarantee

All borrowers
  • Size of the loan by cycle (Upper ceiling)
  • 1st cy-Rs.7,500/-
  • 2nd cy-Rs. 10,000/-
  • 3rd cy- Rs. 12,500/-
  • One time disbursement to the entire group (10 members)

SOCIAL SECURITY SCHEME(SSS)
  • Total premium-Rs.125/-
  • Premium-Rs.100/-
  • Rs.25/- to cover funeral expenses of the client & spouse
  • SSS is an Insurance product designed to mitigate the risk & protect the welfare of the borrower
  • Compulsory for all active borrowers
  • Insured Risk - life of the spouse
  • Risk coverage-ND-Rs.20,000/- AD-Rs.50,000/-
  • Death of the client - Write-off the loan outstanding of the client
  • Scheme with LIC-JBY
  • Other than the usual benefits from the LIC, SAADHANA remits Rs. 1000/- for the spouse & Rs. 500/- for the client on the spot towards funeral expenses

All borrowers