We’ve introduced Interim loans to assist our borrowers who are struggling to meet short-term liquidity requirements. These are top up loans given to existing borrowers to meet their working capital needs, business expansion, children’s school fees, health care or any other emergency needs.
This loan is offered to an individual on a group guarantee. The loan amount ranges from Rs 5000 to Rs 16,000. With an option to choose a weekly or bi weekly repayment mode and a loan tenure ranging from 1 to 3 years, our Interim Loan scheme is of great help to the borrower during tough times.
The interest rate of this product is 24.64% with 1% upfront processing fee.