About Us
We are the first MFI to publish real interest rates on our clients' passbook^
We are committed to the highest levels of efficiency in our operations
Our Interest Rates
w.e.f. April 2025
Microfinance Loans
Interest Rate
Maximum interest rate
25%
Minimum interest rate
20.75%
Interest Rate Range
Mean rate and interest rate range for the quarter January 2025- March 2025
Annualised Percentage Return (APR) for the quarter January 2025- March 2025
Interest rates for last Quarter- Q4FY25 (Jan’25- Mar’25)
Processing Fee
Loan Options
CREDIT SHIELD PREMIUM (ICICI Prudential Rates)
CREDIT SHIELD PREMIUM (HDFC Life Rates)
Mean rate and Interest rate range
Segment
Mean Interest Rate
Min Rate (in %) p.a.
Max Rate (in %) p.a.
Microfinance Loans
23.80
20.75%
25%
• Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
*Subject to meeting eligibility criteria.
“The average TAT to loan disbursement is 14 days subject to customer providing all the required details and being available for required center meetings and house verification”
The Bank has engaged Business Correspondents (BCs) to manage microfinance business. The name of BCs and their operating areas are given below.
^Source: Chuck Waterfield, CEO, mfTransparency.org
Business Correspondents (BCs)
| Name of Business Correspondents | States President | Districts Covered |
|---|---|---|
| NEW OPPORTUNITY CONSULTANCY PRIVATE LIMITED | Odisha Uttar Pradesh | Bhadrak, Cuttack, Ganjam, Jajapur, Kendujhar, Mayurbhanj, Nayagarh and Puri Ambedkar Nagar, Azamgarh, Bahraich, Ballia, Barabanki, Deoria, Gorakhpur, Hardoi, Kanpur, Kushinagar, Lucknow, Maharajganj, Raebareli and Sitapur |
| SONATA FINANCE PRIVATE LIMITED | Bihar Uttar Pradesh | Bhojpur, Buxar, Kaimur, Kaimur (Bhabua), Rohtas, Sitamarhi and Vaishali Basti, Faizabad, Gonda, Pratapgarh, Santkabir Nagar, Siddharth Nagar and Sultanpur |
Loan Application Forms and Loan Agreements can be accessed in the form centre
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