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MICRO FINANCE

Small ticket loans to households that have annual income up to Rs. 300000 for income generating activities.

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Equitas Micro Finance was the forerunner in the MFI industry with
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Our Very First Loan Rate
 
Even when the MFI industry was operating with an interest rate between 35 – 40%
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First MFI
 
First to publish real interest rates on our client’s passbooks
(Source: Chuck Waterfield, CEO, mfTransparency.org)
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No Inefficieny
 
Committed to highest level of efficiency in our operations

INTEREST RATE

Microfinance Loans Interest Rate
Maximum interest rate 26%
Minimum interest rate 18%
Average interest rate 23%

INTEREST RATE

Loan Ticket Size Interest Rate
Less than or equal to ₹25000 24%
Greater than ₹25000 23%
Average interest rate 23%

PROCESSING FEE

Loan Ticket Size Processing Fee
Less than or equal to ₹25000 0%
Greater than ₹25000 1% + G.S.T

LOAN OPTIONS

Income Generating Loan – Cycle Loan Amount (₹)
1st Cycle ₹35000
2nd Cycle ₹40000
3rd Cycle ₹50000
4th Cycle & Above ₹60000

 

Other Loans Loan Amount*
Additional Income Generating Loan ₹5000, ₹10000
Vidhya Loan Up to ₹15000

*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”