MICRO FINANCE
Small ticket loans to households that have annual income up to Rs. 300000 for income generating activities.
Equitas Micro Finance was the forerunner in the MFI industry with
Our Very First Loan Rate
Even when the MFI industry was operating with an interest rate between 35 – 40%
First MFI
First to publish real interest rates on our client’s passbooks
(Source: Chuck Waterfield, CEO, mfTransparency.org)
No Inefficieny
Committed to highest level of efficiency in our operations
| Microfinance Loans | Interest Rate | ||
| Maximum interest rate | 26% | ||
| Minimum interest rate | 18% | ||
| Average interest rate | 23% | ||
| Loan Ticket Size | Interest Rate | ||
| Less than or equal to ₹25000 | 24% | ||
| Greater than ₹25000 | 23% | ||
| Average interest rate | 23% | ||
| Loan Ticket Size | Processing Fee | |
| Less than or equal to ₹25000 | 0% | |
| Greater than ₹25000 | 1% + G.S.T | |
| 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”
