Product

Features

Purpose

Terms & Conditions


Saija Karobar Rin (SKR)

 

Loan Range: Rs.5,000 – Rs.1,00,000
Upto Rs. 30000
(for 1 year tenure)
Rs. 31000- Rs 1,00,000 (for 2 Years tenure)
Repayment Mode: Weekly/Fortnightly/Monthly
Interest rate: 25.355% per annum (diminishing)
Processing fee: 1% of loan amount
Methodology: JLG of 4 to 6 members

 

Provides financial assistance to self-employed men & women to support their business enterprises, such as:

  •   Increase in working capital
  •   Purchase of fixed assets
  •   Expansion &   Improvement in business
 

Interest rate:  25.355% per annum (diminishing)
Processing fee:
1% of loan amount
Insurance Fee:
2.5 Rupees /Thousand / Insured Life + 15% Service Tax
Prepayment Penalty:No charges
Late Payment Fee:
No charges

 


Saija Mahila Rin (SMR)

 

Loan Range: Rs.5,000 – Rs.1,00,000
Upto Rs. 30000
(for 1 year tenure)
Rs. 31000- Rs 1,00,000 (for 2 Years tenure)
Repayment Mode: Weekly/Fortnightly/Monthly
Interest rate: 25.355% per annum (diminishing)
Processing fee: 1% of loan amount
Methodology: JLG of 06 to 30 members

 

Provides financial assistance to women to support

  • Income generating activities in their     household.
  • Genuine consumption needs such as, education, household improvement etc.
 

Interest rate:  25.355% per annum (diminishing)
Processing fee:
1% of loan amount
Insurance Fee:
2.5 Rupees /Thousand / Insured Life + 15% Service Tax
Prepayment Penalty:No charges
Late Payment Fee:
No charges

 


Saija Urja Rin (SUR)

 

Loan is given to the client to purchase solar lighting products

Loan Amount : Rs. 1899
Frequency : 13 Fortnightly installments
Interest Rate : 25.355% per annum (diminishing)
Processing Fee : 1% of Loan amount

 

Provides financial assistance to clients for:

  • Purchasing solar lighting products
  • This decreases the dependence of clients from traditionally used harmful to health oil lamps and increasing the use of clean and renewable energy
 

Interest rate: 25.355%  annum (diminishing)
Processing fee: 1% of loan amount.
Service Tax: 15%
Prepayment Penalty: No charges
Late Payment Fee: No charges


Saija Vridhi Rin (SVR)

 

Clients are eligible to avail loan up to 75% of the existing main loan.

The main loan and Saija Vridhi Rin put together could have total indebtedness of 10,000 more than the loan amount of regular cycle.

 

Improve customer satisfaction by providing multiple withdrawal facilities to customers·

To partially meet the cyclic need of customer·

To meet the clients need during seasonal or peak duration.

 

The product would only be available for existing Saija customers with minimum of 6 months history.

For all one year loans: SKR/SMR clients on successful completion of first 6 month’s repayment.

For all two year loans: SKR/SMR clients on successful completion of first 12 month’s repayment.

 

 

 

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