Features with terms
- Loan Scale: Rs. 599- Rs 3299
- Loan Tenure- 1 - 2 Years
- Repayment Mode: Monthly
- Interest rate: 27 % per annum (diminishing)
- Processing fee: 1% of loan amount plus 18% GST
- Insurance Fee: 2.40 Rupees / Thousand / Insured Life + GST 18% of the Insurance Fee
- Late Payment Fee: No charges
Purpose
Provides financial assistance to clients for:
- Purchasing solar lighting products
- This decreases the dependence of clients on traditionally used harmful to health oil lamps and increases the use of clean and renewable energy