Loan Details

1. Direct loans are provided to our customers to start a new micro-enterprise or to expand an existing one, funding education of their children, medical emergencies, unplanned business requirements, etc. Many members also utilize these loans to fund their working capital requirements
2. Women Joint Liability Group members of Keshava Prabha Microfin Pvt Ltd are eligible for this loan
3. 1% Processing fee and 18% GST is applicable for all loans
4. Maximum of 2% of loan amount is applicable for Member Insurance
5. Maximum of 2% of loan amount is applicable for Guarantor Insurance
6. Moratorium period would be equal to the periodicity of the loan (i.e., 7 days for weekly, 1 calendar month for monthly etc.)
7. As per industry standards, a loan is classified as Special Mention Account (SMA) once it crosses 30 Days Past Due (DPD), and as Non-Performing Asset (NPA) once it exceeds 90 DPD. In the event of a loan falling into SMA or NPA category, the company will initiate appropriate actions as per the internal policies and regulatory guidelines. This may include additional communication, collection efforts, or legal proceedings to recover the outstanding amount. This will also result in adverse impact on the credit profile of the customer