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
Women Joint Liability Group members of Keshava Prabha Microfin Pvt Ltd are eligible for this loan
1% Processing fee and 18% GST is applicable for all loans
Maximum of 2% of loan amount is applicable for Member Insurance
Maximum of 2% of loan amount is applicable for Guarantor Insurance
Additional Interest of 22.50% to 25.0% will be charged against defaulted EWIs (Equated Weekly Instalments)
Moratorium period would be equal to the periodicity of the loan (i.e., 7 days for weekly, 1 calendar month for monthly etc.)