MFI Loans

MFI Loans

These are purpose based Micro Loans given under Joint Liability Group (JLG) Model to a group consisting of 10 or more members possibly engaged in the same level of business activities and it follows the group guarantee concept.

Lending Rates Charged on Microfinance Loans – Last Quarter Ending Dec-22

Minimum Lending Rate – 22%

Maximum Lending Rate – 26%

Average Lending Rate – 24%