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Micro Enterprise Loan (MEL) Product Features


Samridhi Secured Samridhi Unsecured GrihSudhar Secured GrihSudhar Unsecured
Loan Purpose Working Capital Working Capital House improvement House improvement
Business structure renovation Business structure renovation House extension House extension
Asset acquisition Asset acquisition House Renovation House Renovation
Business expansion Business expansion
Loan Amount ₹ 100000 To ₹ 300000 ₹ 50000 To ₹ 100000 ₹ 100000 To ₹ 300000 ₹ 50000 To ₹ 100000
Loan Tenure 24 Months to 48 Months 12 Months to 30 Months 24 Months to 48 Months 12 Months to 30 Months
Rate Of Interest 26% Per Annum Reducing 28% Per Annum Reducing 26% Per Annum Reducing 28% Per Annum Reducing
Repayment Frequency Monthly Monthly Monthly Monthly
Repayment Mode PDC/ECS PDC/ECS PDC/ECS PDC/ECS
Processing Fee 2% of Loan Amount 2% of Loan Amount 2% of Loan Amount 2% of Loan Amount
Credit Life Insurance Premium 1% of Loan Amount + Service Tax 1% of Loan Amount + Service Tax 1% of Loan Amount + Service Tax 1% of Loan Amount + Service Tax