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Micro Credit

Micro Credit

 

Sl no.

Name of product

Maximum loan (Rs)

Repayment period

Rate of interest(pa) Reducing %

Other fees/charges

01.

General Loan

30,000

1 year

26

1% processing fees and 1% Insurance fee as per IRDA

02.

SME Loan

50,000

2 years

26

1% processing fees and 1% Insurance fee as per IRDA

03.

Solar Loan(VLE)

100000

2 year

24

Nil

04.

House Repairing Loan

10000

2 year

26

1% Insurance fee as per IRDA

 

Criteria of Microcredit Dispensation

DCBS has designed various loan products suitable to needs of its clients. Its aim has always been to design products that best address the challenges faced by poor members. All loan products of DCBS have the following common features:

 

  1. Exclusive for women
  2. Must fulfill member ship criteria as per DCBS operational manual
  3. Regular attendance in group meeting
  4. Loan only for income generation activities
  5. Covered under insurance
  6. Available within 1 week from submission of loan application
  7. Multiple options of repayments –weekly/fortnightly/monthly.
  8. Door step collection.
  9. One time attendance at branch office for disbursal of loan.
  10. No collaterals.
  11. No margin money.