Micro Enterprise Loan (Pragathi)
Sometimes big ideas need small help, thus we have designed our Micro Enterprise Loan known as Pragathi. Pragathi stands for "Progress". We believe that with the progress and growth of every individual, our society grows and with every society our cities/towns grows, leading to the growth and progress of our nation.
This one of its kind loan with an easy monthly repayment mode is crafted to support men and women who have sizeable business with monthly cash flows. The idea behind this product is to support them during their business expansion, working capital requirements and home improvement/renovation.
This loan is currently offered in the state of Maharashtra. Loan size ranges from Rs 10,000 to Rs 40,000 with tenure of 12-18 months.
The interest rate of this product is 25.71% with 1% upfront processing fee.