MCM offers following Loan products to its SHG and JLGs comprising of poor women in rural and urban areas only after verifying their indebtness through Credit Bureau check(High Mark ).


Loan Products Summary
Product Name Petty Business Horticulture Dairy Education Sanitation
Loan size (Min-Max) 10000 - 40000 10000 - 20000 15000 - 40000 20000 - 30000 10000 - 20000
Term (Months) (12-24)
Repayment frequency Monthly
Rate of Interest 18 - 26 %(Reducing)
Pre Closure Charges Nil

* Processing Fee 1% of Loan Amount


Insurance Premium LIC
Loan Amt.(Rs) 5000 10000 15000 20000 25000 30000 35000 40000
Tenure in Months 12 12 12 24 24 24 24 24
Member Premium(Incl ST) 42.75 85.5 128.25 342.0 427.5 513.0 598.5 684.0
Spouse Premium(Incl ST) 42.75 85.5 128.25 342.0 427.5 513.0 598.5 684.0
Total Premium(Incl ST) 85.50 171.0 256.50 684.0 855.0 1026.0 1197.0 1368.0


 
 
      
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