Our Products

Our Products
Product Features Benefits
Income Generation Loans (IGL) – Aarambh Loans range from Rs. 7,591 to Rs. 11,610 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum of Rs. 14,959

Term of the loan is 50 weeks with principal and interest payments due on a weekly basis

23.55% annual effective interest rate and processing fee of 1%

Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services
Mid-Term Loan (MTL) – Vriddhi Loans range from Rs. 7,591 to Rs. 11,610 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum of Rs. 14,959

Available any time after the completion of 20th weeks & before 38th weeks of an IGL cycle

Term of the loan is 50 weeks with principal and interest payments due on a weekly basis

23.55% annual effective interest rate and processing fee of 1%

Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services
Long Term Loan (LTL) Loans range from Rs. 21,943 to Rs. 29,809

Term of the loan is 2 Years 104 weeks with principal and interest payments due on a weekly basis

Members must have completed 2 IGL Cycles

23.55% annual effective interest rate and 1% processing fee of loan amount disbursed

Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services

To Increase Members Working Capital for their business

Biomass Cook-stove LoanSolar Light Loan

Water Purifier Loan

Mobile Phone Loan

Bicycle Loan

Sewing Machine Loan

Loan amount ranges from Rs. 1,654 to Rs. 4,981.

Loan tenure is 25 weeks

APR ranges from 24.13% to 25.63% depending on the product

Loans are offered to members for purchase of products like cook-stove/ solar light/ water purifier/ mobile phone/ bicycle and sewing machine to enhance their productivity and income generation ability
Swarna – pushpam Gold Loan SKS MICROFINANCE SWARNAPUSHPAM GOLD LOAN SCHEME CHART (effective from March 30, 2015)

Scheme Tenure in Days Interest rate Scheme Tenure in Days Interest rate
SP3 0-30 15.00% SP4 0-30 19.20%
31-90 20.00% 31-90 21.00%
91-180 22.00% 91-180 24.00%
181-360 24.00% 181-360 26.00%

Broad features:

  1. Loans range from Rs. 2,000/- to Rs. 2,00,000/-
  2. 0.5% loan processing fee is applicable on the loan amount at the time of disbursement.
  3. The SP4 scheme has a maximum exposure of 75% loan to the gold value of that day whereas the SP3 scheme has a maximum exposure of 68% loan to the gold value of that day.
  4. The maximum loan tenure for SP3 and SP4 schemes is 365 and 270 days respectively.
  5. Simple interest only.
  6. No pre/ part-closure charges.
  7. No additional charge for late payment.
  8. Interest rate will be charged as per the relevant slab mentioned.
  9. If the loan is not repaid as agreed or on demand within the tenure of the respective scheme, the Company shall have the right to charge overdue interest at the highest rate of interest slab of the scheme agreed upon, on the outstanding after completion of the tenure till the date of recovery on monthly basis.

Repayment method:

  1. Bullet repayment with an option to pay any amount at any time within the tenure

List of enclosures required:
As per RBI KYC norms, identity, age and address proofs are required for loan processing.

Provides personal or business loans to our members and non-members secured by gold jewellery to meet their short-term liquidity requirements.
Note 1: “In accordance with the RBI’s circular dated May 03, 2011 on ‘Bank loans to Micro Finance Institutions (MFIs) – Priority sector status’, with effect from June 01, 2011, the Company plans to charge a processing fee of 1% (of the loan amount) on all microloans offered across India. The credit shield Insurance premium will be collected from the borrowers on actual basis without any administrative charges.”
Note 2: Per RBI circular DNBS. 204/CGM (ASR)-2009 dated January 2, 2009, SKS’s Board of Directors has discussed and formally adopted an interest model based on cost of funds, operational costs, and risks involved for each product.