The ambition of Tiny, Micro customers rises, as the grown-up. MFW shall meet the requirement of those customers by extending individual loans and MFW shall build a seamless experience in giving individual loans to graduating JLG customers.
Individual Loan
- Loan Amount – Rs. 10,000 to Rs. 50,000
- Rate of Interest – 24% to 26% Per Annum
- Tenure – 6 to 12 months
- Processing Fees – Minimal
- Insurance – As per Loan amount & tenure
- Disbursement – Bank Account Transfer
- Repayment – Weekly
- Repayment Mode – NACH
Business Loan
- Loan Amount – Rs. 25,000 to Rs. 60,000
- Rate of Interest – 22% to 24% Per Annum
- Tenure – 6 to 12 months
- Processing Fees – Minimal
- Insurance – As per Loan amount & tenure
- Disbursement – Bank Account Transfer
- Repayment – Weekly and Bi-weekly
- Repayment Mode – NACH
