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
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