| Home Appliances | ||
|---|---|---|
| Loan size (Rs) | Min: 500 | Max: 15000 |
| Tenure | 52 to 104 weeks | |
| Rate of interest (On diminishing balance method) | 22.50% to 25.00% | |
| Repayment Frequency | Weekly, Monthly | |
| Mobile Phone | ||
|---|---|---|
| Loan size (Rs) | Min: 500 | Max: 15000 |
| Tenure | 52 to 104 weeks | |
| Rate of interest (On diminishing balance method) | 22.50% to 25.00% | |
| Repayment Frequency | Weekly, Monthly | |
Loan Details
- Product loans are provided to purchase quality home appliances, mobile phones, and other related products. These loans are intended to increase the quality of life of our customers
- Women Joint Liability Group members of Mehandipura Tradelink (P) Ltd are eligible for this loan
- 1% Processing fee and 18% GST is applicable for all loans
- Maximum of 2% of loan amount is applicable for Member Insurance
- Maximum of 2% of loan amount is applicable for Guarantor Insurance
- Additional Interest of 22.50% to 25.00% will be charged against defaulted EWIs (Equated Weekly Instalments)
- Moratorium period would be equal to the periodicity of the loan (i.e., 7 days for weekly, 1 calendar month for monthly etc.)