2. Chaitanya
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Institution

Chaitanya India Fin Credit Pvt Ltd #169, 1st Floor, 5th MainChamarajpetBangalore, KarnatakaPO Box 560018
Data approved: 2012-11-26
Data version: 3
Age of data: 141 months
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Product

3D Business Loan Product 3 of 7 « Prev | Next »

Product Details

Key Statistics
Outstanding portfolio (INR)INR 94,654,051
Portfolio (USD)USD 1,785,925.49
Active Clients with Loans8,393
Approximate % Female Clients80% - 100%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity groupx
Village banking
Self help group
OtherJoint liability group (JLGs)
Description
3D Business loan is offered to customers engaged in income generating activities. The loan terms is 2 years and loan disbursement is made in three installments.
Loan Purpose
Any purpose
Income generationx
Mortgage/housing
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried worker
Must be specific age group
Household income <60,000 INR
Household income <120,000 INR
Must live in rural area
Must lives in urban area
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution1
# Regions for this product1
Regions ActiveKarnataka

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 36,000
Maximum loan size50,000
Distribution at Disbursement (Est.)
Loans less than INR 5,0000
INR 5,000-15,0000
INR 15,000-25,0000
INR 25,000-35,0000
INR 35,000-45,00050%
Greater than INR 45,00050%
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term30.0 months
Approx average27.0 months
Distribution at Disbursement (Est.)
Loans 3 months or less0
Between 4 and 6 months0
Between 7 and 9 months0
Between 10 and 12 months0
Between 13 and 18 months0
Longer than 18 months100%
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeksx
Every 4 weeks
Monthly
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest26.00%
Highest quoted nominal interest26.00%
Interest rate periodYearly
Interest Rate Calculation MethodDecl Bal
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0.88%
% of loan amount - max0.88%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Fees
This product has no ongoing fees
Upfront Insurance Fees
Ins 1
DescriptionCredit Insurance
% of loan amount - min1.20%
% of loan amount - max1.20%
OR, Fixed amount - min0
Fixed amount - max0
Reason for variationN/A
Appears on Repayment Sched?No
Ongoing Insurance Fees
This product has no ongoing insurance fees
Compulsory Deposit
Required forNever
CriteriaN/A
Is deposit indicated on the repayment schedule?N/A
Do borrowers control deposit in their group?N/A
Deposit BEFORE or AT Disbursement
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Deposits DURING period payments
% loan amount depositedN/A
or, Fixed-amount depositedN/A
Conditions on access to depositN/A
Interest Paid on Deposit
Minimum interest rate paidN/A
Maximum interest rate paidN/A
Interest payment frequencyN/A
Taxes
Are taxes charged on this product?Yes
Percentage of fees12.4%
All or some fees taxedSome

Full Pricing Data

3D Business Loan samples
Sample 1Sample 2Sample 3Sample 4
Loan AmountINR 39,000INR 42,000INR 50,000INR 50,000
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot Known
Disbursement Date2012-10-102012-10-152012-09-262012-10-05
Loan Term (Months)28.0 months28.0 months27.0 months27.0 months
Grace Period (Months)0.4 months0.1 months0.4 months0.0 months
Total Cost of CreditINR 6,378INR 7,073INR 7,474INR 7,152
True Price by Comp       
Interest price component25.9%27.3%25.9%25.9%
Fee Component2.1%2.2%2.3%2.4%
Insurance Component3.0%3.1%3.3%3.5%
Tax Component0.3%0.4%0.3%0.3%
Deposit Component0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)31.3%33.0%31.8%32.1%
MFIN MFI Earning (Annualised)28.0%29.5%28.2%28.3%
MFIN Cost to Borrower (Annualised)31.3%33.0%31.8%32.1%
Transparency Index83798281
MFIN Transparency Index10095100100
        
Original Repayment SchedulePDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
3D Business Loan Price Graphs


Click to view Price Analysis Tool
Institution # Borrowers Portfolio (US$) Products Age of Data
ACLEDA235,200215,086,0006169
AMK288,20063,784,00016141
AMRET299,500149,542,0008141
Chamroeun48,1007,480,0004121
Farmer Finance200407,0001141
First Finance5005,819,0001141
HKL73,40093,842,0003141
KREDIT61,80059,319,0009141
Maxima2,9003,179,0003141
PRASAC138,500251,931,0009141
Seilanithih15,2007,516,0005141
SPN35,10029,828,0006141
TPC120,00045,931,00013141
VF Cambodia148,60048,984,00018141
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Key Statistics
# Samples:
# Products
# Institutions
# Countries
# Borrowers
Loan Portfolio (USD)
% Products using declining balance
% Products with one or more fee
% Products with one or more insurances
% Products with compulsory deposits
Filter table:
Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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