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Institution
Data approved: 2012-01-09
Data version: 2
Age of data: - months
Description
This Loan Product is offered to Chaitanya Customers for income generating activities. This is a 2 year loan product. In this Loan Product we disburse the loan in 2 installments. That is, if we disburse the first installment today, then the second installment will be disbursed after the repayment of 20th installment.
Any purpose Income generation x Mortgage/housing Consumer loan Agriculture Education Other household finance Other Income Generating Activities Other (2)
Credit education Group meetings Credit insurance Workplace visits Business training Other training Other Other (2) No other services
Men Women x 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)
Portfolio Size by Product
Geographic Coverage
# Regions for this institution N/A # Regions for this product N/A Regions Active
Loan Conditions
Currency INR Minimum loan size INR 6,000 Maximum loan size 25,000
Shortest loan term 24.0 months Longest loan term 30.0 months Approx average 27.0 months
Loans 3 months or less N/A Between 4 and 6 months N/A Between 7 and 9 months N/A Between 10 and 12 months N/A Between 13 and 18 months N/A Longer than 18 months N/A
Daily Weekly Every 2 weeks x 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 interest 25.40% Highest quoted nominal interest 25.40% Interest rate period Yearly Interest Rate Calculation Method Decl Bal Subsidized by funder request? N/A Is rate fixed for entire loan term Yes
Upfront Fees Fee 1 Description Loan Processing Fees % of loan amount - min 1.00% % of loan amount - max 1.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Appears on Repayment Sched? No
Ongoing Fees This product has no ongoing fees Upfront Insurance Fees Ins 1 Description Credit Insurance Premium % of loan amount - min 1.00% % of loan amount - max 1.00% OR, Fixed amount - min 0 Fixed amount - max 0 Reason for variation Appears on Repayment Sched?
Ongoing Insurance Fees This product has no ongoing insurance fees
Required for Never Criteria N/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 deposited N/A or, Fixed-amount deposited N/A
Deposits DURING period payments
% loan amount deposited N/A or, Fixed-amount deposited N/A Conditions on access to deposit N/A
Interest Paid on Deposit
Minimum interest rate paid N/A Maximum interest rate paid N/A Interest payment frequency N/A
Taxes
Are taxes charged on this product? No
Additional Comments
Chaitanya generate repayment schedules only for the first 12 months. Hence the subsequent disbursements and repayments are not seen on these schedules. The 2nd disbursement is 12% of the first disbursement for 2D Loans and the loan term is 3 months
Full Pricing Data
2D Business Loan sample s
* The APR stated here is an MFTransparency term, definition and formula
2D Business Loan Price Graphs
0 100 Pricing Transparency Index Regulated Inst. Not Regulated Inst. Private \'For-Profit\' Institution Type Business Loan Purpose Chaitanya Institution IN-018-V02-P02 Product IN Country 2012 Year Range Number 2 Institution Data Version 0 5,000 10,000 15,000 20,000 Loan Size (all) 0% 10% 20% Full APR (int fee ins tax dep) > 100 60 8 Number of Borrowers* * Note: not all bubble sizes in this graph represent number of borrowers, as some samples do not have this data available. These bubbles are shown as a uniform small size. The pop-up text on each bubble will indicate the product scale and the sample scale.
