Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.ltfinance.com/ |
Year established | 1994 |
Head of Institution | Dinanath Dubhashi |
Regions active | Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Orissa, Tamil Nadu, West Bengal |
# Branches | 74 |
Total Portfolio (nat'l) | INR 1,971,550,546 |
Total Portfolio (USD) | USD 37,199,066.91 |
Active clients with loans | 399,880 |
Approximate % female clients | 80% - 100% |
Approximate % urban clients | 20% - 40% |
Network affiliations | MFIN |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLG_FY12 | INR 5,000 - 15,000 | 12 | 100% | 0% - 20% | Business | Women, Have business, Low HH Inc, Med HH Inc, Rural HH, Urban HH | Credit Educ, Group Mtgs |
Product Name | APR (int) | MFIN MFI Earning (Annualised) | MFIN Cost to Borrower (Annualised) | COMPLIANCE WITH RBI GUIDELINES ON INTEREST METHOD | COMPLIANCE WITH RBI GUIDELINES ON PROCESSING FEES | COMPLIANCE WITH RBI GUIDELINES ON INSURANCE PREMIUM | MFIN Transparency Index | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLG_FY12 | 21.9% - 23.7% | 23.7% - 25.5% | 24% - 25.7% | Yes | Yes | NA | 100 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
JLG_FY12 | 22.0% annual, Decl Bal | 1 Fee | 0 | 12.36% fees | N/A | 23.7% - 25.5% | 24% - 25.7% | 90 |
Outstanding portfolio (COP) | COP 6,904,000,000 |
Portfolio (USD) | USD 3,793,406.59 |
Active Clients with Loans | 275 |
Approximate % Female Clients | 40% - 60% |
Approximate % Urban Clients | 40% - 60% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | |
Mortgage/housing | x |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | Para compra o construcción de Vivienda. |
Other (2) | Activo Fijo |
Credit education | |
Group meetings | |
Credit insurance | x |
Workplace visits | |
Business training | |
Other training | |
Other | |
Other (2) | |
No other services |
Men | x |
Women | x |
Must run a business | |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | |
Other | |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | COP |
Minimum loan size | COP 35,000,000 |
Maximum loan size | 84,975,000 |
Shortest loan term | 60.0 months |
Longest loan term | 120.0 months |
Approx average | 0 |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 15.02% |
Highest quoted nominal interest | 15.02% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Ins 1 | |
---|---|
Description | Seguro contra incendio y terremoto |
% of loan amount - min | 0 |
% of loan amount - max | 0 |
OR, Fixed amount - min | 350 |
Fixed amount - max | 29,741 |
Reason for variation | N/A |
Appears on Repayment Sched? | Yes |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 0 |
or, Fixed-amount deposited | COP 515,000 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | 0 |
Conditions on access to deposit | When Leaving |
Minimum interest rate paid | 1.00% |
Maximum interest rate paid | 1.00% |
Interest payment frequency | Monthly |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | COP 40,400,000 | COP 42,420,000 | COP 42,420,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2011-03-08 | 2011-04-23 | 2011-04-23 | ||
Loan Term (Months) | 120.0 months | 120.0 months | 120.0 months | ||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | ||
Total Cost of Credit | Not Known | Not Known | Not Known | ||
True Price by Comp | |||||
Interest and Fee Component | 14.0% | 14.0% | 14.0% | ||
Insurance Component | 0.6% | 0.6% | 0.6% | ||
Tax Component | 0.0% | 0.0% | 0.0% | ||
Deposit Component | 0.3% | 0.2% | 0.2% | ||
Full APR (int fee ins tax dep) | 14.9% | 14.9% | 14.9% | ||
Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Key Statistics | |
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Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
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