Institution Type | Non Bank Financial Institution |
Is this institution regulated? | Yes |
Website address | http://www.sonataindia.com/ |
Year established | 2006 |
Head of Institution | Anup Kumar Singh |
Regions active | Haryana, Madhya Pradesh |
# Branches | 108 |
Total Portfolio (nat'l) | INR 1,204,379,246 |
Total Portfolio (USD) | USD 22,724,136.72 |
Active clients with loans | 158,243 |
Approximate % female clients | 100% |
Approximate % urban clients | 0% - 20% |
Network affiliations | Sa-Dhan, SAMN, MFIN, ACTED |
Product Name | Loan Size Range | Loan Term (months) | % Female | % Urban | Loan Purpose | Eligibility | Other Services | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | INR 7,200 - 19,650 | 12.2 - 23.33 | 100% | 0% - 20% | Business | Women, Low HH Inc, Med HH Inc | Credit Educ, Group Mtgs, Credit Ins | |||||||
Individual Loan | INR 20,000 - 50,000 | 12 - 24 | 100% | 0% | Business | Women, Have business | Credit Educ, Credit Ins | |||||||
Utility Finance | INR 1,000 - 6,770 | 3.55 - 8.88 | 100% | 20% - 40% | Any Purpose | Women | Credit Educ, Group Mtgs, Other Training |
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 | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 25% - 25.4% | 26.2% - 26.6% | 27.5% - 28.8% | Yes | Yes | Yes | 100 | |||||||
Individual Loan | 25.6% - 26.1% | 26.5% - 27% | 27.5% - 28.1% | Yes | Yes | Yes | 100 | |||||||
Utility Finance | 23% - 26.2% | 25.6% - 30.2% | 26% - 30.7% | Yes | Yes | NA | 92 |
Product Name | Annual Nominal Interest | Fees | Insurance | Taxes | Compulsory Deposit | APR (int+fee) | Full APR | Transparency Index | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Generating Loan | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 26.2% - 26.6% | 27.5% - 28.8% | 92 | ||||||||
Individual Loan | 26.0% annual, Decl Bal | 1 Fee | 1 Ins | None | N/A | 26.5% - 27% | 27.5% - 28.1% | 93 | ||||||||
Utility Finance | 23.1%-26.0% annual, Decl Bal | 1 Fee | 0 Ins | None | N/A | 25.6% - 30.2% | 26% - 30.7% | 80 |
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