2. TMFB
Please note that the information you are viewing is 113 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE
  2. Pragathi
Please note that the information you are viewing is 170 months old and may not represent the prices currently charged. If you represent this MFI and wish to update your information, click HERE

Institution

Tameer Microfinance Bank A-15, Block 7/8 KCHS Union, Karachi 75350, PakistanKarachi75350
Data approved: 2013-06-05
Data version: 1
Age of data: -   months 
Choose version

Institution

Pragathi MAC Credit & Marketing Federation Ltd. #2-6-45/2, Sri Shanthi Nagar Colony, Road No. 2Circuit House Road, HanamkondaWarangal, Andhra Pradesh506001
Data approved: 2010-11-15
Data version: 1
Age of data: 170 months

Product

House Finance Product 6 of 7 « Prev | Next »

Product

Housing Loan Product 5 of 6 « Prev | Next »

Product Summary

Number borrowers2,050
Loan Amount (range)PKR 20,000 - 450,000
Loan Term (range)24 - 60
Other Services (text summary)Credit Ins
Annual Interest & Method19.0%-20.0% annual, Flat
Fees0.00%-2.00%, 600.00 min ongoing
InsuranceNone
Tax16.00% fees
Comp DepN/A
Range of pricing 
Interest Price Component26.5% - 47.8%
Fee Component0.5% - 10.4%
Insurance Component0
Tax Component Range0.1% - 1.8%
Full APR (int fee ins tax dep)32.4% - 43.6%
Transparency Index (min/max)0 - N/A
Transparency Index (average)N/A

Product Summary

2,004
INR 10,000 - 50,000
15 - 30
Credit Educ, Group Mtgs, Credit Ins, Other Training
9.0% annual, Flat
2.00% upfront
1.00% upfront
None
10.0% upfront 100.00 ongoing
 
N/A
25.6% - 25.7% (Int+Fee)
1.4% - 1.7%
0
33.2% - 36.1%
25 - 47
26

Product Details

Key Statistics
Outstanding portfolio (PKR)PKR 166,218,021
Portfolio (USD)USD 1,696,102.26
Active Clients with Loans2,050
Approximate % Female Clients0
Approximate % Urban Clients100%
Methodology
Individualx
Solidarity group
Village banking
Self help group
Other
Description
Tameer Housing loan is meant for house extension or improvement. This product is targeted towards low-salaried or self-employed microfinance customers.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loanx
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit education
Group meetings
Credit insurancex
Workplace visits
Business training
Other training
Other
Other (2)
No other services
Eligibility
Menx
Womenx
Must run a business
Must own a home or landx
Must be a salaried worker
Must be specific age group
Other
Other (2)
# Borrowers by Product
Portfolio Size by Product
Geographic Coverage
# Regions for this institution4
# Regions for this productN/A
Regions Active

Product Details

Key Statistics
Outstanding portfolio (INR)INR 18,492,854
Portfolio (USD)USD 348,921.77
Active Clients with Loans2,004
Approximate % Female Clients60% - 80%
Approximate % Urban Clients0% - 20%
Methodology
Individual
Solidarity group
Village banking
Self help groupx
Other
Description
Designed for members who own land and have a salaried income.
Loan Purpose
Any purpose
Income generation
Mortgage/housingx
Consumer loan
Agriculture
Education
Other household finance
Other
Other (2)
Included Services
Credit educationx
Group meetingsx
Credit insurancex
Workplace visits
Business training
Other trainingx
Other
Other (2)
No other services
Eligibility
Men
Womenx
Must run a business
Must own a home or land
Must be a salaried workerx
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 institutionN/A
# Regions for this productN/A
Regions Active

Loan Conditions

Loan Amount
CurrencyPKR
Minimum loan sizePKR 20,000
Maximum loan size450,000
Distribution at Disbursement (Est.)
Loans less than PKR 10,0000
PKR 10,000-25,0000
PKR 25,000-50,0000
PKR 50,000-75,0000
PKR 75,000-150,00080%
Greater than PKR 150,00080%
Loan Term and Grace Period
Shortest loan term24.0 months
Longest loan term60.0 months
Approx average36.0 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 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Loan Conditions

Loan Amount
CurrencyINR
Minimum loan sizeINR 10,000
Maximum loan size50,000
Loan Term and Grace Period
Shortest loan term15.0 months
Longest loan term30.0 months
Approx average20.0 months
Grace Period
Grace period usage0
Average grace period0
Repayment Frequency
Daily
Weekly
Every 2 weeks
Every 4 weeks
Monthlyx
Every 2 months
Quarterly
Every 6 months
Every 12 months
Single end payment
Irregular payments

Pricing Information

Interest
Lowest quoted nominal interest19.00%
Highest quoted nominal interest20.00%
Reason(s) why interest rate variesTime as Client
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?No
Is rate fixed for entire loan termYes
Upfront Fees
This product has no upfront fees
Ongoing Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min0
% of loan amount - max2.00%
OR, Fixed amount - min600
Fixed amount - max0
Reason for variation% of Loan or Fixed amount, whichever is higher
Appears on Repayment Sched?Yes
Upfront Insurance Fees
This product has no upfront insurance fees
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 fees16%
All or some fees taxedSome

Pricing Information

Interest
Lowest quoted nominal interest9.00%
Highest quoted nominal interest9.00%
Interest rate periodYearly
Interest Rate Calculation MethodFlat
Subsidized by funder request?
Is rate fixed for entire loan termYes
Upfront Fees
Fee 1
DescriptionProcessing Fee
% of loan amount - min2.00%
% of loan amount - max2.00%
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
DescriptionInsurance Fee
% of loan amount - min1.00%
% of loan amount - max1.00%
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 forAll
CriteriaN/A
Is deposit indicated on the repayment schedule?Yes
Do borrowers control deposit in their group?
Deposit BEFORE or AT Disbursement
% loan amount deposited10.00%
or, Fixed-amount deposited0
Deposits DURING period payments
% loan amount deposited0
or, Fixed-amount depositedINR 100
Conditions on access to depositWhen Leaving
Interest Paid on Deposit
Minimum interest rate paid6.00%
Maximum interest rate paid6.00%
Interest payment frequencyMonthly
Taxes
Are taxes charged on this product?No
Additional Comments
N/A

Full Pricing Data

House Finance samples
Sample 1Sample 2Sample 3Sample 4Sample 5Sample 6
Loan AmountPKR 19,304PKR 48,840PKR 107,448PKR 175,824PKR 293,040PKR 390,720
Loan Cycle (1, 2, 3, etc)Not KnownNot KnownNot KnownNot KnownNot KnownNot Known
Disbursement Date2013-02-142013-03-072013-05-052013-06-162013-05-152013-03-14
Loan Term (Months)12.0 months24.0 months37.0 months49.0 months61.0 months49.0 months
Grace Period (Months)-0.1 months0.0 months0.0 months0.0 months0.0 months0.0 months
Total Cost of CreditPKR 4,899.96PKR 20,160.08PKR 65,279.84PKR 144,576PKR 306,960PKR 329,280.16
True Price by Comp           
Interest price component37.8%33.3%32.3%32.0%31.8%32.8%
Fee Component5.0%1.6%1.0%0.7%0.5%0.7%
Insurance Component0.0%0.0%0.0%0.0%0.0%0.0%
Tax Component0.8%0.3%0.1%0.2%0.1%0.1%
Deposit Component0.0%0.0%0.0%0.0%0.0%0.0%
Full APR (int fee ins tax dep)43.6%35.2%33.4%32.9%32.4%33.6%
Transparency IndexN/AN/AN/AN/AN/AN/A
            
Original Repayment SchedulePDFPDFPDFPDFPDFPDF
MFT Pricing CalculationPDFPDFPDFPDFPDFPDF

Full Pricing Data

Housing Loan samples
Sample 1Sample 2Sample 3
Loan AmountINR 10,000INR 20,000INR 30,000
Loan Cycle (1, 2, 3, etc)122
Disbursement Date2010-04-122010-06-102010-05-15
Loan Term (Months)15.0 months15.0 months15.0 months
Grace Period (Months)0.0 months0.0 months0.0 months
Total Cost of CreditNot KnownNot KnownNot Known
True Price by Comp     
Interest and Fee Component25.6%25.6%25.7%
Insurance Component1.7%1.7%1.7%
Tax Component0.0%0.0%0.0%
Deposit Component8.8%6.6%5.9%
Full APR (int fee ins tax dep)36.1%33.9%33.2%
MFIN MFI Earning (Annualised)25.6%25.6%25.7%
MFIN Cost to Borrower (Annualised)36.1%33.9%33.2%
Transparency Index252727
MFIN Transparency IndexN/AN/AN/A
      
Original Repayment SchedulePDFPDFPDF
MFT Pricing CalculationPDFPDFPDF
* The APR stated here is an MFTransparency term, definition and formula
House Finance Price Graphs


Click to view Price Analysis Tool
Housing Loan Price Graphs


Click to view Price Analysis Tool
Caps / Zoom options
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
Loading...
X Axis
Greater than:
Less or equal to:
N (# of Samples)
Total Borrrowers of Samples
Avg
Min
Max
Std Dev
By Inst Type
By Country

Total Borrowers of Samples

X Axis
Greater than:
Less or equal to:
From 0 to
to
to
to ∞