Welcome to Samhita Micro Credit

Loan Products
  • Loan Sizes : Minimum Rs.5,000 – Maximum Rs.60,000
  • First Cycle : Rs.5,000 - Rs. 30,000
  • Loan Tenure : 6 months – 24 months
  • Repayment Frequency : Weekly, Fortnightly, Monthly
  • Rate of Interest (Reducing basis) : 24% per annum
  • Loan Processing Fees : 1% of the loan amount + GST
  • Collateral : No collateral required
  • Pre Payment Charges : No prepayment charges

Loan Products (Under Banking Correspondent Model)
  • Loan Sizes : Minimum Rs.5,000 – Maximum Rs.60,000
  • First Cycle : Rs.5,000 - Rs. 30,000
  • Loan Tenure : 6 months – 24 months
  • Repayment Frequency : Weekly, Fortnightly, Monthly
  • Rate of Interest (Reducing basis) : varies from 23% per annum to 25% per annum depending on the BC relationship
  • Loan Processing Fees : varies from 0% to 1% of the loan amount + GST
  • Collateral : No collateral required
  • Pre Payment Charges : No prepayment charges

Loan Cover Insurance (Compulsory)
  • Premium (For 1 year) : For member and her spouse varies from Rs.7.78 to 8.16 per annum for Rs.1,000 and for only the member it is Rs.2.54 to Rs.2.75 per annum for Rs.1,000 depending on the BC relationship
  • Premium (For 2 years) : For member and her spouse at the rate of Rs.15.59 per annum for Rs.1,000 and for only the member it is Rs.5.09 per annum for Rs.1,000

 

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