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General Loan
The general loan is a one to two year loan with fortnightly or monthly repayments. Clients make payments mostly during fortnightly/monthly in center meetings composed of up to 10 groups. A center is a meeting place, where group members perform their financial transactions such as repayment, withdrawals, deposit etc. Generally a group is composed of five members. The interest rate is 20% on declining basis if the clients pay the installment in center meeting and 18% if installment paid in branch offices. Before women can become members of NUBL, and hence eligible for loans, they must complete the compulsory group training (lasting from 7-15 days) and pass the group recognition test.
| Year |
Maximum Loan Size Rs. |
Loan Term |
Annual Interest Rate on declining balance |
Repayment Frequency |
| 1 |
20,000 |
Maximum 2 years |
18 to 20% |
Fortnightly//Monthly |
| 2 |
25,000 |
| 3 |
30,000 |
| 4 |
40,000 |
| 5+ |
60,000 |
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