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LOAN PRODUCTS AND SERVICES |
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Sahara Uttarayan provides loans to women for meeting their household need, smoothening cash flow and diversifying income sources by taking up livelihood activities. At present it provides only one loan product and loan linked insurance product services. The following table describes about the different features of the Loan product offered by Sahara Uttarayan: |
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Loan Product |
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Loan Features |
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Small Loan |
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Loan Size (Rs.) |
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1st loan cycle: Max Rs.8,000 |
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2nd loan cycle onwards : Increment of Rs. 1,000 to 3,000 on the basis of |
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repayment record of the previous loan cycle |
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Credit range under this product is Rs.5,000- Rs.25,000 |
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Loan Term |
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45 weeks |
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Instalment |
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Weekly |
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Client Profile |
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Women who are in business or want to start business or grow up their business. |
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Besides credit, Sahara Uttarayan offers loan linked insurance service to the client and spouse through tie-up with Life Insurance Company of India (LIC). The insurance policy covers the loan amount and ultimately secures the portfolio, in event of demise of the client or the spouse. It covers the client for tenure of 1 year of association with Sahara Uttarayan. An insurance premium of 0.6% of the loan amount is charged from the client. |
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