Microfinance

Basic principle of lending states that “right amount of credit disbursed at appropriate time” is the most user-friendly loan for the borrower. Following on this theory, GBK has designed various loan products suitable to needs of its clients. Its aim has always been to design products that best address the challenges faced by poor members. All loan products of GBK have the following common
features:

  1. Comfortably priced loan products compared to other available sources,
  2. Available within 1 week of submission of loan application,
  3. Options of easy repayments weekly/fortnightly/monthly,
  4. Door-step collection,
  5. One time attendance at nearest branch office for disbursal of each cycle of loan,
  6. No collaterals,
  7. Margin free.
Name of the Product Maximum Loan(Rs.) Repayment period Rate of interest  reducing balance (%) Fees / charges
General Loan 1000-15000 1 year 26.8% 1% Processing fees and Insurance fees actual
General Loan II 16000-30000 2 year 26.8% 1% Processing fees and Insurance fees actual