Loans
Housing Loan
Purpose: Finance for construction, repairs, or renovation.
Amount: Rs. 100,000 to Rs. 400,000
Tenure: 12 to 48 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Extents:
- Water well digging
- Housing repairs
- Land purchase
- Renovations
Income Generation Loan
Purpose: To empower individuals and businesses with the financial support needed to start or grow income-generating activities, enhancing economic stability and self-sufficiency.
Max. Amount : Rs. 200,000
Max. Tenure: 24 months
Interest Rate: 20% (Annual)
Security: Guarantors/Mortgage/2nd Mortgage
Interest Rate: 20% (Annual)
Eligible Extents:
- Person with a permanent income is eligible
Business Loan – Long Term
Purpose: Enhance product quality, efficiency, and business expansion.
Amount: Rs. 100,000 to Rs. 500,000
Tenure: 12 to 48 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Extents:
- Energy Supply
- Technology
- Solar Panel Installation
- Heavy Metal Fixtures
- Manufacturing Plants Installation
Business Loan – Short Term (SPEED)
Purpose: To finance working capital and urgent financial needs.
Amount: Rs. 25,000 to Rs. 100,000
Tenure: 3 to 18 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Extents:
- Buy Farming Animals
- Buy Raw Materials
- Working Capital Requirements
Machinery Loan for Individuals
Purpose: To finance the purchase of machinery and equipment for new and expanding businesses.
Amount: Rs. 25,000 to Rs. 150,000
Tenure: 3 to 24 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Extents:
- Jucki Machines
- Wood Cutting Machines
- Cement Block Making Machines
- Coconut Husk Chipper Machines
Machinery Loan for Micro Institutions
Purpose: To finance the purchase of machinery and equipment for business expansion.
Amount: Rs. 100,000 to Rs. 500,000
Tenure: 3 to 24 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Extents:
- Kotthu Cutting Machines
- Nescafe Machines
- Ice-Cream Machines
- Rice Steamers
- Chips Making Machine
Vehicle Loan
Purpose: To reduce transportation costs by purchasing a vehicle relevant to the business.
Amount: Rs. 25,000 to Rs. 500,000
Tenure: Up to 60 months
Interest Rate: Based on amount & repayment capacity
Security: Guarantors/Mortgage/2nd Mortgage
Eligible Vehicle Categories:
- Lorry
- Tractor
- Van
- Buses
Eligible Extents:
- Transportation of raw materials/finished goods
- Business location transportation
- Agricultural vehicles/machines
- Hiring purposes or Private use
Other Loan
Purpose: Meet life’s challenges efficiently without reducing your resources.
Amount : Up to Rs. 500,000
Tenure: Up to 36 months
Security: Guarantors/Mortgage/2nd Mortgage
Interest Rate: Based on amount & repayment capacity
Eligible Extents:
- Settlement of outstanding loans from other companies
- Payment of credit card balances
- Purchase of 2W & 3W
- Higher education needs
- Fund weddings or social functions
- Purchase of household goods (furniture, fittings, appliances)
- Overseas travel for business or education
