Loans for Individuals

The main focus of Janalakshmi’s retail lending is microfinance, but in recent years we’ve expanded this offering to include five different kinds of retail loans.

Small Batch Loans

This is a core product through which we meet the credit needs of several lakh underserved households. A small batch loan is provided to individuals in a group comprising a minimum of five and a maximum of 25 women, where each guarantees the other. This structure has five loan cycles. After completion of each, a customer can borrow the same amount or move on to the next level.

Loan size

(in each cycle)
INR 15,000 to 30,000
INR 20,000 to 40,000
INR 30,000 to 50,000
INR 50,000

Tenure

First loan cycle:12 – 24 months
Others: 24 months

Purpose

Income generation
or any other use

Primary security

A joint liability
batch guarantee

Interest Rate

22.86% p.a.

Loan size

(in each cycle)

INR 15,000 to 30,000

INR 20,000 to 40,000

INR 30,000 to 50,000

INR 50,000

Tenure

First loan cycle:12 - 24 months

Others: 24 months

Purpose

Income generation or

any other use

Primary security

A joint liability

batch guarantee

Interest Rate

23.72% p.a.

Nano Loans

This individual business loan allows budding entrepreneurs to finance working capital and to invest in equipment. The Nano loan is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.

Loan size

INR 60,000 to
INR 2,00,000

Tenure

Up to 36 months

Interest Rate

New to Nano customers is 26% p.a.
Repeating Nano customers is 25% p.a.

Home Improvement Loans

Many of our customers construct homes slowly and ‘incrementally’ over time, in keeping with their needs and the availability of resources. The home improvement loan speeds up this process of minor improvements, extensions, repairs and renovations. The product is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.

Loan size

INR 60,000 to
INR 1,00,000

Tenure

Up to 36 months

Interest Rate

26% p.a.

Jana Kisan Loan

This loan is offered to small and marginal famers, as well as to leased land cultivators, for capital formation and enhancement of farm productivity. The loan covers agricultural and allied activities such as dairy farming, vegetable cultivation, sericulture, poultry, and maintenance of tractors and other farm machinery.  It is offered through our rural and semi-urban branches.

Loan size

Up to INR 50,000 in the first cycle.
Up to INR 1,00,000 in the second cycle

Tenure

Up to 24 months

Interest Rate

22% p.a.

Jana Vidya

A school-going child’s tuition fee; admission, exam and library fees; purchase of text books, uniforms and other
school-related material are covered by the education loan. This product is offered to all existing small batch loan members.

Loan size

Up to INR 50,000

Tenure

Up to 24 months

Interest Rate

24% p.a.