LOAN PRODUCT ::

 

 

Loan is the main product of PasGBB. Loan creates main income of bank as interest. Banks disburse different kind of loan such as micro business loan, micro enterprises loan and renewal energy loan.

 

1. Micro Business Loan:
Micro business loan is a one year loan with fortnightly or weekly repayments. The Micro Business Loan is provided through, using peer guarantee for repayment without collateral upto Rs. 40,000 at 20 percent interest rate in declining basis.

 

Year	Maximum Loan Size Rs.	Loan Term	Annual Interest Rate (Declining Balance)	Repayment Frequency
1	10000.00	1 Years	20%	Weekly / fortnightly/ Monthly
2	20000.00
3	30000.00
4	40000.00
5	60000.00
6	90000.00

 

 

2. Micro Enterprises Loan:
The bank disburses two types of Micro Enterprises Loans namely Micro Enterprises Loan 'A' and Micro Enterprises Loan 'B'

 

 

Micro Enterprises Loan 'A'
This loan is graduates of micro business loan. The member who have successfully completed the third term of micro business loan and is only eligible for this loan. Bank takes collateral for loan guarantee.

 

Year	Maximum Loan Size Rs.	Loan Term	Annual Interest Rate (Declining Balance)	Repayment Frequency
4	50000.00	2 Years	18%	Weekly / fortnightly / monthly / quarterly
5	75000.00
6	100000.00
7	150000.00
8	200000.00