Products and Services
Product Features
VisionFund India empowers communities by providing financial solutions that help build sustainable sources of income and livelihood. Through a range of microloans and microinsurance services, we support individuals and families in achieving economic resilience. Currently, VisionFund India offers four types of loans: Agriculture, Livestock, Business and Education, and Startup Loans
*Loans are paid in monthly instalments and group guarantee will be taken *SMS Alert: Available at the time of disbursement and instalment payment
|
Product
|
Loan Amount
|
Interest Rate Per Annum
|
Term
|
Repayment Frequency
|
Processing Fee
|
Fore Closure Charges
|
Late Penalty
|
Security/Compulsory Savings Requests
|
Credit Life Insurer
|
|---|---|---|---|---|---|---|---|---|---|
|
Agriculture
|
10,000 to 200,000
|
24.99% to 26.00%
|
6 - 36 months
|
Bi-weekly/Monthly
|
1.5%
|
NIL
|
NIL
|
0%
|
|
|
Livestock
|
10,000 to 200,000
|
24.99% to 26.00%
|
6 - 36 months
|
Bi-weekly/Monthly
|
1.5%
|
NIL
|
NIL
|
0%
|
|
|
Business
|
10,000 to 200,000
|
24.99% to 26.00%
|
6 - 36 months
|
Bi-weekly/Monthly
|
1.5%
|
NIL
|
NIL
|
0%
|
|
|
Education
|
10,000 to 30,000
|
25.50% to 26.00%
|
12 - 15 months
|
Bi-weekly/Monthly
|
1.5%
|
NIL
|
NIL
|
0%
|
|
SMA Classification
|
SMA Sub-Categories
|
Basis of Classification - Principal or interest payment or any other amount wholly or partially overdue for
|
|---|---|
|
SMA - 0
|
Up to 30days
|
|
SMA - 1
|
More than 30 days and up to 60 days
|
|
SMA - 2
|
More than 60 days and up to 90 days
|