Janalakshmi is a Non-Banking Financial Company which was started under the initiative Sanghmitra Urban program (SUP) set up under the NGO named Myrada (Mysore Resettlement and Development Agency) in Bengaluru. It is one of the foremost and first company in the microfinance business. It started in 2000 and has been helping the urban poor with the finances to achieve their dreams and lead a healthy and happy life.
Janalakshmi has offered three types of financial helps to the people. It provides the service in form of loan for the individuals, loan for the enterprise, Third party products and services, and Public finance for urban infrastructure. The following article explains about the Janalakshmi business loan and various schemes it provides under it.
The business loans are one of the major help for the people who want to set up an enterprise or have any innovative ideas. It helps people to stand on their own feet and earn a living or themselves. It is difficult for the urban poor to take the loan from any financial institution. The main aim of these types of loan is to make sure that they have a job and earn a respectable amount.
The company makes sure that the borrower has all the ideas about the loan they are taking. It makes sure that they are well informed about the amount and all the terms and conditions. As most of the customers that take the financial help are not well educated, the company make sure that they take the loan under the amount that they are capable of paying. Also, they are dealt with utmost respect and they have the policy to treat them with respect. They also make sure that they consult them for the changes in the requirements and needs. Also, it provides the competitive rates and the price advantages are directly passed to them.
Types of business loans scheme: Under the product named loan for the enterprise of the business loan, they provide four types of scheme. The detailed description of the scheme is mentioned below:
Super Nano loan- It is the type of loan which supports the small and medium enterprises in the need of more credits. It is given to that customer who has already availed the Nano loan. It also offered to the customer who has proven creditworthy to other bank or NBFC. The loan amount given in this scheme is ₹2,00,000 to ₹6,00,000. The tenure of repayment is up to 60 months.The minimum interest rate on this type of loan is 23% p.a and the maximum interest rate is 24%p.a.
MSME loan- It is also known as the micro, small and medium enterprises loan. It is the type of loan given to people seeking working capital and term loan.The loan amount is ₹ 2,00,000 to 50,00,000 and the tenure of repayment is flexible of 12 to 48 months with part payment facility. The minimum rate of interest is 18% p.a and the maximum interest rate is 26%p.a.
Long term business loan- It is provided to the people who have their own business or occupied business. It provides the capital to the entrepreneur whose capital has been locked in the real estate but are not considered attractive for financing by the traditional lender. The loan amount ranges from ₹5,00,000 to ₹ 50,00,000. The tenure of repayment is up to 60 months. The interest rate ranges from 18% to 26% p.a.
Equipment and Machinery financing- The loan is given to buy the new technology or to upgrade the existing machinery. The loan amount given ranges from ₹ 2,00,000 to ₹ 50,00,000. The tenure of loan repayment is 64 months. The minimum interest rate is 18% p.a and the maximum interest rate is 24% p.a.
These schemes help the customer to set up their own business according to their convenience. These schemes are one of the first gateways to build their dream. It supports them with the much required financial help so that they can earn to support themselves and their family. Janalakshmi business loan is one such platform which helps the people to start their business and realize their dream to be their own boss. It supports all the enterprise which is big for the microfinance company and yet small for the conventional banks to fetch the loan amount for it. Janalakshmi is the entity which helps the urban poor to achieve their goal and lead a respectable and healthy life.
No comments:
Post a Comment