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CIN No. : U67120WB1995PTC071237

Product and Services

Microfinance

Uttrayan provides micro credit to the deprived women of the society to smooth their livelihood and give them a better standard of living. Features of the small loan is as follows –

  • Maximum amount of first loan cycle is Rs.15000.
  • Till second cycle it is Rs.25000 and after that in each cycle it increases by Rs.5000-10000 and doesn’t cross a maximum of Rs.100000.
  • Loan is completely collateral free.
  • Effective Rate of Interest is 22- 26%.
  • Loan processing fee is 1 %.
  • Insurance Charge is 0.7 % on loan disbursement amount. (Only the actual cost is charged by Insurance Company).

Loan Tenure for loan amount

  • Less than Rs.30000 is 1 year and For above Rs.30000 it is 2 years.
  • Repayment of loan will be in weekly/ fortnightly/ monthly mode based on the choice of the client.
  • Total Indebtedness of the borrower does not exceed Rs.100000.
  • Prepayment is allowed but no additional penalty is being charged by UFSPL.
  • Loan is sanctioned only for income generating activities.
  • Total Household income in rural area can be maximum Rs.100000 per annum and for non-rural area it can be maximum Rs.1, 60,000 per annum.
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