Our Products About MicrofinanceWhat we DoHow We DoWhere We WorkWhat Impact We Make
Our Products
SKS Microfinance Ltd offers a range of products and services, which have been developed based on the financial needs of working of poor women. We classify our offerings into proprietary and distributor products.
Product Features Benefits
Income Generation Loans (IGL) - Aarambh Loans range from Rs. 2,000 to Rs. 12,000 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments upto a maximum of Rs. 14,000

Term of the loan is 50 weeks with principal and interest payments due on a weekly basis

12.5% flat interest rate / 24.55% annual effective interest rate and processing fee of 1%
Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services
Mid-Term Loan (MTL) - Vriddhi Loan amounts range from Rs. 2,000 to Rs. 10,000 in each annual cycle; subsequent loan amounts determined by past credit history and increased each in set increments upto a maximum of Rs. 14,000

Available any time after the completion of 20 weeks & before 40 weeks of an IGL cycle

Term of the loan is 50 weeks with principal and interest payments due on a weekly basis

12.5% flat interest rate / 24.55% annual effective interest rate and processing fee of 1%
Provides self-employed women financial assistance to support their business enterprises, such as raising livestock, running local retail shops called kirana stores, providing tailoring and other assorted trades and services
Mobile Loans Financing of mobile phones and telephone services

Loan amounts range from Rs. 1,800 to Rs. 3,000

26.0% annual effective interest rate and loan processing fee of 1%

Term of 25 weeks
Provides financing for mobile phones and telephone services to our members
Housing Loans Loans range from Rs. 50,000 to Rs. 150,000

Members must have completed at least 3 IGL cycles to qualify or one ILP to be completed

Term of loan is 3 to 5 years with principal and interest payments due on a monthly basis

11.9% flat interest rate, 21% annual effective interest rate

In addition, loan processing fee of 2% collected upfront
Provides financial access to women for construction of new houses or improvement & extension of existing houses
Swarna - pushpam Gold Loan

SKS MICROFINANCE SWARNAPUSHPAM GOLD LOAN SCHEME CHART (effective from November 1, 2012)

Scheme Tenure Interest rate Scheme Tenure Interest rate
SP1 0-3 months 18.50% SP2 0-3 months 21.00%
3-6 months 21.00% 3-6 months 23.00%
6-9 months 22.50% 6-9 months 25.00%
9-12 months 24.00%    
Broad features:
  1. Loans range from Rs. 2,000/- to Rs. 100,000/-
  2. SP2 Scheme has a maximum exposure of 60% Loan to Gold Value of that day whereas SP1 scheme has a maximum exposure of 55% Loan to Gold Value of that day
  3. Maximum loan tenure for SP1 and SP2 schemes is 12 months and 9 months respectively
  4. Simple interest only
  5. No pre/ part closure charge
  6. No additional charges for late payment
  7. Interest rates will decrease in case of earlier payments from period to period as per slabs mentioned
  8. Overdue interest @ 2.5% per month after completion of tenure on the amount of loan default
Repayment method:
  1. Bullet repayment with an option to pay any amount at any time within the tenure
  2. Payment done is adjusted to the principal and interest due on that principal till that date from the date of disbursement
List of enclosures required:
As per RBI KYC norms, identity, age and address proofs are required for loan processing.
Provides personal or business loans to our members and non-members secured by gold jewellery to meet their short-term liquidity requirements.
Note 1: "In accordance with the RBI's circular dated May 03, 2011 on 'Bank loans to Micro Finance Institutions (MFIs) - Priority sector status', with effect from June 01, 2011, the Company plans to charge a processing fee of 1% (of the loan amount) on all microloans offered across India. The credit shield Insurance premium will be collected from the borrowers on actual basis without any administrative charges."
Note 2: Per RBI circular DNBS. 204/CGM (ASR)-2009 dated January 2, 2009, SKS’s Board of Directors has discussed and formally adopted an interest model based on cost of funds, operational costs, and risks involved for each product.
Product Features Benefits
Life Insurance Weekly payment of Rs. 20 for the term of five years Upon death, we disburse to the beneficiary the full sum assured of Rs. 5,000 plus the account value, which is equal to the aggregate of the premiums paid plus interest accrued, if any, less any charges for the administration of the policy

In the event the death is deemed an accidental death, the beneficiary receives Rs. 10,000 plus the account value

Upon maturity in five years where no death has occurred, we disburse to the policyholder the account value.
Note 1: "In accordance with the RBI's circular dated May 03, 2011 on 'Bank loans to Micro Finance Institutions (MFIs) - Priority sector status', with effect from June 01, 2011, the Company plans to charge a processing fee of 1% (of the loan amount) on all microloans offered across India. The credit shield Insurance premium will be collected from the borrowers on actual basis without any administrative charges."
Note 2: Per RBI circular DNBS. 204/CGM (ASR)-2009 dated January 2, 2009, SKS’s Board of Directors has discussed and formally adopted an interest model based on cost of funds, operational costs, and risks involved for each product.
Mobile Financing