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. 7,591 to Rs. 11,610 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum of Rs. 14,959

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

23.55% 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 Loans range from Rs. 7,591 to Rs. 11,610 for the first loan; subsequent loan amounts determined by past credit history and increased each in set increments up to a maximum of Rs. 14,959

Available any time after the completion of 20th weeks & before 38th weeks of an IGL cycle

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

23.55% 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
Long Term Loan (LTL) Loans range from Rs. 21,943 to Rs. 29,809

Term of the loan is 2 Years 104 weeks with principal and interest payments due on a weekly basis

Members must have completed 2 IGL Cycles

23.55% annual effective interest rate and 1% processing fee of loan amount disbursed
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

To Increase Members Working Capital for their business
Biomass Cook-stove Loan

Solar Light Loan

Water Purifier Loan

Mobile Phone Loan

Bicycle Loan

Sewing Machine Loan

Loan amount ranges from Rs. 1,654 to Rs. 4,981.

Loan tenure is 25 weeks

APR ranges from 24.13% to 25.63% depending on the product

Loans are offered to members for purchase of products like cook-stove/ solar light/ water purifier/ mobile phone/ bicycle and sewing machine to enhance their productivity and income generation ability

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 March 30, 2015)

Scheme Tenure in Days Interest rate Scheme Tenure in Days Interest rate
SP3 0-30 15.00% SP4 0-30 19.20%
31-90 20.00% 31-90 21.00%
91-180 22.00% 91-180 24.00%
181-360 24.00% 181-360 26.00%
Broad features:
  1. Loans range from Rs. 2,000/- to Rs. 2,00,000/-
  2. 0.5% loan processing fee is applicable on the loan amount at the time of disbursement.
  3. The SP4 scheme has a maximum exposure of 75% loan to the gold value of that day whereas the SP3 scheme has a maximum exposure of 68% loan to the gold value of that day.
  4. The maximum loan tenure for SP3 and SP4 schemes is 365 and 270 days respectively.
  5. Simple interest only.
  6. No pre/ part-closure charges.
  7. No additional charge for late payment.
  8. Interest rate will be charged as per the relevant slab mentioned.
  9. If the loan is not repaid as agreed or on demand within the tenure of the respective scheme, the Company shall have the right to charge overdue interest at the highest rate of interest slab of the scheme agreed upon, on the outstanding after completion of the tenure till the date of recovery on monthly basis.
Repayment method:
  1. Bullet repayment with an option to pay any amount at any time within the tenure
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.