1) General Loan
This loan is Income create types & Maximum two years loan with monthly repayments. Clients make payments mostly during monthly in Group meetings place, where group members perform their financial transactions such as repayment, Deposit transfer & cash deposit etc. Generally a group is composed by 10 to 30 members. The interest rate is 20% on declining basis. Before women can become members of SLBS and hence eligible for loans, they must complete the compulsory group training ( from 5 to 7 days) and pass the group recognition test. The loan size is optimum Rs 2 lakhs (First year Rs 100,000 and second, Third year gradually increase)
2) Seasonal Loan
After successfully completed one cycle of the general loan with good repayment performance this product is available to group based clients to finance inputs for seasonal agricultural & seasonal business production like Purchase of seeds, fertilizer, insecticides, pesticides & seasonal types of business in every season. The loan is also available for purchase and sale of agricultural products. Interest rate provided at 20% per annum & Maximum limit for this loan is Rs. 30,000 per client.
3) Housing Loan
To access the housing loans the clients must have maintained strong credit discipline in the previous years
Have improved economic condition from previous loans and be willing to contribute at least 20 percent equity
SLBS charges a interest rate of 19 percent on a declining balance with monthly repayments duration period 3 years. This is collateral based Loan .
a) House Construction Loan:
This loan Available to those clients who meet requirements qualification and have taken general loan. Members generally construct a new house on their current property with this loan. Client have completed the first loan cycle of the general loan. This loan periods are 3 years.
b) Homestead Purchase Loan:
This loan available to those clients who meets the above requirements and have borrowed general loan. This loan allows members to purchase a small amount of land. Client have completed the first loan cycle of the general loan. Loan periods are 3 years.
c) House Repair Loan:
The loan available to those clients who meets the above requirements and have completed the first loan cycle of the general loan. This loan used to make capital improvements like replacing a roof on a current house.
4) Microenterprise Loan
Client have completed the first loan cycle of the general loan. Her financial status will gradually increase & Purpose has income generate then we will give ME loan. This loan period is 3 years. The clients eligible for this loan must have taken General Loan, maintained strong credit discipline, have improved economic condition from previous loans, be willing to contribute at least 20 percent equity them self, submit collateral and demonstrate an ability to operate a micro-enterprise. The loan size, term and other conditions Rs up to Rs.5,00,000.
5) Energy Loan
Group Based clients and other individual willing to establish/install alternative energy system are target clients of this loan product. The finance is ailable to establishment/installation of Biogas Plant, Home solar system, water turbine, water mill (Pani Ghatta) and other energy producing systems. The maximum loan limit is Rs. 30,000 for without collateral and Rs. 60,000 for collateralized loans.
6) Foreign Employment Loan
This product will Rs.1,00,000 This loan is used for the family member of the client to go abroad for foreign employment. SLBS offers this loan to those clients who have utilized General loan with good repayment performance. This is collateral based loan.
7) Emergency Loan
This loan is used to cope the Emergency situation happens to the client due to natural calamities. Institution offers this loan to those clients who have affected by natural disasters & other such tipe