Loan Products

Belstar provides collateral-free loans to SHG members for legally permitted enterprise creation or strengthening. Loans are provided for the following activities.

Micro Enterprise Loan

Loan Amount

50,000

per member
Repayment Terms

24

months

Moratorium Period

1

month

Interest Rate

25%

Processing Fee

1%

on loan amount

Education Loan

Loan Amount

20,000

Repayment Terms

24

months

Moratorium Period

1

month

Interest Rate

25%

Processing Fee

1%

on loan amount

House Improvement

Loan Amount

25,000

Repayment Terms

24

months

Moratorium Period

1

month

Interest Rate

25%

Processing Fee

1%

on loan amount

Insurance

Belstar will facilitate mandatory insurance for the borrower in order to benefit the family in the event of the borrower's death. This is done at the time of loan disbursement; the premium is inclusive of the Service Tax.

Loan Amount Sum assured Term Premium
20,000 25,000 12 87
20,000 25,000 12 86
30,000 35,000 24 242
30,000 37,500 24 258
40,000 45,500 24 311
40,000 55,000 24 380
...
...
...