ASA International India Microfinance Limited (ASAI-India)

ASAI-India offers loan under two categories - Primary Loan and Special Loan, the features of which have been listed below:

1. Primary Loan

Features:

1. No penalty is charged for prepayment or late payment.
2. Borrowers can choose the instalment types among the options - weekly, fortnightly, and monthly.
3. Borrowers need not pay any security deposit or admission fee.
4. Insurance fees of Rs.4.50 for 1 year plus applicable GST must be paid by both the borrower and the spouse for every Rs.1,000 of loan availed.

2. Special Loan

Features:

1. Both the borrower and the spouse are required to pay insurance fees of Rs.9 for 2 years plus applicable GST for every Rs.1,000 of loan availed.
2. There is no penalty charged for late payments and prepayments.
3. Three types of instalment options are available for borrowers to choose from - weekly, fortnightly, and monthly.
4. No security or admission will be charged to borrowers.

Purpose of ASA International India Microfinance

The purpose of this loan is 2 fold. The primary purpose of the loan is for income generation and the secondary purpose of the loan is for agriculture.

Eligibility Criteria for ASA International India Microfinance

The borrowers of this loan can only be women. The household income of the borrower should be lesser than Rs 1, 20,000 and depending on the loan amount in some cases the household income needs to be lesser than Rs 60,000

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score