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    Disha Microfinance

    Overview about Disha Microfinance Pvt Ltd Loans

    Disha Microfinance Private Limited was founded in 1995 and is based out of Ahmedabad. It was formerly known as Banas Finlease Private Limited and operates as a subsidiary of Fin care Business Services Private Limited.

    Disha Microfin Pvt Ltd. specialises in providing microfinance products and services to rural, semi urban and urban women in Gujarat, Rajasthan, Madhya Pradesh and Karnataka.

    Disha Microfin Pvt Ltd offers the following loans and services:

    • Short-term loans
    • Microfinance loans
    • Emergency loans (In the event of death, sudden illness etc)
    • Life insurance and loan cover insurance services
    • Retirement solutions

    General Features of Disha Microfin Pvt Ltd Loan Products

    Short-Term Loans

    • Loans are issued in compatibility with the client’s household cash flow
    • Loans are also issued keeping in mind the client’s comfort level of giving a mutual guarantee to the other people in the group
    • The minimum loan size of the first loan is a way of testing the clients and the market as well as limiting the company’s exposure to risk
    • Based on the client’s demands and business needs, newer products with higher loan amounts and tenure will be introduced with time

    Emergency Loans

    • These are special products offered by DISHA to meet emergency requirements of clients
    • These loans are provided to clients to reduce the impact of borrowing on their main assets
    • The loan can be availed during emergencies such as death, sudden illness or any other similar emergencies
    • The loan must be repaid within twenty five weeks at the same interest rate
    • The maximum loan amount issued for an emergency loan is Rs 5,000
    • A processing fee of Rs 50 is charged during the sanctioning of the loan
    • The loan can be repaid in either 12 fortnightly installments or 6 monthly installments

    Microfinance Loans

    • These loans provide affordable credit to borrowers in the BOP sector
    • These loans are aimed at borrowers in the first phase of a borrower lifecycle
    • To finance any income generating activity, these loans use the joint liability based group lending model
    • Loan amounts can range from Rs 10,000 to Rs 35,000
    • These loans offer flexible repayment tenures
    • DISHA supports over 1.4 lakh borrowers through this loan product

    Disha Microfin Pvt Ltd offers two types of microfinance loans

    • Gati F
    • Pragati R

    Features and benefits of Disha Microfin Pvt Ltd Gati F Loan

    • The loan amount issued can range between Rs 12,000 to Rs 15,000
    • The loan term can range from 15 months to 18 months
    • This loan is issued solely to women
    • Loan issued for income generation
    • Average grace period of one month
    • Repayment frequency can be fortnightly or monthly
    • Interest rate ranges from 26% to 28.50% per annum to comply with RBI guidelines on pricing
    • The interest rate is fixed for the entire loan term
    • A processing fee of 1% of the loan amount is charged
    • The loan includes services such as credit education, group meetings and credit insurance
    • Active in the region of Gujarat

    Features and benefits of Disha Microfin Pvt Ltd Pragati F Loan

    • The loan amount issued can range between Rs 15,000 to Rs 25,000
    • The loan term can range from 15 months to 24 months
    • This loan is issued solely to women
    • Loan issued for income generation
    • Average grace period of one month
    • Repayment frequency can be fortnightly or monthly
    • Interest rate ranges from 26% to 28.50% per annum to comply with RBI guidelines on pricing
    • The interest rate is fixed for the entire loan term
    • A processing fee of 1% of the loan amount is charged
    • The loan includes services such as credit education, group meetings and credit insurance
    • Active in the region of Gujarat

    Disclaimer: Please note that this information is 30 months old and may not represent the current information.

    Eligibility criteria for Disha Microfinance

    To apply for these loans through Disha Microfin Pvt Ltd the following eligibility criteria has to be met:

    • Only women can apply for these loans
    • Must be of a specific age group
    • Household income must be below Rs 60,000 for women living in rural areas
    • Household income must be below Rs 1,20,000 for women living in urban areas
    • Applicants must be economically active

    Loan Management of Disha Microfinance Pvt Ltd Loans

    DISHA Microfin Pvt Ltd manages its loan process through three distinct technology systems:

    • CAMS - Loan origination and documentation system for automation of loan processing and credit check to approval phase
    • Financial Accounting & Management Information System (e-FIMO) - A web based technology solution for process and operations management
    • Mobile based field force automation system (m-FIMO) - A mobile phone based field force automation system, m-FIMO removes manual accounting of collections and makes the process more efficient and error free.

    FAQs of Disha Microfinance Pvt Ltd Loans

    Are taxes charged on the microfinance loans?

    Yes. Some fees are taxed at 12.4% of the fee amount.

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