Janalakshmi Small Loans for individuals – Interest Rates 2024

Janalakshmi Small Finance bank offers small loans to Individuals. Loan amount starts from 10000. You can get loan for small batch loans, home renovate, nano loans, kisan loan, vidya education loans etc.

Here’s the details of Janalakshmi small loans

JANA KISAN LOAN

Name of loan – Kisan loan tells us for whom this loan is. Kisan loan offers to small and marginal farmers, as well as to leased land cultivators, for capital formation and enhancement of farm productivity. The loan covers agricultural and allied activities such as dairy farming, vegetable cultivation, sericulture, poultry, and maintenance of tractors and other farm machinery. It is offered through banks rural and semi-urban branches.

JANA VIDYA

A school-going child’s tuition fee; admission, exam and library fees; purchase of text books, uniforms and other
school-related material are covered by the education loan. This product is offered to all existing small batch loan members.

HOME IMPROVEMENT LOANS

Many of our customers construct homes slowly and ‘incrementally’ over time, in keeping with their needs and the availability of resources. The home improvement loan speeds up this process of minor improvements, extensions, repairs and renovations. The product is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.

NANO LOANS

This individual business loan allows budding entrepreneurs to finance working capital and to invest in equipment. The Nano loan is offered to customers with a proven credit history after they have completed two years in a small batch loan structure.

SMALL BATCH LOANS

This is a core product through which we meet the credit needs of several lakh underserved households. A small batch loan is provided to individuals in a group comprising a minimum of five and a maximum of 25 women, where each guarantees the other. This structure has five loan cycles. After completion of each, a customer can borrow the same amount or move on to the next level.