Home Construction Loan
Grameen Koota has tied up with Swarna Pragathi Housing Microfinance Private Limited (SPHMPL) to provide its clients with financial assistance for home construction and house extension. The loan is provided by SPHMPL, while Grameen Koota does the origination work.
Rate of interest
22% per annum on declining balance.
Clients can avail loans ranging from Rs. 25,000/- up to Rs. 2,00,000/- under Home construction Loan depending upon the purpose.
Minimum 104 weeks to Maximum of 260 weeks depending on the loan amount.