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Home Construction Loan

Purpose

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.

Loan Amount

Clients can avail loans ranging from Rs. 25,000/- up to Rs. 2,00,000/- under Home construction Loan depending upon the purpose.

Tenure

Minimum 104 weeks to Maximum of 260 weeks depending on the loan amount.

 
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