Our Services

MED Loans

Micro Enterprise Development loans for self help groups.  

Our Loan Size

Rs. 30,000/- to Rs. 1,00,000/-

Loan Process

  1. To collect the KYC details of loan applicants.
  2. Collect family details, income details & micro business details of the loan applicants.
  3. Collect a photo of the respective loan applicant.
  4. Credit score of the loan applicants is obtained to facilitate credit decision.

Loan Sanction

  1. Upon approval of loan, sanction letter is issued to the clients indicating loan amount sanctioned, repayment term, Emi payable and the rate of interest.
  2. Interest rate charged on loan varies from 21% to 24% per annum.
  3. Processing fee at 1 % is being charged on the loan amount.
  4. Repayment card is being issued to the clients mentioning the term, EMI and the rate of interest.
  5. Loan repayment period of 24-month is provided for all loans above Rs. 15,000/-.

Opportunity Microfinance India Limited is member of all the 4 credit information bureaus viz., Crifhighmark, Transunion Cibil, Equifax and Experian.