PRODUCTS

Our services are as per the convenience of our clients. All the terms and conditions of the loans are made known to the clients to maintain our core value of Transparency. We have no hidden charges in the name of value-added services and are in compliance with Statutory requirements.

JLG LOANS

This unique loan is designed especially for low-income households who aspire to improve their financial well-being.

The primary objective of this loan is to empower women in setting up and expanding income generating activities, smoothen household cash flows and acquire productive assets. A hassle free monthly repayment option ensures that clients can save from their daily cash-flows and do not face repayment stress.

The loan size is up to 80,000 with tenure of 1 to 2 Years.

The interest rate of this product is 25%. The processing fees is 1%, excluding GST.

Infographic of spandana sphoorty Abhilasha JLG Loans product

LOAN AGAINST PROPERTY (LAP)

Sometimes big ideas need a small helping hand, thus we have designed our Loan Against Property product. At times you may need instant liquidity in your journey to grow and touch new heights. Your own house/property can be a greatest financial strength to meet your personal exigency or to expand your business.

Offered in the states of Andhra Pradesh, Telangana, Karnataka and Tamil Nadu, this one of its kind loan with an easy monthly repayment mode is crafted to support non BPL customers. The idea behind this product is to support them during their business expansion or, working capital requirements or to acquire assets. Loan size is up to 2,00,00,000 ( Rupees Two Crore only) with tenure of 1 to 8 years.

The interest rate of this product is 18% to 26% with processing fee upto 2% exclusive of GST.

Infographic of spandana sphoorty loan against property

PERSONAL LOANS

These loans are given exclusively for:-

Business Development – meeting with the working capital requirements, increasing the scale of business.

  • Purchase of livestock- practicing animal husbandry, dairy business, etc.
  • Purchase of stock/raw materials for business activity
  • Completion of under construction house/renovation

Margin money towards purchase of any asset (provided applicant has balance money available with him).

  • Repayment of expensive loans

By providing this loan we ensure that we help women to expand their existing income generating activities, smoothening household cash flows and for acquiring productive assets. A hassle free monthly repayment structure makes it easy for our borrowers to clear the loan without any stress.

The loan amount is up to 2,00,000 with tenure of 1 to 3 years.

The interest rate of this product is 24% to 26% with processing fee upto 2% exclusive of GST.

Infographic of spandana sphoorty Personal loanss product

INTERIM LOANS

We’ve introduced ‘Interim Loans’ to assist our borrowers who are struggling to meet short-term liquidity requirements. These are top up loans given to existing borrowers, who have not defaulted in the past, to meet their working capital needs, business expansion, children’s school fees, health care or any other emergency needs.

This loan is offered to an individual on a group guarantee. The loan amount is up to 30,000 with loan tenure of 1 to 2 years. The repayment frequency is monthly. Our Interim Loan scheme is of great help to the borrower during tough times.

The interest rate of this product is 25%. The processing fees is 1%, excluding GST.

Infographic of spandana sphoorty Interim loans product