MFDII provides loans for productive purposes and also short-term loans to meet social obligations at competitive interest rates. Normal loan size per individual ranges from Rs.5,000/- to Rs.50,000/-. For development institutions, NGOs the maximum loan size is up to 5 lakhs against proper guarantee. NGOs and individuals are eligible to borrow from the fund 3 months after they become MFDII members. The board of directors meets every 3 months to decide on loan applications.

 
 
MFDII LOAN PARTICULARS

Particulars Individual SHG NGO / Federation
Loan Amount Maximum Rs. 50,000 Rs. 2,00,000 Rs.10,00,000
Rate of Interest
(Diminishing)
14% 14% 14%
Loan Repayment period 1-12 Months 1-12 Months 1-36 Months
Application cost 250 500 1000   
Subsequent Application cost 250 500 500
Process fee 1% 1% 1%
 
 
 
 
 
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