Emergency Loans

Purpose

CreditAccess Grameen offers short term emergency loan to its clients to help them address emergencies and short-term cash flow constraints. This timely financial assistance refrains the members from resorting to other informal sources of money, which are very expensive.

Loan Amount

  • Clients can avail Emergency loans upto Rs. 1000/– to help them deal better with sudden crisis situations.

Rate of interest

  • 18% per annum on declining balance.

 

Tenure

  • Maximum of 3 months.