Financial
Loan services
Loan is the key products of JUSBL. Loan is provided to eligible group member for self employment and income generation. There are various types of loan product offer by bank.
 
a. General Loan
After completion of the compulsory group training and group recognition test clients are eligible to take of IGAs, and can submit loan application in the center. This loan is accessible to clients with good repayment performance in the following sequence.
 
Year Maximum Loan Size(Rs) Loan Term Annual Interest Rate
1st Year 30,000 25 10%
2nd Year 50,000 25 10%
3rd Year 70,000 25 10%
4th Year 1,00,000 25 10%

b.Group Fund Saving Loan
This loan is disbursed  mainly for medical,consumption,education, emergency and other productive purposes .It can be repaid on equal installment bases.Members within group can apply for the loan from centre fund/group savings. This loan can be disbursed only after maintaining minimum balance Rs.500 on centre fund and can give maximum 2 person according to the group decision.This provision has been very helpful for the members in their dire need at the time of emergency.Group leader ‘s recommendation  is necessary for loan.The interest rate on this loan is 8% .

c. Occupational Loan
This type of loan is mostly disbursed  on the income generating sector by promoting the traditional skill and practices of the member. After the case study  of  favourable possibility for investment done by branch office, it will send to its high level according to the necessity for the approval of loan acceptance.The annual interest rate is 10%.
With Collateral
 
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
1st  Year 30,000 25 10%
2nd Year 60,000 25 10%
3rd  Year 1,00,000 25 10%

d.Seasonal Loan
Members who have completed the first loan cycle with good repayment performance are eligible to draw seasonal loan.Seasonal  loan is special for working capital-cash crops production and petty trading purpose.
 
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
1st  Year 50,000 12 12%
2nd Year 1,00,000 12 12%

e.BioGas Loan
This loan is used for manufacturing biogas plant. Bank offers this loan to second year’s members who have livestock and have utilized General loan with good repayment performance. The loan can be given with collateral and without collateral. Bank provides this loan with partnership with other organization or with bank’s sources itself.Annual interest rate on this loan is 10%.

f.Irrigation Loan
This loan is disbursed to the borrower for the construction of tube well,canal.It is provided for the concern  group. The interest rate on this loan is 10%.
f.Project Loan             
Project loan is designed to the borrower who have completed the first general loan cycle with good repayment performance and who have acquired enough entrepreneurial skill and knowledge to run the projects.

Without Collateral
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
2nd  Year 50,000 25 12%
3rd Year 1,00,000 25 12%
 
 
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
1st  Year 5,00,000 36 12%

g.Agricultural and Livestock Loan
As per the maximum requirement of the field and its client,JCMDB has designed this loan portfolio for new and old member. As most of the poor people of our society have been engaged on one of the easiest occupation i.e. agricultural and husbandry none commercially. But the main purpose of this loan is to promote these occupations commercially with new method. This loan is used for purchasing chemical fertilizer, seeds, agricultural inputs and other things necessary for livestock. Annual interest rate on this loan is 10%.

h.Educational Loan
This loan is used for the children of the client to study and get higher degree of technical and vocational education. Bank offers this loan to those clients who have utilized General loan with good repayment performance. This is collateral based loan .Academic certificate is use as collateral. Annual interest rate is 8%.

i.Foreign Employment Loan
This loan is used for the family member of the client to go abroad for foreign employment. Bank offers this loan to those clients who have utilized General loan with good repayment performance. This is collateral based loan.

Without Collateral
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
2nd  Year 40,000 25 12%
3rd Year 1,00,000 25 12%
 
 
Year Maximum Loan Size(Rs) Loan Term Interest Rate on Flat
1st  Year 5,00,000 36 12%
 

j.Green Financing
The loan is distributed in group guarantee basis to the individuals:it is repaid in weekly/fornightly/monthly installments with intrest as per the loan’s size and nature of its consumer group for the protection and promotion of the forest.The general loan ceiling is as same as foreign employment loan and interest rate is 10%.

k.Housing Loan
JCMDB uses a very specific targeting strategy to ensure that all first –time client are very poor. As one of the targeting criteria is the absence of cement walls or ceiling in the client’s house, there is a strong demand for various type of housing loans. To access the housing loans the clients must have maintained strong credit discipline in the precious years, have improved economic condition from previous loans. It is provided for the client for construction of house, for repairment of the house and maximum loan size is 5,00,000.Interest rate on this loan is 12% and it can be given with collateral and without collateral.

l.Commodity Lending
This loan is provide to the client for the purchasing of commodity like mobile phone, computer, television, vehicles etc which helps to empower their skill and capacity. The interest rate on this loan is 12%.

m.Collective Lending
It is provided for the group cultivation, livestock and for the establishment of business .The interest rate on this loan is 12%and maximum loan size, installment is as same as on project loan.

n.Institution Loan

Bank also provide loan to the co-operative and other institution in its operational area. It is mostly provide for the promotion of community banking in those areas.