CreditAccess Grameen established Retail Finance in 2016, which provides borrowers with personal loans. Customers who are very ambitious, tend to set up entrepreneurial ventures, have graduated from the JLG model, and can take out larger loans individually are the main goals of retail finance.
There are mainly four types of loans that are offered under retail finance loans.
- Grameen Vikas Loan: For clients with a significant credit demand for commercial objectives such as buying inventory, machinery, setting up new establishments, investing in new resources, etc., CreditAccess Grameen Retail Finance Pvt Ltd offers the Grameen Vikas loan.
- Griha Vikas Loan: With Griha Vikas Loan, existing customers of the company can obtain higher credit limits for purposes such as home renovation, repair, or extension. In this case, the borrowers will get 24-60 months to make a CreditAccess Grameen Retail Finance loan EMI payment.
- Grameen Savaari Loan: People can purchase this loan for buying two-wheelers.
- Gramin Suvidha Loan: Gramin Suvidha loans are provided to consumers as intermediary funding to meet extra demands.