There only three component in pricing of the loan – Interest, processing charges and Insurance premium including administrative charges as permissible under IRDA guidelines.
There is no penalty charged on delayed payment.
Nimisha shall not collect any security deposit / margin from the borrower.
There is a standard format of loan agreement.
Borrower’s loan card reflects all the five details as stipulated by RBI.
Effective rate of interest charged by it is prominently displayed in all its offices, in the literature and on its website.
Complies with RBI guidelines on multiple lending, over borrowing and ghost borrowers.
Nimisha follows non coercive methods of recovery as stipulated by RBI.
Nimisha complies with RBI guidelines on Corporate Governance as applicable to it.
The company follows fair practices code generously. To follow fair practices a grievances redress cell has been set up to handle such a cases.
To target micro and small enterprises which are not serviced by the formal banking network.
The company aims to deliver its products through a network of branches based on a hub and spoke would predominately in under developed areas and focused is to leveraging the power of banking and technology.
Our core values
We believe that our clients deserve fair and efficient microfinance services. We will provide these services to them in as convenient, participatory and timely manner as possible.
Our practices are always transparency with the law.
Through technology and efficient processes our endeavor is to deliver superior product & services which are of consistence quality.
A grievances redress cell is set up within the staff and also, The company follows fair practices code generously. To report such a incident, Please Write US , Call Us or Email Us.