Last updated: November 2026
This is a summary of the Interest Rate Policy of Jyothika Micro Finance Pvt. Ltd.. The full policy is approved by the Board of Directors and reviewed periodically.
How interest rates are decided
Interest rates are set using a risk-based approach that considers:
- The Company's cost of funds, operating costs and expected credit losses
- The loan product, amount and tenure
- The borrower's profile, repayment capacity and credit history
- Whether the loan is secured (for example, a gold loan) or unsecured
- Prevailing market conditions and applicable regulations
Because of these factors, two customers may be offered different rates for the same product.
Transparency
- The annualised rate of interest is always disclosed in the sanction letter and loan agreement.
- A Key Fact Statement showing the all-in cost, including processing fees and other charges, is shared before you sign.
- Interest is calculated on a reducing balance basis unless the loan agreement states otherwise.
- The EMI or instalment amount and the full repayment schedule are shared at disbursal.
Fees and charges
Processing fees, documentation charges, penal charges for late payment and any other charges are disclosed in the loan documents. No charge is levied unless it has been disclosed to you in writing.
Changes
Any change in interest rates or charges is communicated to borrowers in advance and applies only prospectively.
EMI calculator
The EMI calculator on this website is for illustration only. It is not a loan offer, and the rate you enter may not reflect the rate you are offered. Your actual terms depend on your eligibility and company policy.