Loan Products

Based on the segmentation of clients as Group Clients and Individual Clients, Moris Rasik has tailor-made loan Products to suit to these segments.

Loan Products offered to Group Clients

  1. Loan Biasa
  2. Loan Special

Loan Products offered to Individual Clients:

  1. Loan SME
  2. Loan Productu ba Hadia Uma

The table below summarizes the product characteristics of all the above four loan products:

  For Group Clients For Individual Clients
Parameter Loan Biasa Loan Special Loan SME Loan Hadia Uma
ProductID LNLB LNLS LNSM LPHU
Type of Loan Group Loan Group Loan Individual Loan Individual Loan
Minimum Loan $50 $400 $500 $500
Maximum Loan $5,000 $5,000 $50,000 $2,500
Interest Rate 18.72% p.a 15.60% p.a 15% p.a 15% p.a
Interest Calculation 52 weeks -> Flat 52 weeks -> Flat Monthly -> Flat Monthly -> Flat
Repayment Frequency Two variations:

Weekly, four-weekly

Two variations: Weekly, four-weekly Monthly Monthly
Loan Term 25-50 weeks 50-75 weeks 12 months 12 months
Security Deposit 20% of Loan Outstanding 20% of Loan Outstanding Monthly deposit an amount equal to interest due for that month. Monthly deposit an amount equal to interest due for that month.

We also collect a nominal contribution towards client protection fund. This fund is used to cover the loan amount in case the client who has taken the loan dies (credit life with death benefit).