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
- Loan Biasa
- Loan Special
Loan Products offered to Individual Clients:
- Loan SME
- 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).