Annexure - Interest rates for Tamilnadu

I. Introduction
We have been making changes in features of our loan products from time to time
based on the market requirements. Management has decided to make following
changes in the interest rates of all loan products.

II. Revised Guidelines

It has been decided to make following changes in the interest rate for all group loans
provided by MMFL

Interest for
customers with Interest for
Loan Type Loan Product Name vintage <=4 years customers with
and new vintage> 4 years
customers
Pragati Supplement
21.6% 20.6%
Plus M
IGL Pragati Plus-M 21.6% 20.6%
Income Generation Loan Products IGL Pragati-M 21.6% 20.6%
Pragati Supplement
21.6% 20.6%
Loan-M
IGL Pragati Rstrt-M 21.6 % 20.6 %
Family Welfare Products
Festival Loan 20.6% 19.6%

III. Change in upfront interest for Emergency loan:

As per the process interest for emergency loan is charged upfront. The revised upfront
interest to be collected for Emergency loan is given below.

Old Upfront New Upfront

Old upfront New upfront
Frequency Fees (including Fees(including
interest fee interest fee
PF) PF)

Weekly 24 36 26 38

Bi-weekly 30 42 32 44
IV. Processing fees
The processing fees applicable for all products other than Emergency Loan is 1.5%
inclusive of GST. The processing fees for EL remains unchanged at 1% with
applicable GST.

Please note the following:

1. In case of defaults, additional interest rate of 2% per annum will be charged on the
overdue amount