PRAYATNA MICROFINANCE LIMITED
[A] Computation of rate of Interest:
| S. No. | Components | Value in % |
| (i) | Cost of funds | 14.25 |
| (ii) | Risk Premium | 2.25 |
| (iii) | Margin | 1.50 |
| (iv) | Operational Expenses | 9.00 |
| (v) | Loan Loss Reserve | – |
| (vi) | Others (if any) | – |
| Interest rate [sum of (i) to (vi)] | 27.00 |
[B] Category wise rate of Interest:
The Board discussed that till now Company has not classified its client on the basis of any category to charge different Rate of Interest on different clients. Hence it is decided that the Company will continue to charge the Flat Rate of Interest as earlier.
[C] Ceiling on Rate of Interest: 27.00% p.a.
[D] Range on rate of interest:
[E] Other Charges/Fee:
