4 articles tagged “Al Khair”

No Indian bank offers an interest-free loan; the route is membership of a credit society. How Al-Khair, Janseva and Bait-Un-Nas'r process a loan, the documents they list, and whether any accepts online applications.

India's only interest-free business finance comes from co-operative societies, and some terms are published: Al-Khair's 8 and 16 to 18 percent service charges, Janseva's SHG model, Bait-Un-Nas'r's micro finance.
Patna's Al-Khair is the most price-transparent interest-free society in India: published membership costs, doorstep deposits, and printed loan charges of 8 to 18 percent one-time. The complete guide with every caveat.
Bihar is where India's interest-free cooperative model runs deepest outside Mumbai: Al-Khair's Patna headquarters and six Bihar branches, doorstep deposit collection, and printed loan prices. The regional guide.