We provide loans to individual as well as group members in different regions of India for a range of income-generating activities. Sonata serves thousands of underprivileged people across villages and semi urban /urban slums in India. By providing the financial assistance to the most deprived sections of the society we endeavor to eradicate poverty from the country.

Income Generating Loans
In the initial growth period, Sonata offered one basic loan product, which is strictly restricted to income generating activities. It ranges from Rs. 9,750 - Rs. 41,450 for tenure ranging from 12-24 months. During the first cycle and on average, clients apply for a loan of a maximum Rs. 8,000 (the minimum amount is Rs. 2,000). The basic loan is repaid in equal weekly, fortnightly & monthly installments at the choice of the borrower at "center meetings" held in the local communities. Prepayment of principal is possible but only if the client settles the entire balance of the principal outstanding.

Lending Model Joint Liability Group (JLG)
Loan Amount Rs. 9,750 - Rs. 41,450
Tenure 12-24 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 23.03-23.10%
Processing Fee 1%

Individual Lending
The Company also offers Individual Loans ranging from Rs. 26,500-Rs. 1,00,000 for a tenure ranging from 24-36 months to its existing borrowers with excellent repayment record in the form of business loans to facilitate financing of small enterprises.

Lending Model Individual Lending (IL)
Loan Amount Rs. 26,500 - Rs. 1,00000
Tenure 24 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 23.04-23.10%
Processing Fee 1%

Micro Enterprise Loan
Sonata has come a long way in initiating various loan products for its clients to smoothen and hasten their day to day working by giving impetus to their business. The Micro Enterprise Loan product is introduced for the purpose of supporting clients in case of Business or Asset Expansion, Working Capital requirement & Term Loan. The loan amount shall be from the range of Rs. 1,00,000 – Rs. 5,00,000/- for the tenure of 24 to 36 months.

Lending Model Joint Liability Group (JLG)
Loan Amount Rs. 1,00000 - Rs. 5,00000
Tenure 24-36 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 23.58-23.92%
Processing Fee 1%

Utility Finance
The Company has innovatively developed products for financing bicycles, stoves and sewing machines as well – which are not only enablers to business but also provide relief to the poor. It ranges from Rs. 5000 – Rs. 20,000 for the tenure of 6 to 18 months.

Lending Model Joint Liability Group (JLG)
Loan Amount Rs. 5,000 - Rs. 20,000
Tenure 6-18 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 21.5-23.10 %
Processing Fee 1%

Sanitation Loan
The Company offers sanitation loan products to its clients to help them to live a life of dignity. The loan is offered for construction of toilets, bathrooms, and water connections. The amount of loan under this head ranges from Rs.22950/ - Rs. 23300/- for the period of 18 months.

Lending Model Joint Liability Group (JLG)
Loan Amount Rs. 22,950 - Rs. 23,300
Tenure 18 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 22.16-22.43 %
Processing Fee 1%

Home Improvement Loan
The Company offers Home Improvement Loan to their clients in order to facilitate funds to them while they were in need for repair, renovation additional construction repair & completion of their House.
Home Improvement Loan is being introduced to strengthen the clients and improve their standard of living by providing loan to them for small fixation in their home like- plumbing, roof restoration, painting, water proofing, plastering, floor tiling, cement mortar flooring, security fences, addition of room and other structural intervention.
It shall be in the range between Rs. 20,000 -Rs. 80,000 for a maximum period of 36 months.

Lending Model Individual Lending (IL)
Loan Amount Rs. 20,000 -Rs. 80,000
Tenure 36 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 22.16-22.43 %
Processing Fee 1%

Two Wheeler Loan- Sonata Wheels
In order to tap its rural clientele base in our area of operations Sonata has introduced two wheeler loan. The scheme has been launched in Lucknow Region on pilot basis. It ranges from Rs. 15,000 – Rs. 60,000 for a maximum period of 36 months.

Lending Model Individual Lending (IL)
Loan Amount Rs. 15,000 – Rs. 60,000
Tenure 12-36 Months
Repayment Frequency Fortnightly/Monthly
Rate of Interest (Reducing Balance Method) Qtr III (FY 2019-2020) 23%
Processing Fee 1%

Terms & Conditions

  • Processing Fee Charged at the time of Disbursement.
  • Penality is not charged in any case.
  • Prepayment of loan installments allowed without penality.
  • Loan is without collateral Except Micro enterprise loan.
  • Loan is repayable by weekly, fornightly & monthly installments at the choice of the borrower.
  • The Loans are sanctioned for supporting the members for undertaking Income Generating activities
  • We do not charge any type of other additional fee from clients
  • We ensure that any of the clients are not financed by more than one MFI excluding Sonata.
  • Maximum permissible net loan exposure to a client is not more than Rs 100000/ Except Micro enterprise loan -
  • Household Income criteria for Rural areas is Rs 100000/- annually & for Urban it is Rs 1,60,000/- annually respectively.
  • All the loans are mandatorily to be verified by Credit bureau before disbursement.
  • For any further information kindly contact the Toll Free No.1800-2100102