SKS Microfinance raises loan ticket size

SKS Microfinance today said it has raised loan ticket size for one and two years of tenure to Rs 30,000 and Rs 50,000.
The Company has decided to revise the ticket size of loan to be extended to its borrowers with effect from December 7, 2015, it said in a regulatory filing.
Under this, loans up to 52 weeks tenure will have a maximum ticket size of Rs 30,000 and loans up to 104 weeks tenure will have a maximum ticket size of Rs 50,000.
"The revision in the ticket size is likely to have a positive impact on the disbursements/credit take-off and the operating cost structure.

"However as on date, we are not able to quantify the future impact of the same," it said.
The decision follows RBI's November circular that advised all NBFC-MFIs that limit of the loan amount for which the tenure is not less than 24 months was raised to Rs 30,000- from the previous limit of Rs 15,000.