> Products and Services
MicroCred Nanchong will initially offer a micro-loan product with loan sizes ranging from RMB 5000-75,000 or EUR 500-7500, but will introduce other loan products in the future. The micro-loan product may be used as working capital or for fixed asset purchases. The following table summarizes MicroCred’s products :
| Working Capital | Investment Capital | |
| Loan Term | 3 months to 12 months | 3 months to 18 months |
| Loan Amount | RMB 5,000 – RMB 75,000 | RMB 5,000 – RMB 75,000 |
| Payment Frequency | Monthly | Monthly |
| Method of Repayment | Equal installments of principal and interest | Equal installments of principal and interest |
| Interest and Commission | - Interest: 1.1%/mon - Commission: 2% (deducted at disbursement) |
- Interest: 1.1%/mon - Commission: 2% (deducted at disbursement) |
