Microfinance Loan
Microfinance Loan
Continue with this loan application
Service Category
MON-SAT 8:00–9:00
+91 569 803 6420
Eligibility Criteria
To qualify for a Microfinance Loan, the applicant must
Indian citizen aged 18 to 60 years
Annual household income
Should belong to an underserved or financially excluded category
Preferably a member of an SHG or JLG
Should not have multiple existing loans beyond RBI-permitted thresholds
Eligibility Criteria
Applicants must meet the following conditions
Indian citizen aged 18 to 60 years
Annual household income
Should belong to an underserved or financially excluded category
Preferably a member of an SHG or JLG
Should not have multiple existing loans beyond RBI-permitted thresholds
Purpose of the Loan
Microfinance loans can be used for
Starting or expanding a micro/small business
Livelihood improvement (e.g., tailoring, farming, livestock, handicrafts)
Emergency needs (e.g., education, healthcare, repairs)
Setting up small income-generating activities
Loan Amount & Tenure
Loan Type
Individual Loan
Group Loan (SHG/JLG)
Amount Range
?5,000 ? ?1.25 Lakh
?10,000 ? ?2.50 Lakh (Shared Among Members)
Tenure
12 Months
12 To 24 Months
Interest Rate & Charges
Interest Rate
18% – 26% p.a. (as per risk profile & RBI guidelines)
Processing Fee
1% – 3% of loan amount
No Collateral Required
No hidden charges; all fees disclosed in loan agreement
RBI mandates transparent pricing and margin caps for MFIs
Get an approximate figure for the total monthly instalment payments along with a complete break-up of the home loan.
Loan Amount
Loan Months
Interest Rate
Monthly EMI
₹ 8,356
Total Interest
₹ 271
Total Amount Payable
₹ 1,00,271
Required Documents
KYC Documents
Aadhaar Card (mandatory)Voter ID / PAN / Ration CardIncome Proof
May be waived or assessed through field visit (for informal income)Other Documents
Bank passbook / account statementSHG/JLG group membership document (if applicable)Passport-size photographsApplication Process
Reach out to us via field officer, agent, local center, or mobile app
Group Meeting (SHG/JLG) for loan briefing, training & responsibility awareness
Loan Application Submission with required documents
Field Verification by our credit team (home/business visit)
Loan Appraisal & Approval based on income & repayment capacity
Loan Agreement Signing with repayment schedule
Tips for Quick Approval