Micro Finance Loan
Our micro loans help integrate the heretofore underserved and unserved parts with all banking services. These loans are designed to give you results to meet your different requirements. Products under micro loans include individual and group loans. They boost your sweats to gain fiscal independence and help you fulfil all your bournes . Easing your integration with mainstream banking in this way is helping us realise our vision of seeing every Indian with a bank account. We truly believe that your dream is our dream and your thing is ours and the fulfilment of your bournes is our provocation to excel.
These are loans given at moderate interest rates under the Joint Liability Group( JLG) model. Grounded on the nature and purpose of your requirements, you can pick a suitable option from the following products
- Business Loan.
- Family Loan
- Agriculture and Allied Loan
- Education Core Loan
- GL Top-up Loan
- Emergency Loan
- Education Loan (Top up)
- Loyalty Loan.
Features:
- Loan amount: ₹5,000 – ₹1,00,000.
- Rate of Interest: 22% per annum on a reducing balance method (governed by the MCLR based pricing policy of the bank)
- Processing Fee: 1.2% of loan amount (excluding applicable GST) (applicable for loans above ₹25,000).
- Tenure: 6/12/18/24/30/36 months