Micro Loans

Micro Group Loans

You are a part of a community. You and your neighbors have dreams. You want to start a business, invest in your education, or cover unexpected expenses. But you don't have access to traditional loans. Micro group loans can help.

Group Loans

These are loans given at moderate interest rates, based on the nature and purpose of your needs, you can pick a suitable option from the following products:

  • Business Loan.
  • Agriculture and Allied Loan
  • Family Loan
  • WATSAN Loan
  • GL Top-up Loan
  • Emergency Loan
  • Smartphone Loan

Features

Nil for loans up to INR 25,000.1.2% (+GST) or INR 1,100 (+GST) whichever is lower for loans above INR 25,000

Interest rate ranging from 23.00% to 23.75% p.a

Loan amount: ₹5,000 - ₹1,00,000.

Tenure: 6 to 36 months

Effective date from 31st May, 2024

Service Charges Download Brochure
Features

Features

Service Charges Download Brochure

GECL (ECLGS)
Product Offering

  • Loan Amount: Upto ₹18,000
  • Tenure: 60 Months (Principle moratorium till 24 months)
  • Rate of Interest: 9.25% p.a (Linked to EBLR)
  • Processing fee: Not Applicable
  • Franking charges/Stamp duty: Not Applicable
  • Service Charges: Nil
  • Documents: Same as Group Loans

PM SVANidhi 1st

  • Loan Amount – upto ₹10,000
  • Tenure – 12 Months
  • Rate of Interest – 24% p.a
  • Mean Interest rate for last Quarter – 24%
  • Processing fee – Not Applicable
  • Franking charges/Stamp duty – Not Applicable

PM SVANidhi 2nd

  • Loan Amount: ₹15,000 - ₹20,000
  • Tenure – 18 Months
  • Rate Of Interest: 24% per annum on a reducing balance method governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
  • Mean Interest rate for last Quarter – 24%
  • Processing fee – Not Applicable
  • Franking charges/Stamp duty – Not Applicable

Fuel your dreams with accessible funding through our micro loans.

Apply Now
Apply for a Micro Loan