Micro Business Loan
If you're a small business owner or starting a new venture, a micro business loan is designed to fuel your growth. When you're prepared to upgrade your business, secure a micro business loan and set out on your journey to success
GECL (ECLGS)
Product Offering
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
