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Micro Loans MICRO LOANS

Our micro loans help integrate the hitherto underserved and unserved segments with all banking services. These loans are designed to provide you solutions to meet your diverse needs. Products under micro loans include individual and group loans. They boost your efforts to gain financial independence and help you fulfil all your aspirations. Facilitating 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 goal is ours and the fulfilment of your aspirations is our motivation to excel.

These are loans given at moderate interest rates under the Joint Liability Group (JLG) model. Based on the nature and purpose of your needs, 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.

We strive to support you in all your endeavours. Whether you are looking to renovate your house or expand your business, we offer you Individual Loans - ranging from ₹51,000 to ₹2,00,000 - to meet all your financial needs. These are purpose-based loans, which are given to individuals without any group guarantee.

Based on your need, you can choose an option from the following products:

  • Individual Business Loan (IBL).
  • Individual Livestock Loan (ILL).
  • Home Improvement Loan (HIL).
  • Individual Agriculture Loan (IAL).
  • Individual Bazaar Loan (IBZL).
  • Open Market Livestock Loan (OMLL).
  • Open Market Home Improvement Loan (OMHIL).

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

  • 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
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