Micro Loans

Micro Individual Loan

Do you have dreams like starting a business, getting an education, or dealing with unexpected costs? That's when micro-individual loans can make a difference. Start chasing your dreams now

Individual Loans

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 ₹50,000 - ₹3,00,000 - 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).
  • Individual Loan Top-up
  • Open Market Livestock Loan (OMLL)
  • Open Market Home Improvement Loan (OMHIL).


  • Loan Amount: ₹50,000 - ₹3,00,000 ( ₹51,000 - ₹1,00,000 for the IAL category).
  • Rate of Interest: 24.25% to 25.50% per annum on a reducing balance method governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
  • Processing Fee: 2% of the loan amount (excluding applicable GST)
  • Franking charge/stamp duty is as per the state act
  • Late payment charge: ₹ 100 per late EMI (including applicable GST).
  • Pre-closure charge: 2% of the principal outstanding including applicable GST (There are no pre-closure charges if a customer pre-closes his/her loan after paying 70% of his/her instalments.) (Not applicable to HIL and OMHIL categories)
  • Tenure: 6 Months – 36 Months
  • Effective from 1 March, 2023

Fuel your dreams with accessible funding through our micro loans.

Apply Now