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, based on the nature and purpose of your needs, you can pick a suitable option from the following products:
Agriculture and Allied Loan
Education Core Loan
GL Top-up Loan
Education Loan (Top up)
Loan Amount: ₹5,000 - ₹1,00,000.
Rate of Interest: 22.90% to 23.10% 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).
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 - ₹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).
Open Market Livestock Loan (OMLL).
Open Market Home Improvement Loan (OMHIL).
Loan Amount: ₹51,000 - ₹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 (24% for IBZL and OMHIL) 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)