Micro Loans
Micro loans extend a much-needed lending hand during life's pivotal moments. These tiny financial lifelines are offered to you to seize opportunities.
Product Offering
PM SVANidhi 1st
PM SVANidhi 2nd
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:
Features
Processing Fee: 1.2% of loan amount (excluding applicable GST) (applicable for loans above ₹25,000).
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)
Loan amount: ₹5,000 - ₹1,00,000.
Tenure: 6 to 36 months
Effective from 1 March, 2023
Features
Processing Fee: 1.2% of loan amount (excluding applicable GST) (applicable for loans above ₹25,000).
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)
Loan amount: ₹5,000 - ₹1,00,000.
Tenure: 6 to 36 months
Effective from 1 March, 2023
Fuel your dreams with accessible funding through our micro loans.
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