Deposit Account

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

  • 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 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

© 2023 Ujjivan Small Finance Bank Ltd. CIN NO: L65110KA2016PLC142162

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