
A Small Start to Your Big Dreams
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

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