EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %8 %
Tenure (months)12
Emi (monthly)8,699
Total Interest4,386
Loan Amount + Interest104,386
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
82,7774,21386,99017,22382.78 %
Apr8,0326678,69991,9688.03 %
May8,0866138,69983,88216.12 %
May8,1405598,69975,74224.26 %
Jun8,1945058,69967,54832.45 %
Jul8,2494508,69959,29940.70 %
Aug8,3043958,69950,99549.00 %
Sep8,3593408,69942,63657.36 %
Oct8,4152848,69934,22165.78 %
Nov8,4712288,69925,75074.25 %
Dec8,5271728,69917,22382.78 %
17,22517317,3980100.00 %
Jan8,5841158,6998,63991.36 %
Feb8,641588,6990100.00 %

Explore Your Options

Let's Find You The
BEST MICRO LOAN

To avail of the microloans, the applicant requires to simply visit the official site of the desired MFI and fill in the application form for the loan, then submit every needed certificate. After that, submit the form, and when the MFI is convinced with all submitted certificates, it will disburse the loan to the bank account of the applicants.

How To Apply
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Objectives

Purpose and objectives of microloans

Microloans may utilize several businesses regarded as activities like maintaining cash flow, meeting working capital needs, starting a new business, maintaining cash flow and managing day-to-day expenses, and debt consolidation

  • To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
  • To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
  • To promote and support startups and female entrepreneurship throughout the nation.

Most popular Microloan providers

Bandhan Bank

                                                                Microloans – 2022

Interest rate

17.95% onwards

Loan amount

Min. Rs. 1,000 & Max. Rs. 25,000

Processing Fee

Nil

Repayment Tenure

Up to 12 months

Doorstep facility

Available, under Dedicated Doorstep Service Center (DSC)

Annapurna Microfinance

                                                             Group Loans – 2022

Interest rate

21.90% onwards

Loan amount

Min. Rs. 10,000 & Max. Rs. 80,000

Processing Fee

1% of the loan amount + GST

Repayment frequency

Weekly, Fortnightly or Monthly, as per the choice of the borrower

BSS Microfinance

                                                                    Micro loans – 2022

Interest rate

25% onwards

Loan amount

Min. 12,000 & Max. Rs. 50,000

Processing Fee

1% of the loan amount on micro loans of amount above Rs. 25,000

Collateral

Not required

SKS Microfinance

                            Income Generation Loans (IGL) – Aarambh – 2022

Interest rate

23.55% onwards

Loan amount

Min. Rs. 7591 & Max. 11,610 for the 1st loan, next loan increase set is of Rs. 14,959 determined by credit history

Processing Fee

1% of the loan amount

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Referloan Support

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