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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.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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
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To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
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To reinforce the SHGs (Self Help Groups) and utilize them for the economic growth of the nation.
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To promote and support startups and female entrepreneurship throughout the nation.
Most popular Microloan providers
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Microloans – 2022 |
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Interest rate |
17.95% onwards |
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Min. Rs. 1,000 & Max. Rs. 25,000 |
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Processing Fee |
Nil |
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Repayment Tenure |
Up to 12 months |
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Doorstep facility |
Available, under Dedicated Doorstep Service Center (DSC) |
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Group Loans – 2022 |
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Interest rate |
21.90% onwards |
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Loan amount |
Min. Rs. 10,000 & Max. Rs. 80,000 |
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Processing Fee |
1% of the loan amount + GST |
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Repayment frequency |
Weekly, Fortnightly or Monthly, as per the choice of the borrower |
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Micro loans – 2022 |
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Interest rate |
25% onwards |
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Loan amount |
Min. 12,000 & Max. Rs. 50,000 |
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Processing Fee |
1% of the loan amount on micro loans of amount above Rs. 25,000 |
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Collateral |
Not required |
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Income Generation Loans (IGL) – Aarambh – 2022 |
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Interest rate |
23.55% onwards |
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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 |
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Processing Fee |
1% of the loan amount |
