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| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 57,364 | ₹ 3,529 | ₹ 60,893 | ₹ 42,636 | 57.36 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 42,638 | ₹ 857 | ₹ 43,495 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
Explore Your Options
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.
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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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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 |
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