Micro Finance
Apply for small-ticket loans online. Applicable for households that have an annual income of up to Rs 3,00,000.
Micro Finance
Apply for small-ticket loans online. Applicable for households that have an annual income of up to Rs 3,00,000.
About Us
We are the first MFI to publish real interest rates on our clients' passbook^
We are committed to the highest levels of efficiency in our operations
Our Interest Rates
Microfinance Loans
Interest Rate
Minimum interest rate
20.75%
Maximum interest rate
25%
*(Average interest rate is the "Weighted average interest rate” computed by taking the sum of each loan’s interest rate multiplied by the loan amount and then dividing this sum by the total loan amount disbursed)
Interest Rate Range
Mean rate and interest rate range for the quarter April 2025– June 2025
Annualised Percentage Rate for the Quarter April 2025– June 2025
Interest Rates (Jun) For the Quarter April 2025– June 2025
Processing Fee
Loan Options
CREDIT SHIELD PREMIUM (ICICI Prudential Rates)
CREDIT SHIELD PREMIUM (HDFC Life Rates)
Mean rate and Interest rate range
Segment
Mean Interest Rate
Min Rate (in %) p.a.
Max Rate (in %) p.a.
Microfinance Loans
23.69%
20.75%
25%
• Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.
*Subject to meeting eligibility criteria.
“The average TAT to loan disbursement is 14 days subject to customer providing all the required details and being available for required center meetings and house verification”
The Bank has engaged Business Correspondents (BCs) to manage microfinance business. The name of BCs and their operating areas are given below.
^Source: Chuck Waterfield, CEO, mfTransparency.org
Business Correspondents (BCs)
| Name of Business Correspondents | States President | Districts Covered |
|---|---|---|
| NEW OPPORTUNITY CONSULTANCY PRIVATE LIMITED | Odisha Uttar Pradesh | Bhadrak, Cuttack, Ganjam, Jajapur, Kendujhar, Mayurbhanj, Nayagarh and Puri Ambedkar Nagar, Azamgarh, Bahraich, Ballia, Barabanki, Deoria, Gorakhpur, Hardoi, Kanpur, Kushinagar, Lucknow, Maharajganj, Raebareli and Sitapur |
| SONATA FINANCE PRIVATE LIMITED | Bihar Uttar Pradesh | Bhojpur, Buxar, Kaimur, Kaimur (Bhabua), Rohtas, Sitamarhi and Vaishali Basti, Faizabad, Gonda, Pratapgarh, Santkabir Nagar, Siddharth Nagar and Sultanpur |
Loan Application Forms and Loan Agreements can be accessed in the form centre
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