Micro Enterprise Loan

Micro Enterprise Loan up to ₹ 5 Lakh* A Micro Enterprise Loan helps you unlock the true potential of your business. We provide Micro Enterprise loans of up to ₹ 5 Lakh* with competitive interest rates to support your working capital needs, business expansion, or equipment purchases. Choose a flexible repayment period that suits your business cash flows.

Our Micro Enterprise loan options ensure quick approvals and smooth disbursals, making it easy for you to access the business funds you need.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Competitive Interest Rates

Get a Micro Enterprise Loan with attractive interest rates starting at competitive market benchmarks, with an IRR ranging from 18% to 24% p.a.

Ideal Loan Amount

Get funding tailored for small and micro businesses, with ticket sizes up to ₹ 5 Lakh.

Digital Access

Completely online application process with minimal manual intervention.

Minimal Documentation

Basic KYC, business registration, and address proofs are sufficient.

Monthly Repayment

Flexible repayment options in Easy Monthly Installments (EMIs).

Micro Enterprise Loan EMI Calculator

Plan your business expenses with ease. Use our EMI calculator to check your monthly outflows.
Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹100000

₹500000

Interest rate (per annum)

18%

24%

Tenure

24months

48 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents

Eligibility Criteria

Age:

Minimum 23 years at the time of onboarding. Maximum 60 years at the time of loan maturity.

Customer Segment:

Self-employed individuals, micro-enterprises, proprietors, and small business owners.

Business Vintage:

Minimum of 3 years of business continuity in the same city.

Income Stability:

Must have a stable source of business income and repayment capacity.

Required Documents

Identity Proof

PAN Card along with Aadhaar Card / Voter ID / Passport / Driving License.

Address Proof

Utility bills (not older than 2 months) / Aadhaar Card / Rent Agreement copy.

Business Proof

Udyam Registration, GST Registration, Shop & Establishment Certificate, or any other valid government-issued business registration.

Income/Financial Proof

Bank account statements for the last 6 months

Fees And Charges

List of all fees and charges for the Micro Enterprise Loan

Charge Type – Micro-enterprise loan (MEL)
Details
Processing Fees
Up to 2 % of loan amount + applicable taxes

EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below

Loan sanction amount in Rs.

Charges in Rs.

< 5 lacs

₹ 500

5 – 50 Lacs

₹ 1000

>50 Lacs – 2 Cr

₹ 1500

>2 Cr

₹ 2000

Late Payment Charges/ Penal Charges
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Foreclosure Charge
Up to 3% of principal outstanding + applicable taxes
Repayment instrument swap fee (per swap)
Up to Rs.500/- + applicable taxes (applicable only for branch walk-ins)
Document retrieval / Duplicate NOC charges
Duplicate NOC : Up to Rs. 500/- + applicable taxes
Legal fees
As per actuals or Rs. 15,000/- whichever is lower + applicable taxes
Recovery fees
As per actuals or Rs. 15,000/- whichever is lower + applicable taxes