Micro Enterprise Loan

The Internal Rate of Return (IRR) ranges from 18% to 24% per annum, calculated on a reducing balance method. The final rate depends on your business profile and credit assessment.

The processing fee is up to 2% of the sanctioned loan amount plus applicable taxes.

Any individual running a proprietary firm, partnership, or small business with a valid business proof and stable income can avail of this loan, provided they meet the basic age and vintage criteria.

Yes, loan prepayment is permitted after a specific lock-in period. Foreclosure charges (up to 3% on the principal outstanding + applicable taxes) will apply as outlined in your Key Fact Statement (KFS).

The maximum loan amount is up to ₹ 5 Lakh. The exact sanctioned amount depends on your business vintage, banking transactions, and overall repayment capacity.