INDIVIDUAL & MSME LENDING
Explore individual and MSME loans for income-generating needs and business growth, including collateral-free options on eligible products. Understand your rates, charges and repayment terms before you decide.
Finance for income-generating needs, with local support and technology-led assessment.
Credit for the shop owners, makers and entrepreneurs building the next stage of their business.
01 / INDIVIDUAL
Purpose-based loans to help individuals start or expand an income-generating activity.
The loan amount and repayment schedule depend on your assessment.
02 / MSME · SBL
Small Business Loans for micro, small and medium enterprises, supporting entrepreneurs as they strengthen or grow their business.
Product classification, security requirements and final terms are confirmed during assessment.
ALSO AVAILABLE / GROUP LENDING
Collateral-free group lending for women in the same community, with mutual responsibility for repayment.
Subject to group eligibility, household income and repayment assessment.
Loan ranges follow the published product page; tenure and charges follow the published interest-rate schedule. Reviewed 24 September 2026. Final terms are provided in your loan documents. View source product information (opens in a new tab)
UNDERSTAND YOUR OPTIONS
A collateral-free loan does not require an asset to be pledged as security. Eligibility and repayment capacity still matter.
Ask our team which individual or business lending options are available to you without collateral. Loan amount, security requirements, pricing and final terms depend on the product and your assessment.
Talk to our teamLooking for group lending?KNOW WHAT YOU PAY
Ask for your Key Facts Statement before accepting a loan. It sets out your annual percentage rate (APR), charges and repayment schedule.
Published interest rates · reducing balance per annum
| Product | Minimum | Maximum | Average | Processing fee |
|---|---|---|---|---|
| JLG microfinance | 26.95% | 26.95% | 26.95% | 1.5% + GST |
| Individual microfinance | 25.95% | 26.62% | 26.285% | 2% + GST |
| Vriddhi · up to ₹1 lakh | Not published | 29% | Not published | 1.5% + GST |
| Pragati · up to ₹1 lakh | Not published | 29% | Not published | 2% + GST |
| SBL, including Samriddhi | 26.95% | 29.95% | Not published | 1.5% up to ₹1 lakh; 2% above ₹1 lakh + GST |
Source: company interest-rate schedule, reviewed 24 September 2026. Vriddhi rate effective May 2026; Pragati April 2026; SBL August 2025. Insurance is charged at actuals. “Not published” means the source schedule does not state that value. Interest rates are not APR; your APR includes applicable charges.
The published schedule states that no penal interest is charged, but broken-period interest applies to the outstanding EMI for the period of delay at the borrower’s contracted rate. A late payment can therefore still have a cost. Ask our team to explain your applicable charges.
No prepayment charge applies. Any applicable late-payment charge is restricted to the overdue amount. Your agreement and KFS must explain the amount and reason for applicable charges.
Review the total cost, instalment amount, repayment dates and any charges. Ask for an explanation in a language you understand. Borrow only what your household can repay.
LENDING THAT CONSIDERS YOUR HOUSEHOLD
Microfinance loans are for households with annual income up to ₹3 lakh, subject to the applicable RBI framework.
Total monthly household loan repayments must not exceed 50% of monthly household income.
Read your KFS and loan agreement. A referral or inquiry does not guarantee approval.
Call customer care on 1800 180 6365.
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