Micro Business Loan

If you're a small business owner or starting a new venture, a micro business loan is designed to fuel your growth. When you're prepared to upgrade your business, secure a micro business loan and set out on your journey to success

GECL (ECLGS)Product Offering

Loan Amount: Upto ₹18,000

Franking charges/Stamp duty: Not Applicable

Tenure: 60 Months (Principle moratorium till 24 months)

Service Charges: Nil

Rate of Interest: 9.25% p.a (Linked to EBLR)

Documents: Same as Group Loans

Processing fee: Not Applicable

PM SVANidhi 1st

- Loan Amount – upto ₹10,000
- Tenure – 12 Months
- Rate of Interest – 24% p.a
- Mean Interest rate for last Quarter – 24%
- Processing fee – Not Applicable
- Franking charges/Stamp duty – Not Applicable

PM SVANidhi 2nd

- Loan Amount: ₹15,000 - ₹20,000
- Tenure – 18 Months
- Rate Of Interest: 24% per annum on a reducing balance method governed by the Marginal Cost of Funds based Lending Rate MCLR-based pricing policy of the bank
- Mean Interest rate for last Quarter – 24%
- Processing fee – Not Applicable
- Franking charges/Stamp duty – Not Applicable