Features and benefits

  • Flexible repayments

    Flexible repayments

    To repay your loan amount, you can choose from tenure of up to 96 months to repay your loan amount.

  • High-value loan amount

    High-value loan amount

    Get a high-value loan amount of up to Rs. 75 lakh upon meeting the eligibility to meet all your working capital requirements.

  • Loan in account in 24 hours*

    Loan in account in 24 hours*

    Upon filing the application and getting loan approval, you can receive the loan amount in your bank account within 24 hours*.

  • Choose a Flexi loan to lower your EMIs

    Choose a Flexi Loan to lower your EMIs

    You can lower your EMIs by up to 45%* on EMIs through the Bajaj Finserv Flexi loan facility. Withdraw money from a pre-set amount and pay interest only on that amount.

  • No security

    No security

    Get easy loans without collateral, meaning you will not have to pledge any asset while availing of a loan from us.

What is Microfinance?

Microfinance is a type of financial service that provides small loans, savings, insurance, and payment systems to low-income individuals or groups who lack access to conventional banking.

Benefits of micro finance

Some of the benefits of microfinance are:

  • It helps start or expand businesses, increase income, and create jobs.
  • It empowers women to become more independent, confident, and socially active.
  • It improves well-being of the borrowers and their families.
  • It fosters financial inclusion and literacy among the marginalised sections of society.
  • It contributes to the economic development and poverty reduction of the communities and countries where it operates.

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Eligibility criteria

Getting a micro loan from us is hassle-free and convenient. You just need to meet the following eligibility parameters:

  • Citizenship

    Citizenship

    Indian Resident

  • Age

    Age

    Between 24 years and 80 years*
    (*age should be 80 years at the time of loan maturity)

  • CIBIL score

    CIBIL Score

    685 or more

  • Business vintage

    Business vintage

    Minimum of 3 years

Documents required:

  • KYC documents - Aadhaar/ passport/ voter’s ID
  • PAN card
  • Proof of business ownership
  • Other financial documents

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Interest rate and charges

Microfinance loan comes with nominal interest rates and no hidden charges. To view the list of the fees applicable on this loan, click here.

How to Apply

To apply for microfinance loan, simply follow these steps:

  1. Click on the ‘APPLY' button on this page.
  2. Enter your 10-digit mobile number and OTP.
  3. Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  4. Once you enter all your details, please click on ‘PROCEED’ to visit the loan selection page.
  5. Enter the loan amount that you need. Choose from our three business loan variants – Term, Flexi Term, and Flexi Hybrid.
  6. Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
  7. Complete your KYC and submit your business loan application.