Features and benefits of our microfinance group loan

  • No part-prepayment or foreclosure charges

    No part-prepayment or foreclosure charges

    Repay a part of your loan in advance or pay the entire amount at no extra cost.

  •  Convenient tenures

    Convenient tenures

    Manage your loan conveniently with repayment tenures ranging from 12 months to 36 months.

  • Loan of up to Rs. 1.5 lakh

    Loan of up to Rs. 1.5 lakh

    Manage your expenses with loans ranging from Rs. 5,000 up to Rs. 1.5 lakh.

  • No hidden charges

    No hidden charges

    Our fees and charges are clearly mentioned both on this page and in our loan documents. Please read these in detail before applying.

  • No collateral needed

    No collateral needed

    You are not required to offer any security, such as gold jewellery or property documents.

  • Still haven’t found what you’re looking for? Click on any of the links at the top of this page.

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Eligibility criteria and documents required

Women applicants can get a microfinance group loan by meeting our basic eligibility criteria. You will be asked to submit a few basic documents.

Eligibility criteria

  • Nationality: Indian
  • Age: 18 years to 80 years*
  • Gender: Female**

*Higher age limit is applicable at the time of loan maturity.

**Individuals belonging to low-income households

Documents required

  • Valid KYC
  • Bank account proof (bank passbook)

Interest rate and applicable charges


Rate of Interest
Minimum Maximum Average in Q1 FY 25
24% p.a. 26% p.a. 24.72% p.a.


Type of fee Applicable charges
Processing fees Up to 1.5% (inclusive of applicable taxes) of the total loan amount
Documentation charges Not Applicable
Prepayment charges Part-prepayment – NIL

Full prepayment – NIL
Bounce charges Up to Rs. 50/- per bounce.
“Bounce charges” shall mean charges for non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason
Penal charge
Delay in payment of instalment for more than 7 days from the due date of instalment shall attract penal charge of up to Rs. 4/- per day for every delayed instalment, until the receipt of instalment
Mandate registration charges Not applicable
Broken period interest/ pre-monthly instalment interest Broken period interest/ pre-monthly instalment interest shall be charged for actual number of days from the date of disbursement.

*Terms and conditions apply
For Micro Finance Loans, please note below:
Purchase of any non-credit product by the microfinance borrowers is purely on a voluntary basis.

Additional cess/ taxes, if any, will be applicable on all charges as per the respective state laws as may be applicable from time to time.

Frequently asked questions

What is the repayment tenure and rate of interest of microfinance group loan offered by Bajaj Finance?

The annual interest rate (%) represents the expense incurred by the borrower for funds borrowed from the lender. This interest is calculated based on the principal loan amount and the chosen loan tenure. Bajaj Finance provides microfinance group loans, offering an interest rate ranging from 24% to 26% p.a., with the flexibility of repayment periods spanning from 12 months to 36 months.

*Terms and conditions apply.

What are the eligibility criteria for a microfinance group loan?

To get a microfinance group loan, you only need to meet a few basic eligibility criteria:

  • You must be between 18 years and 80 years* of age
  • You must be a residing citizen of India
  • You must be a female member of a low-income household.
What are the documents required for a microfinance group loan?

To avail a microfinance group loan from Bajaj Finance, you will need to provide the following documents:

  • Valid KYC
  • Bank account proof (bank passbook)
What is the maximum loan that I can get?

You can borrow up to Rs. 1.5 lakh without pledging any collateral. We advise you to know our fees and charges in detail before applying.

*Terms & conditions apply.

Why should you choose a Bajaj Finserv Microfinance Group Loan?

Here are some reasons to choose the Bajaj Finserv Microfinance Group Loan:

  • Flexible tenures of up to 36 months
  • No guarantor or collateral needed
  • No part-prepayment or foreclosure fee
  • No hidden charges

*Terms and conditions apply.

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