Microfinance Loan

Eligibility

What is a Microfinance Loan?

A Microfinance Loan is a small-ticket loan (usually up to ₹1.25 lakh) offered to low-income individuals, especially in rural and semi-urban areas, to promote entrepreneurship, livelihood, and financial inclusion.

At Jain Fins Cap Ltd, we offer microfinance loans primarily to

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    Women entrepreneurs

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    SHGs (Self-Help Groups)

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    JLGs (Joint Liability Groups)

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    Small farmers, traders, artisans, and service providers

    • Service Category
    • Loan Against Property (LAP)
    • MSME Loans
    • Personal Loans
    • Microfinance Loans

    Advisory Specialists Premier Loan

    Phone Icon+91 92278 25102

    Apply Loan

    Eligibility Criteria

    Applicants must meet the following conditions

    • Indian citizen aged 18 to 60 years

    • Annual household income

      • Rural: ≤ ₹1.6 lakh

      • Urban/Semi-urban: ≤ ₹3 lakh

    • Should belong to an underserved or financially excluded category

    • Preferably a member of an SHG or JLG

    • Should not have multiple existing loans beyond RBI-permitted thresholds

    Purpose of the Loan

    Microfinance loans can be used for

    • Starting or expanding a micro/small business

    • Livelihood improvement (e.g., tailoring, farming, livestock, handicrafts)

    • Emergency needs (e.g., education, healthcare, repairs)

    • Setting up small income-generating activities

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    Loan Amount & Tenure

    Loan Type

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      Individual Loan

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      Group Loan (SHG/JLG)

    Amount Range

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      ₹5,000 – ₹1.25 lakh

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      ₹10,000 – ₹2.50 lakh (shared among members)

    Tenure

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      12 months

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      12 to 24 months

    Interest Rate & Charges

    • Interest Rate

      18% – 26% p.a. (as per risk profile & RBI guidelines)

    • Processing Fee

      1% – 3% of loan amount

    • No Collateral Required

    • No hidden charges, all fees disclosed in loan agreement

    • RBI mandates transparent pricing and margin caps for MFIs

    Calculator

    Get an approximate figure for the total monthly instalment payments along with a complete break-up of the home loan.

    Monthly EMI

    Loan Amount

    ₹ 100000₹ 50000000

    Loan Months

    12 Months120 Months

    Interest Rate

    8.1 %12 %
    How Much You Need
    Monthly EMI₹ 8,703
    Total Interest₹ 4,442
    Total Amount Payable₹ 1,04,442

    *These calculators are provided only as general self-help Planning Tools. Results depend on other factors.

    Submit Documents

    Required Documents

    01
    KYC Documents
    • Check IconAadhaar Card (mandatory)
    • Check IconVoter ID / PAN / Ration Card
    02
    Income Proof
    • Check IconMay be waived or assessed through field visit (for informal income)
    03
    Other Documents
    • Check IconBank passbook / account statement
    • Check IconSHG/JLG group membership document (if applicable)
    • Check IconPassport-size photographs

    Loan Application Process

    • 01

      Reach out to us via field officer, agent, local center, or mobile app

    • 02

      Reach out to us via field officer, agent, local center, or mobile app

    • 03

      Reach out to us via field officer, agent, local center, or mobile app

    • 04

      Reach out to us via field officer, agent, local center, or mobile app

    • 05

      Reach out to us via field officer, agent, local center, or mobile app

    • 06

      Reach out to us via field officer, agent, local center, or mobile app

    • 07

      Reach out to us via field officer, agent, local center, or mobile app

    Loan Terms Offered

    Loan Amount

    Loan Amount

    Loan Amount: ₹50,000 to ₹5 crore

    Tenure

    Tenure

    12 months to 10 years

    Interest Rate

    Interest Rate

    15% to 24% p.a. (depending on risk profile)

    Processing Fee

    Processing Fee

    1% to 3% of the loan amount

    Collateral

    Collateral

    Optional (depending on scheme and loan type)

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    Key Highlights

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      100% digital records & transparency

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      Weekly, bi-weekly, or monthly repayment options

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      Focus on women empowerment and financial inclusion

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      Quick processing – loans disbursed within 3–7 working days

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      Dedicated support team for group training & follow-ups

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