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Microfinance Loans

A microfinance loan is defined as a collateral-free loan given to a household having annual household income up to ₹3,00,000. For this purpose, the household shall mean an individual family unit, i.e. husband, wife and their unmarried children. All collateral-free loans, irrespective of end use and mode of application/ processing/ disbursal (either through physical or digital channels) shall be considered as microfinance loans.
Loan Category Loan Amount Loan Tenure Rate of Interest
Joint Liability Group ₹10,000 to ₹52,500 12-24 Months 25.35% to 26.50%
Vikas Loan Individual  ₹60,000 to ₹2,00,000 24-36 Months 28%
  • * GST is applicable
  • **Joint Life Insurance, Group income protect insurance & standard fire and standard perils Content -insurance available as per customer requirement.
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For any query dial Toll Free No :- 1800 266 7711
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Suryoday Small Finance Bank Ltd. CIN No: L65923MH2008PLC261472
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