Microfinance
Microfinance (JLG) loans
NBFC-MFIs and small finance banksAll India
Small loans without security for households earning up to ₹3 lakh a year. Expect about 20% to 26%.
What it is
Microfinance lenders give small loans to joint liability groups. The industry average loan was ₹59,553 in FY26.
RBI allows it only for households earning up to ₹3 lakh a year, and total repayments must stay under 50% of monthly household income.
All IndiaCoverageNBFC-MFI or small finance bankApply at20%–26%Rate
Eligibility at a glance
Household income up to ₹3 lakh a year
Member of a joint liability group
Apply at: NBFC-MFI or small finance bank
Key facts
- Amount: ₹5,000 to ₹2 lakh (CreditAccess Grameen)
- Repayment: Weekly, fortnightly or monthly over 1 to 3 years
- Security: None
!Information only, not financial or legal advice. Final terms are set by the lender. AgriFolk does not collect any fee.