Micro loans are short-term group loans with smaller loan amounts that can be availed by self-employed, start-ups, micro-enterprises, small businesses & individuals with low capital requirements. These are designed for our customers to provide them with solutions to meet diverse needs & gain financial independence.
AU Small Finance Bank provides a varied range of loan products to the micro banking customers falling under Unbanked/Semi-unbanked geography to meet their long- and short-term credit needs with an intent of loan utilization for income generating purpose.
Group loans is a unique financial service for low-income groups. To obtain such a loan it is necessary to form a group of two or more individuals (female borrowers only) who can run businesses that can earn income & have been active. Individuals who are willing to take group guarantee for each other can form groups to avail the loan.
These are loans given under the Joint Liability Group (JLG) model. Group loans are offered for using loan/credit for income generating activities to improve their livelihood. AU Small Finance Bank offers Group loans at affordable interest rate to its borrowers. These are collateral free loans offered to micro banking customers residing in rural pocket of Bank’s Operating geography.
Features | Attributes |
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Loan Amount |
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Age Group |
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Loan Tenure |
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Security |
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Processing Fee* |
*GST applicable on Processing Fee |
Rate of Interest* |
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Bank reserve rights to reject the loan application which are not falling under Bank’s Group Lending policy and specified Terms & conditions and follows environmental, social, and ethical governance (ESG) framework to filter out negative profiles.
For further information, please contact your nearest Bank branch or call 1800 313 313.
Primary KYC ID | Secondary KYC ID |
1. Aadhaar |
Anyone of below KYCs-
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