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Microfinance customers are typically under / unbanked individuals or groups who do not have access to traditional financial resources. They are self-employed and typically home-based entrepreneurs. In rural areas, the customers are typically those engaged in small-scale income-generating activities - farming, food processing, trade, etc. Microfinance Loans have played a crucial role in driving financial inclusion in India. Microfinance lenders have done this by providing easy access to formal credit to borrowers in semi-urban and rural areas.
Tata Capital provides easy Microfinance Loans available at attractive interest rates. Avail a loan up to Rs. 1 lakh through a simple process with minimal documentation. Get flexible tenures of up to 36 months and repay your Microfinance loan EMI as per your convenience. Tata Capital offers fast Micro Loan processing and tailored offerings ideal to fund your diverse financing goals.
Disclaimer: Micro Finance Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
Loan Amount offered
Rs. 5,000 - Rs. 1,25,000
*Excluding TPP charges
Loan Tenure
12-36 months
Processing Fees
1% to 1.5% + GST
Pragati loans are crafted to support economically active women residing in low-income areas, generally involved in small trade and service, agriculture, and cattle farming. While it is not necessary for the customer to have a separate business setup, the Micro Loan is to be used exclusively for income generation purposes. Initially, a Tata Capital customer has to start as a Pragati JLG (Joint Liability Group). Customers with a good track record will be eligible for additional funding.
The Tatkal loan is a short term loan offered by Tata Capital to help our existing eligible customers of the Pragati loan by providing emergency funding to meet their urgent and unforeseen needs. The hallmark of the Tatkal loan is it’s quick and hassle free sanction process with a rapid turn around time for disbursement and fund transfer, which allows us to help the customer borrow from us at lightning speed.
a) An existing customer of Pragati loan who has paid minimum 6 EMIs on the existing loan (for first cycle & above)
b) A customer who was new to credit and has an active first cycle Pragati loan who has paid minimum 9 EMIs
Age between 18- 58
Involved in income-generating activities
With the customer’s individual desires and needs in mind, our team at Tata Capital guides you at every step and offers specific financial solutions.
Use our microfinance loan EMI calculator to quickly estimate monthly repayments by inputting the loan amount, tenure, and interest rate. You will see the calculations for EMI, total interest, and overall cost instantly, helping you compare plans and choose affordable options. The tool is fast, user-friendly, and secure, ideal for pre-application financial planning.
Loan amount
Rate Of intrest
Tenure (months)
Select the repayment option
Installments
EMI Amount (Monthly)
*Final amount may vary and it will depend on the final credit approval
Disclaimer: The aforementioned values, calculations and results are for illustrative and informational purposes only and may vary basis various parameters laid down by Tata Capital.
The interest rates for a microloan vary based on the lender and borrower profile. The range is outlined in the table below. Make sure you review other charges as well to determine the total loan cost.
| Type of charge | Applicable rates |
|---|---|
| Minimum interest rate | 24.99% per annum |
| Maximum interest rate | 25.99% per annum |
| Average interest rate | 25.30% per annum |
| Processing fees | A one-time charge that is deducted during loan approval to cover administrative and processing costs. 1% to 1.5% + GST |
| Late payment charges | NIL |
| Bounce charges | NIL |
| Statement of accounts | NIL |
| Foreclosure charges | NIL |
| Duplicate loan card | NIL |
| Foreclosure letter charge | NIL |
Loan amount: The loan amount usually ranges from Rs. 5,000 to Rs. 1.25 lakh, depending on the borrower’s income and repayment capacity.
Loan tenure: Microloans have flexible repayment periods between 12 months and 36 months, allowing easy installment planning.
Interest rates: The rate of interest typically ranges from 18% to 26% per annum, based on the lender’s policy and the borrower’s credit profile.
Collateral-free: No security or guarantor is generally required for a microfinance loan, making it accessible for low-income and small entrepreneurs.
Eligibility: The loan is open to self-employed individuals, women entrepreneurs, small business owners, and low-income groups engaged in income-generating activities.
Quick processing: Microloans have simple documentation, minimal verification, and fast disbursal, often within 24 to 72 hours.
To apply for a microloan, you must submit a few essential documents to the microlenders for identity, address, and income verification.
Mandatory documents:
KYC proof: Aadhaar card, PAN card, or voter ID
Address proof: Utility bill, ration card, or rent agreement
Income proof: Salary slips, bank statements, or business income records
Photographs: Recent passport-sized photos
Business details: Registration certificate, GST details, or shop license (if applicable)
Optional documents:
Guarantor details or post-dated cheques for repayment security
Proof of existing loans or credit history (if available)
These documents ensure transparency, verify eligibility, and speed up loan approval for small entrepreneurs and self-employed individuals.
Individuals, small entrepreneurs, self-employed people, and low-income groups engaged in income-generating activities can apply for microfinance loans to support small businesses, farming, or livelihood needs.
Yes, Tata Capital allows you to conveniently apply for microloans online through its website or mobile app with simple digital KYC and minimal documentation.
You will need basic documents like an Aadhaar card, a PAN card, address proof, and income proof for your microfinance loan application. Sometimes, you will need to provide business details or bank statements for verification.
Yes, microfinance loans are typically collateral-free, making them accessible to small borrowers and entrepreneurs without assets to pledge.
Repayment options are highly flexible, with weekly, bi-weekly, or monthly installments designed to suit the borrower’s income flow and business cycle.
Microloan approval and disbursal are quick, often completed within 24 to 72 hours after verification and document submission.
Small-scale enterprises like retail shops, food stalls, tailoring units, handicrafts, dairy, and farming ventures benefit most from microloans for working capital or expansion.
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