Microfinance - Group Lending
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The Salient Feature Of Our Group Loan
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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.
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All collateral-free loans, irrespective of end use and mode of application/ processing/ disbursal (either through physical or digital channels), provided to low-income households, i.e., households having annual income up to ₹3,00,000, shall be considered as microfinance loans.
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Piramal Finance Limited (formerly known as Piramal Capital & Housing Finance Limited) shall provide the flexibility of repayment periodicity on microfinance loans as per borrowers’ requirements in line with Board approved Policy.
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Loan for a group of 3 - 10 women members (Special loan for women entrepreneurs)
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Simple and easy loan process
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Minimum documentation
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Loan tenure up to 24 months
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Loan amount From INR. 10,000 to INR. 80,000
Benefits Of Our Group Loan
- No collateral required for loan
- Flexible repayment dates
- Insurance cover for every borrower and spouse. Premium to be borne by the borrower
Fees & Charges
- Interest rates are applicable from 01/07/2026
- Interest rates are calculated on reducing balances per annum
All microfinance loans
All microfinance loans
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Row 1
- Minimum Interest Rate* (%)
- Maximum Interest Rate* (%)
- Average rate of interest in Q1 FY26-27** (%)
- Processing Fees (% of the loan)
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Row 2
- 22%
- 29%
- 25.28%
- 1.50% including GST
- *Interest rates are calculated on a reducing balance basis per annum
- **Average interest rate: It is the ‘weighted average interest rate’ calculated for the loans disbursed in the last quarter/month.
- The loan amounts are used as the weights. The weighted average is arrived at by taking the sum of each loan’s interest rate multiplied by the loan amount and then dividing this sum by the total loan amount disbursed.
- Interest rates are applicable from 01/07/2026
- Any Legal cost/charges At actuals + applicable taxes
- Recovery-related charges - At actuals + applicable taxes
- Stamp duty charges - At actuals + applicable taxes
- Statutory Charges - At actuals + applicable taxes
- Other Charges.a. Penal interest - NILb. Foreclosure Charges - NILc. Part payment Charges - NILd. Prepayment Charges - NIL
- Any change in interest rate or any other charge shall be informed to the borrower well in advance and these changes shall be effective only prospectively
Eligibility Norms
- Annual household income should be less than INR 3 lakhs
- Borrower should be between 18 years to maximum 60 Years at loan maturity
- Borrower should be involved in income generation activity