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), provided to low-income households, i.e., households having annual income up to ₹3,00,000, shall be considered as microfinance loans.
Piramal Capital & Housing Finance Ltd. (Piramal Finance) shall provide the flexibility of repayment periodicity on microfinance loans as per borrowers’ requirements in line with Board approved Policy.
Loan for a group of 5 - 10 women members (Special loan for women entrepreneurs)
Simple and easy loan process
Loan tenure up to 24 months
Loans from Rs. 10,000 - Rs. 50,000