Microfinance Loans

  • Small collateral free loans to women provided under Joint Liability Group (JLG) model.

Micro-Finance Loans

These are small collateral free loans provided to members of SHG, JLG and other  individual wherein the credit facility is provided  for income generation purposes.


Customized product

Service at the door step at center meetings

Tenure Maximum 36 months. For ECLGS loans upto 4 years

Repayment frequencies as desired (weekly, fortnightly & Monthly)

Interest Rates – Q4 – 2023-24

Product Minimum Mean Maximum
Microfinance Loans 22.17% 23.6% 25.13%

Note : Interest rates offered may differ from product variant/scheme selected by the customers and may differ from BC to BC.

Annualized Percentage Rate (APR) – Q4 – 2023-24

Product Minimum Maximum
Microfinance Loans 25.57% 28.77%

Current Interest Rates 

Product Minimum Maximum
MFI 23% 25.13%

*Interest rate may differ from BC to BC and basis customer category

Fees & Charges

Processing Fee - 1% of loan amount plus applicable taxes. Processing fee is applicable only for loans above Rs.25000.

Credit Shield Insurance to be charged at actuals and to be paid by the customer if opted. Borrower has choice to opt for

  • Availing Insurance offered by Bank through its tie-up or
  • To assign his/her existing insurance policy to the satisfaction of IndusInd Bank.

Note : Charges may differ from product variant/scheme selected by the  customers and may differ from BC to BC.


  • Individual  (18-65 years).
  • Have Officially Valid Documents as KYC.
  • Residing within the operational area of Bank though BC.

*Customer final loan eligibility will be determined by the banks loan eligibility criteria set for the specific product.

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