You can apply online via our website, mobile app, or by visiting a branch. Provide your ID, income proof, and bank statements. Once submitted, our team reviews your application and notifies you about approval and disbursal.
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Faq’s
Microfinos Loans
Frequently Asked Questions About Loans
Categories
Topics related to loan application, approval, and repayment.
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01How do I apply for a Microfinos loan?
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02What types of loans are available?
Microfinos offers Personal Loans, Business Loans, and Microfinance Loans. Each loan has flexible terms, competitive interest rates, and eligibility criteria based on income and credit history.
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03What is the interest rate for loans?
Interest rates vary depending on the loan type, tenure, and applicant profile. Personal and microfinance loans start from 12% per annum. Business loans may have different rates. Check our website or contact support for exact rates.
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04How do I repay my loan?
Repayments can be made via auto-debit, online transfer, mobile banking, or by visiting any Microfinos branch. You can choose monthly, quarterly, or flexible repayment schedules based on your loan agreement.
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05What is the eligibility criteria for a loan?
Eligibility depends on your age, income, credit history, and employment or business stability. Generally, applicants must be 21–60 years old, with a regular income or business record, and valid KYC documents.