Apply for Micro Loan Now!
Microloans are short-term loans with smaller loan amounts that can be availed by self-employed professionals, startups, micro-enterprises, small businesses, and individuals with low capital requirements. Microloans are types of small finance or business loan of the smaller amount offered to micro-entrepreneurs or low-income group families who have little or no access to financial or lending institutions.
Today, microloans are heavily digitized to introduce new lenders to the space. Private microlending platforms often require a borrower to select a loan purpose and loan amount. Upon receipt of the full application, the lending platform will assess the borrower's creditworthiness and assign terms to the loan. Some microloan platforms will solicit investments from a variety of private investors before funding the loan.Similar to other loan products, a borrower often has amortizing payment schedule. This schedule often dictates a fixed payment amount, although the payment usually gradually increases the amount of principal paid each month and gradually decreases the amount of interest paid each month.
If you have your all KYC documents(Aadhar,PAN,Voter) and minimum Rs.5000 income in a months, then you are eligible for this Loan.
Normaly it take max 2 Days.
Normaly 20% to 40%
Min 15 days to Max 1 Years.
Getting a Micro loan from FinoFriend is easy, especially if you have your documents are in order and you have a good credit track record. You have to just fill-up our micro Loan application, then all processes will be completed by our side.