Have Any Questions?
9158881409 9158881410
How Can We Help?
+91 7888 007 222
Mail: info@tirupatibank.com
Loan Calculator
Loan amount:
Rate (Interest): %
Months (Time):
Total EMI:
Micro Finance
Our bank is committed to supporting the economic upliftment of the more vulnerable sections of society, and our loan products are tailored to meet their unique financial needs. The purpose of our microfinance offerings is to provide accessible and affordable financial assistance to individuals looking to start or augment income-generation activities.
By empowering these individuals with the necessary resources and support, we aim to promote self-reliance and financial stability within our society. The microloan is designed to provide flexible repayment terms and competitive interest rates, ensuring that our borrowers can achieve their financial goals without undue financial burden.
By empowering these individuals with the necessary resources and support, we aim to promote self-reliance and financial stability within our society. The microloan is designed to provide flexible repayment terms and competitive interest rates, ensuring that our borrowers can achieve their financial goals without undue financial burden.
- Competitive interest rates
- Flexible repayment
- Minimal documentation
- Quick processing
- Tailored for small businesses
- Expert financial guidance
Simple Eligibility
The eligibility criteria for our loan program are designed to be simple and accessible. We aim to provide financial assistance to individuals from the weaker sections of society or those who engage in seasonal activities. The loan is specifically intended to facilitate income generation activities, which may include small businesses, trades, tiny or cottage industries, service activities, agricultural and allied activities, as well as transport sector activities.
Start, Grow, Achieve
With our Microloans, you can now take the first step towards starting and growing your own business. We understand that accessing financial support can be a challenging and daunting task, which is why we have designed our Microloans to be both convenient and accessible. Whether you’re looking to launch a new venture or expand your existing business, our Microloans offer the financial flexibility you need to pursue your dreams.
You will be required to submit your KYC documents such as PAN card, Aadhaar card, rental agreement/electricity/telephone bill/election card, and your income proof if any. Also, other relevant applicable documents as per the loan requirement.
The loan should be repaid within a maximum period of 5 years through 60 equated monthly instalments. There are a few conditions associated with this loan: Processing/Scrutiny Charges are either 1.15% of the loan amount or as per the sanctioned terms. The borrower is also required to purchase the shares of the bank as per the sanctioned terms. Finally, the borrower must comply with all other terms and conditions as per the sanctioned terms.
A processing fee of 0.20% + GST is charged for availing of this loan. In addition, we require the pledge of underlying stocks for which Warehouse Receipts have been issued by the Collateral Manager, with a lien marked in favour of the Bank as the primary certificate of security.
A personal guarantee of the partners or directors may also be necessary in certain cases.