Small ticket loans to households that have annual income up to Rs. 300000 for income generating activities.

Equitas Micro Finance was the forerunner in the MFI industry with
Our Very First Loan Rate
Even when the MFI industry was operating with an interest rate between 35 – 40%
First MFI
First to publish real interest rates on our client’s passbooks
(Source: Chuck Waterfield, CEO, mfTransparency.org)
No Inefficieny
Committed to highest level of efficiency in our operations

INTEREST RATE (Fixed throughout the tenure)

Microfinance Loans Interest Rate
Maximum interest rate 26%
Minimum interest rate 18%

Average interest rate 

(Average interest rate is the "Weighted average interest rate” computed by taking the sum of each loan’s interest rate multiplied by the loan amount and then dividing this sum by the total loan amount disbursed)

*With effect from 1st September-2023


                                Mean rate and Interest rate range for the quarter Jan 2024 – Mar 2024
Segment Mean Interest Rate Interest Rate Range
    Min Rate (in %) p.a. Max Rate (in %) p.a.
Microfinance Loans 25.06% 18% 26%
• Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts.


                             Annualised Percentage Return (APR) for the quarter Jan 2024 – Mar 2024
Segment Min Rate (in %) p.a. Max Rate (in %) p.a.
Microfinance Loans 18% 27%


Loan Ticket Size Processing Fee
Less than or equal to ₹25000 0%
Greater than ₹25000 1% + G.S.T

Credit Shield Premium

                             ICICI Prudential Rates                        HDFC Life Rates
Tenor Member

(Rate per 1000)


(Rate per 1000)



(Rate per 1000)


(Rate per 1000)

1 Year 8.42 8.42 16.84 3.8 12.9 16.7
1.5 Years 12.63 12.63 25.26 5.7 18.85 24.55
2 Years 16.84 16.84 33.68 7.45 24.8 32.25
2.5 Years 21.05 21.05 42.1 9.31 31 40.31
3 Years 25.26 25.26 50.52 11.18 37.2 48.38

Personal Accident Cover Premium

Personal Accident Cover
Premium Amount Policy Period
73 2 Years
145 2 Years

Loan Options

Income Generating Loan – Cycle Loan Amount (₹)
1st Cycle ₹40000
2nd Cycle ₹55000
3rd Cycle ₹70000
4th Cycle ₹80000
5th Cycle and above ₹90000
*Loan tenure is dependent on the Loan amount, With maximum tenure being 3 years

*Subject to meeting eligibility criteria.

“The average TAT to loan disbursement is 14 days subject to customer providing all the required details and being available for required center meetings and house verification”

Bank have engaged the Business Correspondents (BCs) to manage microfinance business. The name of BCs and their operating areas are given below.


Name of Business Correspondents States Present Districts Covered
NEW OPPORTUNITY CONSULTANCY PRIVATE LIMITED Odisha Bhadrak, Cuttack, Ganjam, Jajapur, Kendujhar, Mayurbhanj, Nayagarh and Puri
Uttar Pradesh Ambedkar Nagar, Azamgarh, Bahraich, Ballia, Barabanki, Deoria, Gorakhpur, Hardoi, Kanpur, Kushinagar, Lucknow, Maharajganj, Raebareli and Sitapur
SONATA FINANCE PRIVATE LIMITED Bihar Bhojpur, Buxar, Kaimur, Kaimur (Bhabua), Rohtas, Sitamarhi and Vaishali
Uttar Pradesh Basti, Faizabad, Gonda, Pratapgarh, Santkabir Nagar, Siddharth Nagar and Sultanpur

Loan Application Forms and Loan Agreements can be accessed in Form Centre