Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 31 SKS Microfinance (Bharat Financial Inclusion)

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 19.8% Fixed
    Up to 2% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 21.00% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    0 One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 17.99% Fixed
    2.25% (min. ₹1499 + applicable tax) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.70% - 11.70% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11% - 16.49% Fixed
    Up to 2.5%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.75% - 13.75% Fixed
    1% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    SKS Microfinance (Bharat Financial Inclusion) is Rated as "Great!" by 77002 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    Overview about SKS Microfinance

    SKS started off in 1997 as an NGO dedicated to the economic and social empowerment of the rural population. In the year 2000, it won the CGAP Pro-Poor Innovation Award for its work pioneering a pilot SmartCard project, and subsequent awards, accolades, and grants until in 2004, ICICI bank forwarded a partnership loan of Rs.20 crore to SKS, setting it on the path to even greater achievements.

    SKS Microfinance has loan products on offer today that are specifically aimed at providing the economically weaker sections of society a way to build a sustainable livelihood.

    SKS Microfinance Income Generation Loan (IGL) Aarambh

    • Minimum loan amount for the first loan: Rs.9,100.
    • Maximum loan amount for the first loan: Rs.20,010.
    • Subsequent loan will be disbursed for higher amounts.
    • Maximum loan amounts depend on the borrower’s credit history and past performance with repayment.
    • Loan amounts are increased in set increments for eligible borrowers.
    • Maximum loan amount under this scheme: Rs.29,565.
    • Term: 50 weeks.
    • Repayment frequency: Weekly.
    • Interest rate:19.75%.
    • Processing fee: 1%.
    • The loan can be taken for the purpose of:
        • Starting and running kirana stores.
        • Raising livestock.
        • Providing tailoring and related services.
        • Providing other services that can generate a sustainable income and require running capital / investment for asset acquisition.

    SKS Microfinance Mid-Term Loan (MTL) Vriddhi

    • Minimum loan amount for the first loan: Rs.9,100.
    • Maximum loan amount for the first loan: Rs.15,010.
    • Subsequent loan will be disbursed for higher amounts.
    • Maximum loan amounts depend on the borrower’s credit history and past performance with repayment.
    • Loan amounts are increased in set increments for eligible borrowers.
    • Maximum loan amount under this scheme: Rs.15,010.
    • Term: 50 weeks.
    • Repayment frequency: Weekly.
    • Interest rate: 19.75%.
    • Processing fee: 1%.
    • The loan can be taken for the purpose of:
      • Starting and running kirana stores.
      • Raising livestock.
      • Providing tailoring and related services.
      • Providing other services that can generate a sustainable income and require running capital / investment for asset acquisition.
    • The loan is available between the 19th and 46th weeks of the Income Generation Loan Cycle, and between the 19th and 96th weeks of the Long Term Loan Cycle.

    SKS Microfinance Long Term Loan (LTL)

    • Minimum loan amount for the first loan: Rs.30,915.
    • Maximum loan amount for the first loan: Rs.38,635.
    • Subsequent loan will be disbursed for higher amounts.
    • Maximum loan amounts depend on the borrower’s credit history and past performance with repayment.
    • Loan amounts are increased in set increments for eligible borrowers.
    • Maximum loan amount under this scheme: Rs.49,785.
    • Term: 2 years 104 weeks.
    • Applicants must have already successfully completed two Income Generation Loan (IGL) cycles.
    • Repayment frequency: Weekly.
    • Interest rate: 19.75%.
    • Processing fee: 1%.
    • The loan can be taken for the purpose of:
      • Starting and running kirana stores.
      • Raising livestock.
      • Providing tailoring and related services.
      • Providing other services that can generate a sustainable income and require running capital / investment for asset acquisition.
      • Increasing working capital for members’ businesses.
    1. Biomass cook-stove loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a biomass cook-stove to improve their income generation capabilities and / or enhance productivity.
    2. Solar Light loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a solar light to improve their income generation capabilities and / or enhance productivity.
    3. Water Purifier loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a water purifier to improve their income generation capabilities and / or enhance productivity.
    4. Mobile Phone loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a mobile phone to improve their income generation capabilities and / or enhance productivity.
    5. Bicycle loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a bicycle to improve their income generation capabilities and / or enhance productivity.
    6. Sewing Machine loan:
      • Minimum loan amount: Rs.1,799.
      • Maximum loan amount: Rs.5,290.
      • Tenure: 25 weeks.
      • Interest rate:
        • Minimum: 19.60% p.a.
        • Maximum: 19.70% p.a.
      • The loan can be taken for the purpose of purchasing a sewing machine to improve their income generation capabilities and / or enhance productivity.
    7. Swarna – Pushpam Gold Loan:
      • Minimum loan amount: Rs.2,000.
      • Maximum loan amount: Rs.2,00,000.
      • Loan processing fee: 0.5% of the disbursed value.
      • There are no fees or charges for late payments.
      • There are no fees or charges for pre or part closures.
      • There are 2 Swarna – Pushpam plans – SP3 and SP4:
        • SP3 scheme has a maximum exposure of 68% of the loan to the gold value for that day.
        • SP4 scheme has a maximum exposure of 75% of the loan to the gold value for that day.
      • Tenure:
        • SP3: 365 days.
        • SP4: 270 days.
      • Interest rate:
        SP3
        Tenure 0 – 30 days 31 – 90 days 91 – 180 days 181 – 360 days
        Interest rate 15% 20% 22% 24%
        SP4
        Tenure 0 – 30 days 31 – 90 days 91 – 180 days 181 – 360 days
        Interest rate 19.20% 21% 24% 26%
      • The company will charge additional interest in the form of overdue interest if the loan has not been repaid on the same terms as it was taken on, within the applicable tenure.
      • Repayment method: Bullet repayments are allowed, with the flexibility to repay and amount at any time till the total outstanding has been paid off, within the tenure.
      • Documents required:
        • Identity Proof: A proof of identity issued by a competent and legitimate government authority.
        • Address Proof: A proof of address issued by a competent and legitimate government authority, or any proof of address that contains the borrower’s name.
        • Age Proof: A document that testifies to the applicant’s age.
        • Other documents as may be required on an individual basis from the bank after assessment of candidate.
      • The purpose of this loan is to help borrowers meet liquidity needs with a loan against the security of the borrower’s gold.

    News About SKS Microfinance

    • Microfinance Loans in India grew by 29%

      Microfinance Institutions Network (MFIN) stated that microfinance in India grew by 29% in the first quarter of this financial year. MFIN and NBFCs (non-banking finance companies) together stated that they will be releasing their 18th Micrometre report about this industry soon. They further stated that the microfinance industry has seen an enormous growth in the last one year and has expanded their beneficiary base by establishing many branches in India. Ratna Vishwanathan, Chief Executive of MFIN added that the industry has also grown in terms of loan disbursements. Total number of loans disbursed has increased by 29% compared to last year. Another MFIN stated that the major challenge faced by micro-credit sector in India is to increase the funds in the system.

      16th September 2016

    • SKS Microfinance has changed its name to Bharat Financial Inclusion Ltd

      Bharat Financial Inclusion Ltd is the new name that SKS Microfinance will carry going forward. This name change is effective from June 13th, 2016 after the Government approved the same. Bharat Financial Inclusion is currently the only company listed in the micro financing segment. It has a wide network across 18 states and caters to 63.65 lakh women members. The name change has been done to give the company a new identity and to reach out to a larger national network.

      20th June 2016

    • 100 Traders Receive Micro-Finance Loans in Madurai

      A set of micro-finance loans have been distributed in Madurai by Cooperative Minister Seller K. Raju. While 100-odd traders received loan approvals for Rs. 5,000, two farmers received Rs. 50,000 under personal accident insurance scheme. The minister said so far 7,076 special camps have been conducted in Tamil Nadu to identify beneficiaries under the Amma Micro-Finance Scheme. The government has received 4,47,787 applications, of which 93,780 persons have received a total amount of Rs 46.94 crore as loan through various cooperative banks. In Madurai alone, 3,912 applicants have received these loans Under the MUDRA scheme, the government extends bank loans of up to Rs. 10 lakh to women without any collateral security. The Jan Dhan Yojana for women would also facilitate their progress and financial security, she said.

      8th February 2016

     Loading your search... Loading your search...
  • Customer Reviews

    • Bank Bazaar Customer Support
      "Personal Loan"
      0.5 4.0/5 "Great!"
      I am very much happy with bankbazaar, it was a great experience too. I had received a call from your side with your nice warm welcoming words,,, it's great experience in my life. I am very happy for the same... I hope you would give the same sort of service for a long time,, very great work , Keep it up!!!
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Nice App.Thanks For Support My Credit Card application."
      0.5 5.0/5 "Blown Away!"
      Thank You Bank Bazaar Team. I would suggest Bankbazaar to provide assistance in Marathi language too, as your executives always say "Sir please speak in English or Hindi''. I am not sure what is the problem conversing in marathi, please make sure all regional language operators are available to provide customers support .
      Was this review helpful? 0
      , pune
      Reviewed on Jul 21, 2017
    • HDFC Bank Personal Loan
      "Useless bank"
      0.5 0.5/5 "Unacceptable"
      Dont apply personal loan with HDFC. 1st they will call you telling, Sir you have a HDFC salary account so you are eligible PL for 3 lakhs, when i applied they said sir your personal loan is rejected as it did not met internal policies. My Cibil was 765 No other loans PAN CARD AADHAR is upto the mark Salary is 36K take home Address proof also is Authentic. Then why, they only say did not met internal criteria, if did not met that, why the hell you call at all asking us to take a loan with you(HDFC). Opt for ICICI or Axis guys don't use HDFC. Regards
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 21, 2017
    • Bank Bazaar Customer Support
      "Personal loan"
      0.5 4.5/5 "Excellent!"
      Hi this is jo , I have applied for the loan at bankbazaar loan as it is a very easy process for the personal loan , So, please you people also apply for the loan online through bankbazaar site. Also I am sharing this my friends , also I would like to thank bankbazaar for the same.
      Was this review helpful? 1
      , vijayawada
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "GUIDANCE"
      0.5 5.0/5 "Blown Away!"
      This is the very first time I approached bankbazaar, also I am very much satisified with all their steps for searching for my product. It happens, some times where people would not be interested in doing online search, but here after gaining sufficient information I would recommend all my friends, relatives to give a try atleast once. My hearty thanks to the team Bankbazaar.com for providing their valuable time for their customers in a proper way. Hope they would get back to me with a favourable reply on time.
      Was this review helpful? 0
      , bhopal
      Reviewed on Jul 20, 2017
    • SBI Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from State Bank of India and the process for it was smooth. I did not have much of a documentation process and also I did not get the loan on time. The rate of interest and processing charges were very much normal too. But on the other hand, after loan services were very much hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "Overall a good experience "
      0.5 3.0/5 "Satisfactory"
      The services rendered by bankbazaar is really great and I had a lot of follow up calls from them. The response was prompt from the moment I registered with them. It would have been better, if the companies whom they connect the customer too is also responsive. Lastly, the website is very much user friendly.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Citibank Personal Loan
      "Not professional"
      0.5 1.0/5 "Really Bad"
      As a matter of fact, Citibank collected all my documents and after which they did not process my personal loan request and did not get back to me as well. It was not a very good experience as they were not very much professional. Not too sure on the interest rate and processing charges too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2017
    • Bank Bazaar Customer Support
      "I had got good response from bankbazaar on my loan applicati"
      0.5 2.5/5 "Just OK"
      I had got good response from bankbazaar on my loan application. I approached bankbazaar for my requirement and submitted my loan application on the website. On which they responded and provided a good service. Their website is good and it is easy to handle.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Amazing"
      0.5 4.0/5 "Great!"
      It was simple and straight forward experience. I really hope my application goes through. The staffs were really helpful. They kept calling me and following it up until I uploaded the documents. I've never seen such a simple online application so far. Thank you.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Very smooth way to loans"
      0.5 5.0/5 "Blown Away!"
      I need personal loan & it seems easiest way to avail through Bankbazaar. Also I am feeling very much comfortable as the process is really quick. I wish good luck to everyone & recommend to go with Bankbazaar. Go with it to full fill yours all financial requirements through this site. Thanks.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 4.0/5 "Great!"
      I got very good response in concern to my personal loan application with bank bazaar. The customer service with bank bazaar is really good and very supportive. The website with bank bazaar is easy to use and user friendly. I am satisfied with the bank bazaar service.
      Was this review helpful? 0
      , konnagar
      Reviewed on Jul 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The ICICI bank executives told that the private or public company employees are not eligible to get the loan, They are not interested to give the loan for the people those who own a company. The customer service and the response was average with ICICI bank. The rate if interest charged by them is higher than the normal one.
      Was this review helpful? 0
      , konnagar
      Reviewed on Jul 19, 2017
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The HDFC bank service is really good in concern to my personal loan. The customer service and the response was good with HDFC bank. The rate of interest is nominal with HDFC bank. I have choose the HDFC bank for my personal loan because of their low interest rate.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 4.0/5 "Great!"
      Bank bazaar maintains prompt follow up with the customers, because they will fix appointments and reaches the customer on appropriate time. The website with bank bazaar is easy to use and user friendly. The customer service and the response is very good with bank bazaar.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 19, 2017
    • Kotak Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I haven't proceeded with Kotak Mahindra bank because of their interest rate. I have chosen HDFC bank for my personal loan. The customer service and the response with Kotak Mahindra is good and supportive. The rate of interest is high with Kotak mahindra when compared with HDFC bank. I would say I got an average service from Kotak Mahindra.
      Was this review helpful? 0
      , pune
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got immediate response from bank bazaar in concern to my personal loan application. The customer service and the response is really good with bank bazaar. The website with bank bazaar is easy to use and user friendly. I would say bank bazaar gives very good service to the customers.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Jul 19, 2017
    • ICICI Bank Personal Loan
      "Average service"
      0.5 1.0/5 "Really Bad"
      I haven't received any kind of calls from ICICI bank in concern to my personal loan application and I am not sure why they have closed my application. The customer service and there response part need to improved with ICICI bank. The rate of interest is nominal with ICICI.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Jul 19, 2017
    • Bank Bazaar Customer Support
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      The service provided by bank bazaar is quick and fast. The customer support and the response is really good with bank bazaar. The bank bazaar website is easy to use and user friendly. I get to know about bank bazaar through google web search. I am with bank bazaar for past 6 months. I am satisfied with bank bazaar service.
      Was this review helpful? 0
      , ankleshwar
      Reviewed on Jul 19, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      ICICI executive gave a call and explained me about the product very clearly and helped me to know about the product briefly . The customer service and the response is very good with ICICI bank. The rate of interest is nominal with ICICI bank. I am happy about the ICICI bank service.
      Was this review helpful? 0
      , ankleshwar
      Reviewed on Jul 19, 2017
    Common Loader Icon
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.