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Midland Microfin Limited

Toll Free Number : 1800-137-0600
Midfin Customer service App
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Toll Free Number : 1800-137-0600
Pay Emi
Midfin Customer service App
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LOAN PRODUCTS

Midland Microfin Ltd. offers a diverse range of tailored financial products designed to catalyse business growth and enhance the quality of life for our customers. Each product is meticulously crafted to meet the unique needs of our consumers, aiming to generate earnings by supporting business setup and improving the overall quality of living.

An overview of the products we offer can be seen below:

VAIBHAV
LOAN

A Vaibhav Loan is a credit facility offered against the mortgage of an immovable property, such as a residential, commercial, or industrial property. It is designed to provide customers with access to higher loan amounts at competitive interest rates for personal, business, working capital, education, medical, or other legitimate financial requirements. 

₹5 Lakhs-15 Lakhs

3-8 YEARS

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PRARAMBH: HOME IMPROVEMENT LOAN

The Home Improvement Loan (HIL) is a unsecured retail lending product designed to meet the financial needs of customers for renovation, repair, extension, modernization and enhancement of their residential properties. The product enables customers to improve the quality, functionality…

₹2 LAKHS-5 LAKHS

24-36 MONTHS

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BUSINESS
LOAN

Our Business Loans are tailored to empower progressive rural women, providing essential financial support for micro-enterprises. These loans facilitate the acquisition of tools, stock purchases, and working capital management, driving economic empowerment and sustainability for women-led businesses.

₹11K-80K

12-36 MONTHS

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MICRO ENTERPRISES
LOAN

The Micro Enterprises Loan is designed to empower graduate borrowers, fuelling their business growth through strategic investments, resource procurement, and operational enhancements. This loan supports the expansion of businesses and contributes to overall economic development business.

₹75K-1.5 LAKHS

24 MONTHS

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SOCIAL IMPACT
PRODUCTS

Our Social Impact Products are specifically tailored to address critical social needs. These innovative green financing solutions extend beyond traditional financial services, providing access to essential resources such as clean energy, healthcare, and sanitation, thereby promoting holistic community development.

₹715-2040

2-4 MONTHS

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WATER SUPPLY
& SANITATION LOAN

In alignment with the Swachh Bharat Initiative, our Water Supply & Sanitation Loans support rural Indian villages by promoting cleanliness, healthcare, and improved living standards. These loans aim to reduce water-borne diseases and foster community well-being.

₹20K- 30K

12-18 MONTHS

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AJEEVIKA LOAN
(NSFDC LOAN)

Honoured by the NSFDC, Midland Microfin offers the Ajeevika Loan to provide financial aid to eligible borrowers among Scheduled Castes, Scheduled Tribes, and Backward Classes. This loan supports income generation schemes and promotes inclusive economic growth.

₹11K- 60K

24 MONTHS

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EDUCATION
LOAN

Our Education Loans provide vital financial assistance to students pursuing post-secondary or higher education, covering tuition fees, essential books, gadgets, and related expenses. This support enables students to confidently advance their academic journeys.

₹11K-80K

12-36 MONTHS

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ICICI UNNATI
LOAN

As a Business Correspondent partner for ICICI Bank, Midland Microfin Ltd. Facilitates the delivery of ICICI Unnati Loan, a Business Correspondent Product. Through the Joint Liability Group (JLG) loan products, we extend financial inclusion by providing essential services to both existing and new clients in underserved areas.

₹11K-60K

24 MONTHS

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PRAYAAS 2.0
(SIDBI) LOAN

In collaboration with SIDBI, Midland Microfin’s Prayaas 2.0 Loan, a business Correspondent Product, offers direct financial support to micro-entrepreneurs, bridging financial gaps, and fostering grassroots economic growth and livelihood creation.

₹50K- 1.5 LAKHS

24 MONTHS

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DAIRY
LOAN

The Dairy Loan empowers borrowers to expand their dairy enterprises by acquiring additional cattle. This initiative includes comprehensive Cattle Insurance policies to protect purchases, ensuring sustainable and secure growth in the dairy industry.

₹75K-1.5 LAKHS

24 MONTHS

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BUSINESS
LOAN

Our Business Loans are tailored to empower progressive rural women, providing essential financial support for micro-enterprises. These loans facilitate the acquisition of tools, stock purchases, and working capital management, driving economic empowerment and sustainability for women-led businesses.

₹11K-80K

12-36 MONTHS

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12-36 MONTHS

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Vaibhav Loan

  • Ticket Size: 5 Lakhs- 15 Lakhs
  • Minimum or Maximum Rate of Interest: 20% – 26%
  • Tenure: 3 yrs – 8 yrs
  • Processing Fees: Upto 3%
  • Loan Frequency: Monthly
  • Category: Secured
  • Intro: A Vaibhav Loan is a credit facility offered against the mortgage of an immovable property, such as a residential, commercial, or industrial property. It is designed to provide customers with access to higher loan amounts at competitive interest rates for personal, business, working capital, education, medical, or other legitimate financial requirements. The security offered by the borrower enables flexible repayment tenures and enhances credit accessibility. Secured loans are underwritten based on the borrower’s repayment capacity, property valuation, legal and technical due diligence, and compliance with the lender’s credit policy, ensuring a balanced approach between customer needs and prudent risk management.

Prarambh: Home Improvement Loan

  • Ticket Size: 2 Lakhs – 5 Lakhs 
  • Minimum or Maximum Rate of Interest: 24%
  • Tenure: 24 Months – 36 Months
  • Processing Fees: 2%
  • Loan Frequency: Monthly
  • Category: Unsecured
  • Intro: The Home Improvement Loan (HIL) is a unsecured retail lending product designed to meet the financial needs of customers for renovation, repair, extension, modernization and enhancement of their residential properties. The product enables customers to improve the quality, functionality, and value of their existing homes while providing flexible repayment options. HIL caters to salaried individuals, self-employed professionals, business owners and other eligible borrowers with a stable source of income.

Business Loan:

  • Ticket Size: 11,000- 80,000
  • Minimum or Maximum Rate of Interest: 24.41% – 24.94%
  • Tenure: 12 months – 36 months
  • Processing Fees: 1.25% on PF & applicable GST
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro: Our Business Loans are tailored to empower progressive rural women, providing essential financial support for micro-enterprises. These loans facilitate the acquisition of tools, stock purchases, and working capital management, driving economic empowerment and sustainability for women-led businesses.

Micro Enterprises Loan:

  • Ticket Size: 75,000- 1,50,000
  • Minimum or Maximum Rate of Interest: 24.41% – 25%
  • Tenure: 24 months
  • Processing Fees: 1.25% on PF & applicable GST
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro:The Micro Enterprises Loan is designed to empower graduate borrowers, fuelling their business growth through strategic investments, resource procurement, and operational enhancements. This loan supports the expansion of businesses and contributes to overall economic development.

Social Impact Products:

  • Ticket Size: 715 – 2040
  • Minimum or Maximum Rate of Interest: 19.5% – 24.94%
  • Tenure: 2 months – 4 months
  • Processing Fees: 1% – 1.25% on PF & applicable GST.
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro: Our Social Impact Products are specifically tailored to address critical social needs. These innovative green financing solutions extend beyond traditional financial services, providing access to essential resources such as clean energy, healthcare, and sanitation, thereby promoting holistic community development.

Water Supply & Sanitation Loan:

  • Ticket Size: 20,000- 30,000
  • Minimum or Maximum Rate of Interest: 24.41% – 24.94%
  • Tenure: 12 months – 18 months
  • Processing Fees: 1.25% on PF & applicable GST.
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro: In alignment with the Swachh Bharat Initiative, our Water Supply & Sanitation Loans support rural Indian villages by promoting cleanliness, healthcare, and improved living standards. These loans aim to reduce water-borne diseases and foster community well-being.

Ajeevika Loan (NSFDC Loan):

  • Ticket Size:  11,000- 60,000
  • Minimum or Maximum Rate of Interest: 15%
  • Tenure: 24 months
  • Processing Fees: No Processing Fee
  • Intro: Honoured by the NSFDC, Midland Microfin offers the Ajeevika Loan to provide financial aid to eligible borrowers among Scheduled Castes, Scheduled Tribes, and Backward Classes. This loan supports income generation schemes and promotes inclusive economic growth.

Education Loan:

  • Ticket Size: 11,000 – 80,000
  • Minimum or Maximum Rate of Interest: 24.41% – 24.94%
  • Tenure: 12 months – 36 months
  • Processing Fees: 1.25% on PF & applicable GST.
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro: Our Education Loans provide vital financial assistance to students pursuing post-secondary or higher education, covering tuition fees, essential books, gadgets, and related expenses. This support enables students to confidently advance their academic journeys

ICICI Unnati Loan:

  • Ticket Size: 11,000- 60,000
  • Minimum or Maximum Rate of Interest: 24%
  • Tenure: 24 months
  • Processing Fees: 1% on PF & applicable GST
  • Intro: As a Business Correspondent partner for ICICI Bank, Midland Microfin Ltd. Facilitates the delivery of ICICI Unnati Loan, a Business Correspondent Product. Through the Joint Liability Group (JLG) loan products, we extend financial inclusion by providing essential services to both existing and new clients in underserved areas.

Prayaas 2.0 (SIDBI) Loan:

  • Ticket Size: 50,000 – 1,50,000
  • Minimum or Maximum Rate of Interest: 19%
  • Tenure: 24 months
  • Processing Fees: 1% on PF & applicable GST
  • Intro: In collaboration with SIDBI, Midland Microfin’s Prayaas 2.0 Loan, a business Correspondent Product, offers direct financial support to micro-entrepreneurs, bridging financial gaps, and fostering grassroots economic growth and livelihood creation.

Dairy Loan:

  • Ticket Size: 75,000- 1,50,000
  • Minimum or Maximum Rate of Interest: 25%
  • Tenure: 24 months
  • Processing Fees: 1.25% on PF & applicable GST.
  • Late Payment Charges Details: A penal charge of Rs. 20 will be applied for each delayed EMI payment, including instances where only a partial payment is made.
  • Intro: The Dairy Loan empowers borrowers to expand their dairy enterprises by acquiring additional cattle. This initiative includes comprehensive Cattle Insurance policies to protect purchases, ensuring sustainable and secure growth in the dairy industry