Micro Finance Personal Loan – Small Ticket. Big Impact.

Not every financial need calls for a big loan. Sometimes, it’s just about bridging a gap — whether it’s paying medical bills, covering children’s school fees, fixing your home, or just staying afloat during a tough month. That’s where a micro finance personal loan becomes a true lifesaver.

Offered by institutions like Aditya Birla Housing Finance Limited (ABHFL), these small-ticket loans are specially tailored for low-income earners, gig workers, and first-time borrowers who may not qualify for traditional loans.

✅ What is a Micro Finance Personal Loan?

A micro finance personal loan is a short-term, small-amount loan (typically under ₹2 lakh) given without heavy documentation. These loans are often used to meet urgent personal or business needs, especially in the unorganised sector.

🔍 Key Features (ABHFL Style)

• Loan amount: ₹25,000 to ₹2,00,000

• Quick approval with minimal paperwork

• Flexible tenure: 12 to 36 months

• Can be used for home improvement, school fees, or emergency costs

• Option to scale up later into home loan/top-up loan

👤 Who Should Apply?

• Low-income individuals (₹15k/month+)

• First-time credit applicants

• Self-employed or gig workers

• Borrowers who don’t have formal salary slips or ITRs

🧾 Basic Documents Required

• Aadhaar Card + PAN Card

• Bank passbook / statement

• Recent photo

• Optional: Income declaration or rent agreement

🔗 Can Be Combined With:

🔹 Loan for House Purchase – Use micro loan for down payment or furniture
🔹 Joint Housing Loan – Combine with co-applicant’s profile for larger home loan
🔹 Lease Rental Discounting Loan – If you own rental property, use LRD + micro loan for smarter finance
🔹 Housing Loan Scheme in India – PMAY-linked subsidies and low-ticket loans available

💡 Why Micro Loans Make Sense

• No need to dip into savings for short-term needs

• Builds your credit history for future bigger loans

• Ideal for rural, semi-urban, and urban low-income borrowers

• Easier to repay in small EMIs

📝 How to Apply?

1. Visit: homefinance.adityabirlacapital.com

2. Use eligibility calculator

3. Submit Aadhaar, PAN, and bank details

4. Get same-day or next-day disbursal (case-to-case)

❓ FAQs

Q. What’s the interest rate for micro finance personal loan?
Depends on the applicant's profile, usually higher than standard home loans due to small ticket and minimal docs.

Q. Can I apply without ITR or salary slip?
Yes. ABHFL evaluates alternative documents for informal sector borrowers.

Q. What if I want to convert it to a home loan later?
If your repayment is clean and you qualify, ABHFL allows easy upscaling or top-up loan options.

🔚 Conclusion

A micro finance personal loan is more than just a small loan. It’s a big opportunity — especially if you’re building your credit journey or need instant help without jumping through hoops.

👉 Ready to apply? Visit homefinance.adityabirlacapital.com and start your application now.

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