MICRO PERSONAL LOAN - ABRUS KRISHNA FINANCE
Service Overview
The Micro Personal Loan from Abrus Krishna Finance provides a fast, simple, and fully compliant solution for individuals who require small-ticket financial support for personal needs—such as medical expenses, education-related costs, household requirements, travel, family functions, or emergency situations.
As a registered money lender under the Kerala Money-Lenders Act, 1958, we ensure complete legal compliance, transparent documentation, and responsible lending practices. This loan is ideal for individuals seeking short-term, manageable credit with straightforward eligibility and flexible repayment options.
Key Features
- Fast Approval with minimal documentation
- Small & Medium Ticket Loans suited for personal requirements
- Flexible Repayment Cycles based on customer preference
- Simple Interest Rates under KML Act
- No Collateral Required (unsecured personal financing)
- Transparent Terms with no hidden charges
- KML-Compliant Agreements for complete legal assurance
- Confidential & Respectful Service
- Repeat Loan Eligibility for reliable customers
- Quick Fund Disbursal (bank transfer or permissible cash limit)
Eligibility Criteria
- Applicant must be 18 years or above
- Must be a resident of Kerala
- Must have a verifiable source of income (salary, business, pension, or informal income)
- Mandatory KYC completion
- Applicant must demonstrate basic repayment ability
- No active disputes or fraudulent financial history
- Must complete branch visit for agreement signing, as required under KML Act
- Aadhaar Card
- PAN Card
- Address Proof
- Recent Photograph
- Signature Proof
- Income Proof (any one):
- Salary slip
- Bank statement
- Business proof
- Pension book
- Daily wages/occupation proof (as per internal policy)
- Micro Personal Loan Application Form
- KML-Compliant Loan Agreement
- Post-dated Cheques / Guarantee Form (if required under selected scheme)
or most micro personal loan schemes, no collateral is required.
Depending on the loan amount, the following may be applicable:
- Personal Guarantee
- Salary/Income Confirmation
- Bank Statement Verification
- Post-dated Cheques
- Interest charged strictly within the Kerala Money-Lenders Act, 1958
- Simple interest only—no illegal compounding
- All applicable charges communicated clearly before sanction
- Borrower receives:
- Customer receives:
- Loan Agreement Copy
- Repayment Schedule
- Receipts for all payments
- All transactions recorded in statutory registers
- No hidden fees, unauthorized penalties, or unapproved charges
We offer multiple flexible schemes under this loan category.
Scheme selection varies based on:
- Borrower profile
- Income nature
- Loan requirement
- Market conditions
- Company policies
The applicable scheme, interest structure, seasonal benefits, and repayment flexibility will be explained and finalized at the branch. All schemes are subject to change from time to time.
Frequently Asked Questions
What is the minimum and maximum loan amount?
Small-ticket amounts designed for personal needs; varies by eligibility.
Is collateral required?
No. Micro personal loans are unsecured.
Who can apply for this loan?
Salaried, self-employed, pensioners, and individuals with steady income.
How fast is the approval?
Often completed within the same day.
What documents do I need?
Basic KYC + simple income proof.
Do I need a co-applicant?
Not usually, unless required under a specific scheme.
Is branch visit mandatory?
Yes. Agreement signing must happen at the branch under KML Act.
What happens if repayment is delayed?
Simple interest continues as per agreement; reminders provided.
Can I foreclose the loan early?
Yes, early closure is allowed without complications.
Can the loan be renewed?
Yes, based on repayment history and eligibility.
Apply for a Micro Personal Loan Today
Get fast, flexible, and legally compliant credit support with complete transparency from Abrus Krishna Finance.