It’s 2025 and you may think that everyone these days has access to financial services because banks and financial institutions are literally opening everywhere, correct? But that’s not it, there still is a huge chunk of the population who don’t have access to even basic financial services for various reasons, and that’s precisely where microfinance companies come into play. How? Simple actually, they fill the gap by providing basic financial services to not just regular individuals but to small businesses in many cases. We’re talking about services like loan offers, basic banking services, payment systems, savings or checking accounts, etc. Alright, that’s enough of the intro stuff, now let’s get down to the list of the top 10 biggest microfinance companies in India as of 2025.

1. Bandhan Financial Services Limited

Alright, so let’s get this list started with the best and biggest Microfinance company out there, and yes, we’re talking about Bandhan Financial Services Limited. Yes, the one that started as just a simple and small microfinance institution but has now grown into a full-fledged Small Finance Bank in a way. Really? Oh yes, and on top of that though, you see, it has a loan portfolio of over ₹1.5 lakh crore and serves more than 2 crore customers, which is just an insanely large number if you think about it for a sec.

2. Spandana Sphoorty Financial Ltd.

We get it, you must be unaware of this one, but for now, just know that Spandana Sphoorty was started in 2003 and has been around for quite some time and that fact alone is enough to make you trust them. Like, as of 2025, it is based out of Hyderabad and operates in 12 states and its loan portfolio is around ₹30,000 crore, which is HUGE! Right here in India though, they provide all types of loans, such as those for business loans, working capital, and even gold loans.

3. Fincare Small Finance Bank

And then, for those who don’t know yet, yes, Fincare began as a microfinance institution and eventually turned into a Small Finance Bank which we now know it as. Like, they mainly help people living in semi-urban and rural locations by providing business loans, group loans and loans against gold. The instant loan stuff? Oh yes, that’s precisely what Fincare is, its digital banking system is kinda famous for right here in India. As a matter of fact though, it has raised over $163 million in funding and is a rapidly growing and one of the most efficient microfinance companies in India.

4. Svatantra Microfinance

Svatantra Microfinance, which was founded in 2012, has been able to grow rapidly, and it is understandable that you wonder like why that is the case though, right? For now, just know that the funding reached $233 million and the focus is mainly on women’s entrepreneur development in the country. And then, just know that Svatantra Microfinance offers small loans without collateral, which means that people won’t have to put anything as security to get the loan.

5. ESAF Small Finance Bank

You see, it is a 100% true that ESAF originally began as an NGO and is now one of the largest financial institutions that help those without access to regular banks, you know? Right now, as of 2025, you see, with funding exceeding $112 million, it operates in several states across India. Like, yes, you can approach ESAF for a loan for a small business, to fund your farm or even for your low-income family. Behind all this, we and you can together see that they have kinda a strong mission here, you know, to help out those who haven’t access to these services, after all, these people also have money needs.

6. Asirvad Microfinance Limited

Well, next up, you may not know this but yes, Asirvad Microfinance is a fast-growing microfinance company and surely is a subsidiary of Manappuram Finance. Like, as of 2025 though, the company operates in 22 states to serve over 3 million clients, you know like, mainly low-income women entrepreneurs in the country. As for specific details here, the firm offers microfinance loans at an interest of approximately 25% per annum, with loan amounts ranging from ₹1,000 to ₹80,000.

7. Arohan Financial Services

The next big one? Oh, well, that would be the Arohan Financial Services, which is particularly famous down there in north-eastern India. How and why? Simple actually, you see, as of 2025, it has a loan portfolio of over ₹10,000 crore and serves nearly 19 lakh clients. That’s precisely how! You know like, Arohan gives loans to small businesses and also provides extra services like insurance and financial literacy programs, so no wonder why they made it big.

8. Annapurna Finance Limited

You may have heard of this one a lot like, Annapurna Finance came into being in 2009 to help in areas that are underserved, you know? Right now though, it has lots of loans amounting to over ₹8000 crores and helps people to get money. This includes women and their businesses, no doubt! And right here in India though, yes, it also gives financial education to make sure the borrowers understand better the usage of money.

9. Fusion Microfinance

This one? Yes, just like some other companies on this list, you see, Fusion Microfinance loves empowering women from villages and semi-towns. Though, a little something special is here, you see, Fusion Microfinance has a unique lending model called the Joint Liability Group (JLG). Have you heard that one, like, under this model, a certain number of borrowers take the loan together and all of them share the responsibility for repayment, how about that? Right now, as of 2025, well, Fusion Microfinance has a loan book of over ₹7,000 crore and it has over 20 lakh customers.

10. BSS Microfinance Limited

Alright, so last on the list, yes, BSS Microfinance is a part of Kotak Mahindra Bank. Currently, though, it functions in multiple states like Maharashtra, Karnataka, Tamil Nadu, and Madhya Pradesh. BSS helps you with small loans of ₹5,000 to ₹80,000, which is pretty decent.

Conclusion

That’s all. Yes, these had to be the biggest and top microfinance companies as of 2025 right here in India, no two ways about that. If you’re in need of the services that a typical microfinance company offers, then check out these, you’ll definitely end up like these.