Women Business Ideas That Banks Will Fund Easily

Top 5 Business loans for Women

Recently lot of women’s has entering into the business and there is a huge increasing trend of women entrepreneurs. Various loan schemes are available in the market to upscale or develop their new / (or) existing business at interactive concession interest rates.

Discover Women Business Ideas supported by top bank loans in India. Learn about interest rates, eligibility, and schemes made only for women entrepreneurs.

Here are the top 5 business loans which is available only for women entrepreneurs,

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1. Bhartiya Mahila Bank Business Loan

Apply a company loan up to Rs. 20 crores,
Secured by property,
Only available for female entrepreneurs,
Able to get a loan for new start-up (or) existing business,
To get a loan for retail (or) Manufacturing business,
Loan amount up to Rs. 1 crore, no collateral required.

2. Shree Shakti Business Loan by State Bank of India

SBI providing term loan (or) working capital loan,
Loan amount determined based on borrowers (or) customer profile,
Most of the SBI branch will provide this loan to the women’s,
Women needs to be controlled atleast 50% of the business to avail this loan facility,
Bank will approve loan up to 10 lakh without collaterals,
Collateral is needed, if loan amount exceeds Rs. 1 crore based on the borrower’s profile,
11.20% of Interest rate applicable for the loan.

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3. Synd Mahila Shakti Scheme by Syndicate Bank

Bank provide financial assistance to only female entrepreneurs,
Women’s who runs small scale business professionals, self-employed and retail trade through credit facility can able to avail this loan.
For new business (or) existing business (or) working capital (or) term loan.
Able to get an loan up to Rs. 5 crores
Re-payment period up to 10 years.

4. Cent Kalyani Scheme by Central Bank

Provide financial assistance to small scale industries, village and cottage industries,
Micro, small and medium scale businesses,
Agriculture and allied activities,
Loan is only for women entrepreneurs,
No collaterals required,
No guarantor required, and
No Processing fees,

5. Dena Shakti Scheme by Dena Bank

Helping women’s to assist on financial side of their businesses
Business such as micro credit, manufacturing, agriculture, retails & more on,
Banks can approve loan amount up to Rs. 20 lakhs,
It could be an combination of term loan (or) working capital loan
Concession interest rate applicable for the loan.

Disclaimer: The information provided in this article is for general informational purposes only. It is not intended as financial or legal advice. Please consult your financial advisor before making any decisions.