Why DAMINI (Business Loans for Women Entrepreneurs)

This Damini loan can also help meet business expenses, manage cash flow, and cover operational requirements. It can be useful in Asset purchase.

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  • A specially designed loan for businesswomen.
  • Dedicated Relationship Manager to guide and help the customer across the lifecycle of the loan
  • Discount in the rate of interest and Processing Fees
  • No Prepayment charges after 12 months

Details

DAMINI (Business Loans for Women Entrepreneurs) Loan Highlights
Interest Rate 1 % lower Interest rate as compared to other loans in the segment applied for
Loan Amount Rs 3 lakhs to Rs 25 lakhs
Tenor 1 year to 4 years
Processing Fee 2% (0.50 % discount)

Documents Required for Loan

Bank Statement

Bank statement of the enterprise and Proprietors / Partners

Bank Statement

Udayam Registration Certificate

Bank Statement

Shops & Establishment Registration

Bank Statement

Electricity Bill of the Business*

Bank Statement

Income Tax Return

Bank Statement

Pan Card and Aadhar Card of the Proprietors / Partners

Bank Statement

GST Returns


* Rent agreement to be provided along with electricity bill if business premises is rented premises

Frequently Asked Questions (FAQs) for Loan

Damini Business Loans for Women Entrepreneurs is a loan product designed specifically for women entrepreneurs in India.It provides financial assistance to women entrepreneurs to start, expand, or manage their business.

Women entrepreneurs in India who are aged between 21 and 65 years and have a registered business, either in the form of a sole proprietorship, partnership, or private limited company, are eligible for Damini Business Loans for Women Entrepreneurs.

The loan amount under Damini Business Loans for Women Entrepreneurs can range from INR 3,00,000 to INR 20,00,000, depending on your business needs, financials, and credit worthiness.

You can use the loan amount availed under Damini Business Loans for Women Entrepreneurs for various business purposes, such as working capital, purchasing inventory, buying equipment or machinery, expanding your business, or meeting other business-related expenses.

The interest rates and fees associated with Damini Business Loans for Women Entrepreneurs are competitive and will be communicated to you by Maa Sarada Holdings (P) Ltd at the time of loan processing.

The documents required to apply for Damini Business Loans for Women Entrepreneurs may include proof of identity, proof of address, business registration certificate, business financials, bank statements, and other relevant documents. The exact documentation requirements will be communicated to you by us during the loan application process.

The repayment tenure for Damini Business Loans for Women Entrepreneurs can range from 12 months to 60 months, depending on the loan amount and your business's financials.

The loan application processing time may vary depending on the completeness of the documentation provided and other factors. Maa Sarada Holdings (P) Ltd will strive to process your loan application in a timely manner and will keep you updated on the progress.