1 / 7

Apply Bhartiya Mahila Bank Business Loan

The BMB provides business loans to woman entrepreneurs and provides a level-playing platform for them. The Bhartiya Mahila Bank business loan is meant to address working capital requirements or to facilitate business expansion by Indian women entrepreneurs. BMB offers business loans to manufacturing enterprises amounting to a maximum of Rs 20 crores. Offers a flexible repayment tenure up to a maximum of 7 years. You do not need to pledge any collateral if your loan amount is on or below Rs.1,00,00,000.<br>https://www.afinoz.com/business-loan/bhartiya-mahila-bank

amirazam
Télécharger la présentation

Apply Bhartiya Mahila Bank Business Loan

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Description The BMB provides business loans to woman entrepreneurs and provides a level-playing platform for them. The Bhartiya Mahila Bank business loan is meant to address working capital requirements or to facilitate business expansion by Indian women entrepreneurs. BMB offers business loans to manufacturing enterprises amounting to a maximum of Rs 20 crores. Offers a flexible repayment tenure up to a maximum of 7 years. You do not need to pledge any collateral if your loan amount is on or below Rs.1,00,00,000.

  2. Features and Benefits - Bhartiya Mahila BankBusiness Loan Some of the salient features of the business loan offered by Bhartiya Mahila Bank are mentioned below- • A concession of 0.25% in the rate of interest is offered to women entrepreneurs • Offers a flexible repayment tenure up to a maximum of 7 years. • You do not need to pledge any collateral if your loan amount is on or below  Rs. 1,00,00,000 • It is a combination of term loan and working capital loan

  3. Eligibility Criteria - BharatiyaMahila BankBusiness Loan The below-mentioned segments are eligible to apply for a Bhartiya Mahila Bank Business Loan: • Sole Proprietors • Partnership Firms • Co-operative Societies • Public and Private Limited Companies • Applicants with work experience of minimum 2 years; business continuity of minimum 2 years is required for the self-employed • The applicant should be at least 21 years of age at loan application and should not be over 60 years at loan maturity. • The minimum take-home income should be  Rs. 25000/- per month • Co-applicant (Spouse/Parents/Children) are allowed in case of HL and LAP

  4. Documents Requirements - BharatiyaMahilaBankBusiness Loans The following documents need to be furnished while applying for business loans in BMB. • Identity Proof: Any one from  Driving License, PAN Card, Voter ID Card, Aadhar Card, Proprietor ID card, ID card of a partner of Director (in case of a company), etc. • Address Proof: Any one from valid Passport, Aadhar Card, Property tax bill, Utility bill, etc. • Last 3 months’ salary slip • Passport size photographs (2) • Last 6 months’ Bank statement of the salary account • Latest Form 16.

  5. Interest Rate - BharatiyaMahilaBankBusiness Loans The BharatiyaMahila Bank Business Loan interest ratevaries in the range of 10.15% to 13.65% per annum. The maximum business loan amount provided by BharatiyaMahilaBank differs for various categories of applicants as follows • For service enterprises and retail traders: Maximum of Rs. 5,00,00,000 • For manufacturing enterprises: Maximum of Rs. 20,00,00,000 • Collateral free loan: Up to Rs. 1,00,00,000 (under CGTMSE cover of Govt. of India)

More Related