Freedom Woman Loan
This loan has been tailor made to serve Rural Women Entrepreneurs for starting, expanding or modernizing their business. As a step towards women empowerment, helping women to gain greater voice in the society, thereby influence change is the main goal of this scheme.
Who can Avail Loan !
Self-employed Women : small traders, vegetable vendors, Flower vendors, Tiffin centre owners, bakeries,Tailor, Agarbathi making, candle making, Online resellers, Make up artist, Home chef etc.
Those who handles Handcraft, Cottage Industry, small farms and FMCG.
| Lending Model | Individual or with Co-Borrowers |
| Loan Amount | Rs.10,000 to 1,20,000 |
| Tenure | 03 – 12 months |
| Repayment Frequency | Monthly/Fortnightly/Weekly |
| Rate of Interest (Fixed interest Method) | 18% p.a to 30% p.a |
| Processing Fee | Flat 2.36% (incl 18% GST) |
Eligibility
The borrower should be an Indian resident and citizen with age between 21 to 60
The borrower should be Women Entrepreneur.
The borrower should not have any outstanding loans from any other lender
Loan repayment obligation of borrower should not exceed 50% of monthly household income
Loan is given to a borrower having annual household Income uptoRs 3,00,000/-.
All the loans are mandatorily to be verified by Credit bureau before disbursement.
Terms & Conditions
Processing fee charged at the time of disbursement, will be reduced from loan amount
Minimum Loan period is 3 months, before which repayment cannot be made.
After 3 Months, prepayment of loan is allowed without penalty
Loan is without collateral.
FAQ
What Legal papers needed for opening insurance policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How EFT is used for your premium payment method?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
What is the age limit for elderly care policy?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family
How to claim a policy amount from you?
Insurance plans will help to pay for medical emergencies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family.Insurance plans will help to pay for medical emerg encies, hospitalisation contraction of any illnesses & treatment, medical care required in the future. The financial loss to the family