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

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 Loans 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.

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.