Credlix's Business Loan for Women

Disclaimer….before you read ahead!

The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.

Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this email.

About this scheme…

Business Loan for Women, a collateral free credit facilitation offering designed exclusively for women entrepreneurs, was launched by Credlix, a global supply chain financing solutions provider, so that these lady-preneurs can meet their needs and have enough funds to develop businesses without putting up any collateral.

How is it being implemented?

Under this Scheme, direct credit facilitation assistance is provided exclusively to,

Women entrepreneurs engaged in Manufacturing, Trading, or Service-oriented industries

By providing them with easy access to various Banks and Non-Banking Finance Companies (NBFCs) (Lender) with customized business loan offerings for women with lower interest rates, relaxed eligibility criteria, and specific facilitation.

Apart from this, Credlix also offers one-on-one support and financial education to empower women entrepreneurs with the ability to make informed loan decisions.

What’s on offer?

I. Product

Term Loan
Ticket Size: ₹1 Lakh to ₹90 Lakhs

II. Purpose:

Acquisition of or investment in fixed assets
Working capital requirements

III. Borrower Type:

Self-Employed Professionals, Sole Proprietorships, Private Limited Companies, Partnership Firms and Limited Liability Partnership Firms

IV. Security or Collateral or Guarantee or Insurance

Primary Security: There may be primary charge on assets financed by the Lender
Collateral Security: Nil
Guarantee: For more information around this, please contact Credlix via means mentioned below
Insurance: For more information around this, please contact Credlix via means mentioned below

V. Interest Rate

Starting at 1.5% per month

VI. Processing Fee

For more information around this, please contact Credlix via means mentioned below

VII. Margin Money Requirement

5% or more
For more information around this, please contact Credlix via means mentioned below

VIII. Tenure, Repayments & Pre-Closures

Tenure: 12 to 60 months
Repayments: Structured EMIs that aligns repayments with borrower’s cash flow
Pre-payment & Foreclosure Charges: For more information around this, please contact Credlix via means mentioned below

IX. Turnaround Time

Paperless & digital application submission
Lending decision within 48 hours of application submission
Quick disbursal of funds thereafter. For more information around this, please contact Credlix via means mentioned below

Interested? Read ahead to check your eligibility….

I. Are you likely to be at least 21 years old at the time of submitting loan application, and no more than 65 years of age at the time of the loan maturity date?

II. Has your business been operational for at least 1 year at the time of loan application?

III. Is the annual turnover of your business at least ₹50 Lakhs as per your latest financial records?

If your answers to the questions above are an emphatic YES, you are all set to avail loan under Credlix’s Business Loan for Women!