Manba Finance'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 article.

About this scheme…

Business Loan for Women, a collateral free loan offering designed exclusively for women entrepreneurs, was launched around 2023 or 2024 by Manba Finance Limited to empower them, and help them raise capital & grow their businesses.

Manba Finance Limited is a non-deposit accepting Non-Banking Financial Company registered with Reserve Bank of India.

How is it being implemented?

Under this Scheme, direct loan is provided exclusively to,

Women Entrepreneurs running small businesses such as Kirana Stores, Medical Shops, Tailors, Carpenters, Laundries, Eateries, Bakeries, Manufacturing Units, Repair shops, etc., whose financing needs are smaller in size & have comparatively less access to organized funding

What’s on offer?

I. Product

Term Loan
Ticket Size: Up to ₹10 Lakhs

II. Purpose:

Acquisition of or investment in fixed assets
Working capital requirements

III. Borrower Type:

Self-Employed Professionals, Sole Proprietorships, 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
- However, there may be a need to have a house or a shop in your name or in the name of your spouse or parents. For more information around this, please contact Manba Finance via means mentioned below
Guarantee: For more information around this, please contact Manba Finance via means mentioned below
Insurance: Borrower will need to take Life or Shop insurance cover made available by Manba Finance with lowest premium

V. Interest Rate

21.50% – 27.50%

VI. Processing Fee

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

VII. Margin Money Requirement

VIII. Tenure, Repayments & Pre-Closures

Tenure: Up to 48 months
Repayments: EMIs
- To Calculate your EMIs, please click here
Pre-payment & Foreclosure Charges: For more information around this, please contact Manba Finance via means mentioned below

IX. Turnaround Time

This Scheme is characterized by 24/7 Door Step Agent Service and digital loan application journey
Loan disbursal can be expected within 4 days

Interested? Read ahead to check your eligibility….

I. Are you likely to be at least 25 years old at the time of taking the loan, and not more than 68 years of age at the time of loan redemption?

II. Has your business been operational for at least 3 years at the time of the loan application?

III. Do you have a clean credit history with no derogatory report in the credit bureau?

IV. Are you likely to clear Banking and Cash Flow eligibility assessments?

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

V. Do you or your spouse or parents have a house or a shop in your or their name? [Note: Additional eligibility criteria for which you may need to contact Manba Finance via means mentioned below]