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Shakti Loan

Product Features

Everything You Need to Know

Introduction

A specialized product for women micro-entrepreneurs to address their funding challenges. Specifically designed for women-led businesses in sectors such as services and job work.

Features and Benefits

Amount: Max. loan amount – INR 200,000 Tenor: 6 months to 24 months

Eligibility

You should be an Indian citizen in the age group of 18-59 years. Primary loan applicant should a female and the business owner. Business stability of 2 years. Permanent and stable business location.

Fees and Charges

Application Fees: Rs 590 (inclusive of taxes) Processing Fees – 2.5% + GST. Bounce Charges – Rs 500 (inclusive of taxes) Late Payment Charges – Rs 200 per month (inclusive of taxes) Foreclosure Charges – As applicable.

Required Documents

  • ID proof
  • Current Residence Proof
  • Business Ownership Proof
  • Age Proof
  • Bank Statement