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Home >> Loan >> Retail Schemes >> Oriental Loan To Women
Oriental Loan To Women

ORIENTAL SCHEME FOR BEAUTY PARLOURS / BOUTIQUES / SALOONS / TAILORING BY WOMEN

Propose

To develop entrepreneur-ship among women and also to ensure the easy, timely and convenient access to women to institutional credit.

Nature of facility

Term loan 

For the purchase of tools/equipment/furniture & fixture, shop etc.

 

Working capital

For running day to day expenses of business

Applicant's Eligibility

1.      Proprietary concerns of women

2.      Partnership firms, where majority partners are women

3.      Companies, where majority of promoters shares are held by women

Loan Amount

Upto Rs. 10.00 Lacs

Out of which WC not to exceed Rs.5.00 lac

Margin

Loan upto Rs.25,000/-      

Nil

Above Rs.25,000/- & upto Rs.2.00 lac                       

15%

Above Rs. 2.00 Lac & up to Rs. 10.00 Lacs

25%

In case of purchase of shop the margin will be 25% irrespective of loan limit.

Rate of interest (floating)

Click here to view rate of interest.

Penal Interest

Penal interest @ 2% p.a. over and above the normal lending interest rate shall be charged on irregular portion & for the period of irregularity.

Process fee

Click here to view Process Fee.

Security

Primary: Charge over the assets (movable & immovable) purchased out of Bank's finance.

 

Collateral

  • Up to Rs. 2.00 Lacs - NIL
  • Above Rs. 2.00 Lacs- Tangible collateral security up to 100% of loan value.

Repayment

For Term Loan- the repayment period is 5 to 7 years with maximum moratorium of 3 to 6 months.

Prepayment Penalty

NIL

 

* For further details please contact the nearby branch or call at 1800-180-1235 & 0124-2340940