KBL Mahila Udyog Women's Business Loan
A thoughtfully designed business loan made especially for women with the aim to foster their entrepreneurial spirit and financial independence. This initiative is ideal for individual women, women-centric firms, and self-help groups seeking to expand or establish their business ventures. Whether you're just starting out or looking to expand, we're here to back your aspirations with financial solutions that align with your goals. Our commitment goes beyond funding — it is about empowering women-led business ventures by offering attractive interest rates and flexible tenures that redefine possibilities. Read more
Why this loan is for you
Designed to give you just what you need
A loan designed exclusively for female entrepreneurs and women’s self-help groups
Enjoy CGTMSE coverage where permissible for added security
Choose from short-term to long-term repayment options
Make matters simple and straightforward
A smart calculator for smart spending and savings
Eligibility criteria
- Individuals who are resident of India
- A woman who holds a controlling stake at least 51% ownership) in your firm or company
- Women's self-help groups
Documents required
- Proof of identity for firm (PAN, Aadhaar, registered partnership deed, MOA and AOA, registered trust deed, LLP agreement etc.)
- Proof of activity (shop/establishment license, GST registration, rent/lease agreement, and other licenses related to the activity)
- Proof of identity for promoter(s) (PAN, passport, driver’s license, voter ID card, Aadhaar card)
As easy as 1,2,3...
Apply for a KBL Mahila Udyog Business Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
Explore other options for you
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Got questions? We’ve got answers.
CGTMSE, or Credit Guarantee Fund Trust for Micro and Small Enterprises, is designed to support first-generation entrepreneurs by offering credit guarantees for collateral-free loans. It covers loans up to ₹5 crores, with guarantee coverage varying from 75% to 85%, depending on the enterprise type. This scheme enables easier credit access for small businesses and encourages financial institutions to lend without requiring third-party guarantees or collateral".
We offer competitive interest rates starting at 10.43*% to make it affordable for you, ensuring that you can pursue your entrepreneurial dreams with ease.
You'll be glad to know that we ask for minimal collateral – assets created with bank finance, so you can focus on growing your business.
Absolutely. We welcome women self-help groups to apply. We believe in collective empowerment, and your group can benefit from this loan.
Repayment is structured through EMIs or equal monthly installments, depending on your loan type, designed to be convenient and manageable for you.
The bank charges a processing fee or upfront fee. This includes charges for legal, valuation, and background information reports.
The margin requirement varies from 15% to 30%, giving you the flexibility to decide the down payment based on your financial capacity.
You can conveniently apply for the loan online, or if you prefer a personal touch, you're welcome to visit your nearest KBL branch. We're here to make the application process easy for you.
If you miss an EMI, it's important to contact the bank as soon as possible. While there may be some flexibility, consistently missing payments can affect your credit score and eligibility for future loans.
There is no processing fee for loans up to ₹5 lakhs. A processing fees of up to 0.50% would be applicable on loans above ₹5 lakhs.
Business loans for women are specially designed to empower female entrepreneurs, offering them the financial support to start or expand their businesses. These loans often come with lower interest rates, extended repayment periods, and special support services. Women entrepreneurs can apply for these loans online, enabling them to easily access funds. KBL Mahila Udyog Women's Business Loan is dedicated to empowering women entrepreneurs, offering business loans for woman. This initiative provides MSME loan for women, supporting women-led businesses in various sectors. With these small business loans for women, harness the potential to grow your business and make impactful strides in your industry.
The interest rates for business loans for women are usually more favorable, reflecting the initiative to support women in business. These rates vary depending on the lender and the applicant's creditworthiness. Understanding the interest rate structure is a key step as you start your loan application process.
Do thoroughly research the various loan options available for women entrepreneurs. Prepare a robust business plan to strengthen your application. Don't overlook any special schemes or subsidies available for women. Make sure to comply with all documentation requirements when you apply for a business loan online.
