IFSC Code : TNSC0010600

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MDCC Bank Working Women Loan

Empowering Women, Empowering Dreams

At MDCC Bank, we are committed to supporting the aspirations and financial needs of women. Our Working Women Loan is specially designed to provide financial assistance to women professionals and entrepreneurs, helping them achieve their personal and professional goals. Whether you are looking to expand your business, invest in professional development, or manage personal expenses, our Working Women Loan offers a flexible and convenient solution.

Key Features of MDCC Bank Working Women Loan:

  • Competitive Interest Rates: Enjoy attractive interest rates @ 12% that make borrowing affordable.
  • High Loan Amount: Avail loan amounts up to Rs.12,00,000/-
  • Flexible Repayment Options: Choose a repayment tenure ranging from 12 to 84 months to suit your financial plans.
  • Minimal Documentation: Experience a hassle-free loan application process with minimal paperwork.
  • Quick Disbursal: Benefit from fast processing and quick disbursal of loan amounts.
  • No Collateral Required: Unsecured loans mean you don’t need to pledge any assets.
  • Special Benefits: Exclusive benefits and offers for women professionals and entrepreneurs.

Eligibility Criteria:

  • Age: Applicants must be between 21 and 60 years of age.
  • Employment: Must be a salaried employee or a self-employed professional.
  • Income: Regular income source to demonstrate repayment capability.
  • Credit Score: A good credit history and score to qualify for competitive rates.

Documents Required:

  • Identity Proof: Aadhaar, Passport, PAN card, Voter ID, or Driving License.
  • Address Proof: Utility bills, Aadhaar, Passport, or Rental agreement.
  • Income Proof: Salary slips, bank statements, ITR, or audited financials for self-employed.
  • Photographs: Recent passport-sized photographs.

How to Apply:

  • Visit Our Branch: Walk into any MDCC Bank branch for personalized assistance.
  • Call Us: Reach out to our customer service for guidance and support.

Why Choose MDCC Bank for Your Working Women Loan?

  • Empowering Women: Tailored loan solutions designed to meet the unique needs of women.
  • Customer-Centric Approach: We prioritize your needs and provide customized financial solutions.
  • Support: Dedicated relationship managers to assist you through the loan process.
  • Transparency: No hidden charges, ensuring complete transparency in all dealings.

Empower your dreams with MDCC Bank Working Women Loan. Apply now and take the next step towards achieving your goals!

Working Women Loan FAQs

What is a Working Women Loan?

A Working Women Loan is a financial product specifically designed to provide financial assistance to women professionals and entrepreneurs. It helps in meeting personal and professional financial needs without requiring collateral.

What is the maximum loan amount I can avail myself of?

You can avail loan amounts up to ₹7 lakhs, depending on your eligibility and financial requirements.

What is the interest rate for a Working Women Loan?

The interest rate for a Working Women Loan at MDCC Bank is competitive and varies based on factors such as loan amount, tenure, and the applicant’s credit profile. Contact our branch or visit our website for the latest rates.

What is the repayment tenure for a Working Women Loan?

The repayment tenure for a Working Women Loan at MDCC Bank ranges from 12 to 84 months, offering flexibility to choose a tenure that suits your financial planning.

How can I apply for a Working Women Loan?

You can apply for a Working Women Loan through the following ways:

  • Walk into any MDCC Bank branch for personalized assistance.
  • Call our customer service for guidance and support.
What documents are required to apply for a Working Women Loan?

To apply for a Working Women Loan, you will need the following documents:

  • Identity Proof: Aadhaar, Passport, PAN card, Voter ID, or Driving License.
  • Address Proof: Utility bills, Aadhaar, Passport, or Rental agreement.
  • Income Proof: Salary slips, bank statements, ITR, or audited financials for self-employed.
  • Recent passport-sized photographs.
Is collateral required for a Working Women Loan?

No, MDCC Bank’s Working Women Loan is an unsecured loan, meaning you do not need to pledge any assets as collateral.

Are there any special benefits for women entrepreneurs?

Yes, MDCC Bank offers exclusive benefits and offers tailored specifically for women professionals and entrepreneurs to help them achieve their goals.

Eligibility

  • Women earning fixed monthly income eligible to avail Service period not less than 3 years and carry home salary after loan repay and all deduction not less than 25%

Maximum Loan Amount

  • 20 times of Gross Salary or Rs.700000/- whichever is less

Repayment

  • 84 months