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3 Women-centric financial products from Suryoday SFB

  • 19 Oct, 2024
  • 2 Mins Read
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Today's women deserve the rewarding experience of financial independence for which they work so hard. Women are not only disciplined savers but also believe in maximizing savings. Women, often in certain cases, face challenges in accessing credit due to numerous factors such as lower income brackets, lack of credit history, and traditional gender roles. Therefore, to address women's unique financial needs and challenges, women-centric financial products are specifically designed. These products offer a range of benefits that empower women to achieve their financial goals and secure their future. In this article, we will highlight three financial products from Suryoday SFB that are especially curated for women, offering a range of benefits that can empower them to achieve their financial goals and secure their future.

1. Blossom Women Savings Account

Blossom Women Savings Account is not just any savings account; it's a symbol of women empowerment. With this account, any woman can take charge of their money and make well-informed financial decisions, feeling empowered and in control. It's a savings account exclusively designed for every aspirational independent woman. With a Minimum Balance Requirement of ₹10,000 per month, they can earn an Interest Rate of up to 7.75%* p.a. with monthly interest credit. The account holders are eligible for RuPay Debit Card offers and discounts. They would also get an add-on voucher for a Movie ticket or Spa/Salon (limited period offer) along with entitlement Preferential Interest rate and discount on processing fees on a 2-wheeler loan. These exclusive features are designed to delight women and get them maximum value from their savings account.

2. Vikas Loan

At SSFB, we believe in the power of women to change their lives and communities. With our Vikas Loans, we're making it easier for low-income women entrepreneurs. We provide them with access to funds to generate income, create job opportunities, and lead a better lifestyle. With Vikas Loan, a woman can secure a collateral-free loan with minimal documentation, giving their business the boost it needs. This easy access to funding supports and encourages women in their entrepreneurial journey. They can avail of a Loan Amount between ₹65,000 - ₹2,00,000 with a Loan Tenure of 24-36 Months at an affordable Rate of Interest.

3. Joint Liability Group (JLG)

Our Joint Liability Group (JLG) finance is designed to provide women customers with collateral-free funds. By leveraging the strength of the group, we offer the flexibility to pursue personal ambitions. This flexibility is meant to make them feel liberated to pursue their dreams. They can avail of a loan value between ₹10K - ₹50K with minimal documentation and enjoy a flexible tenure between 12- 24 months.

Suryoday Small Finance Bank offers a range of financial products for today's women. Explore its features and benefits and choose one that suits your financial needs.

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