What We Do
Loans
Loans
At Bimano Financial Solutions, we offer a range of loan products and services to help our clients meet their financing needs. Whether you’re looking to buy a home, start a business, or make a large purchase, we have loan options to help you achieve your goals.
We offer a variety of loan products, including mortgages, personal loans, business loans, and lines of credit. Our team of lending experts works closely with our clients to understand their specific needs and financial situation, and then develop customized loan solutions that are tailored to their unique circumstances.
Our loan products come with flexible terms and competitive rates, and we offer a quick and easy application process that can be completed online. We also provide ongoing support to our clients throughout the loan process, and we are always available to answer any questions or provide guidance.
At our financial solutions website, we also provide educational resources to help our clients understand the loan process and make informed decisions about their financing. Our website features a range of articles and videos on loan-related topics, and we offer workshops and seminars to help our clients learn more about loan options and how to manage their debt.
Overall, our loan services are designed to help our clients achieve their financial goals and provide the financing they need to succeed. Contact us today to learn more about our loan options and how we can help you achieve your financial objectives.
Government Sponsored Loans
Mudra Loan
Pradhan Mantri MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on April 8, 2015 for providing loans up to 10 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, Cooperative Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions
mentioned above or can apply online through this portal. Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.
PMEGP Loan
The scheme is implemented by Khadi and Village Industries Commission (KVIC) functioning as the nodal agency at the national level. At the state level, the scheme is implemented through State KVIC Directorates, State Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks. In such cases KVIC routes government subsidy through designated banks for eventual disbursal to the beneficiaries / entrepreneurs
directly into their bank accounts. The maximum cost of the project/unit admissible in manufacturing sector is ₹ 25 lakhs and in the business/service sector, it is ₹ 10 lakhs.
Categories of Beneficiary’s Rate of subsidy under PMEGP (of project cost)
Area (location of project/unit) General category 15%(Urban), 25%(Rural), Special 25%(Urban), 35%(Rural)
(including SC/ ST/ OBC/ Minorities/Women, Ex-servicemen, Physically handicapped, NER, Hill and Border areas, etc.)
The balance amount of the total project cost will be provided by the banks in the form of term loan and working capital.
CGTMSE Loan
Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is jointly set up by Ministry of Micro, Small & Medium Enterprises (MSME), Government of India and Small Industries Development Bank of India (SIDBI) to catalyze flow of institutional credit to Micro & Small Enterprises (MSEs). Credit Guarantee Scheme (CGS) was launched to strengthen credit delivery system and to facilitate flow of credit to
the MSE sector, create access to finance for unserved, under-served and underprivileged, making availability of finance from conventional lenders to new generation entrepreneurs. Over the past 20 years, CGTMSE has been instrumental in providing guarantee cover to collateral and/or third party guarantee free credit facilities extended by eligible Member Lending Institution [MLIs] to MSEs.
PMFME - MOFPI
Ministry of Food Processing Industry (MoFPI) has launched the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) scheme under the Aatmanirbhar Bharat Abhiyan with the aim to enhance the competitiveness of existing individual micro-enterprises in the unorganized segment of the food processing industry and promote formalization of the sector. The scheme to be implemented over a period of five years from 2020-21 to
2024-25 with a total outlay of Rupees 10,000 crore. The scheme has a special focus on supporting Groups engaged in Agri-food processing such as Farmer Producer Organizations (FPOs), Self Help Groups (SHGs) and Producers Cooperatives along their entire value chain.
The PMFME scheme support in terms of:
i. Food processing entrepreneurs through credit-linked capital subsidy @35% of the eligible project cost with a maximum ceiling of Rs.10 lakh per unit.
ii. Seed capital @ Rs. 40,000/- per SHG member for working capital and purchase of small tools.
iii. Credit linked grant of 35% for capital investment to FPOs/ SHGs/ producer cooperatives.
iv. Support for marketing & branding to micro-units.
v. Support for common infrastructure and handholding support to SHGs, FPOs and Producer Cooperatives.
vi. Providing Capacity building and training support to increase the capabilities of the enterprises and upgradation of skills of workers.
Education Loan
It’s a first of its kind platform which directly connects beneficiary from lenders. The main purpose of Jansamarth portal is to encourage inclusive growth and development of various sectors by guiding and providing them to right type of government benefits through simple and easy digital processes. The portal ensure end to end coverage of all the linked schemes. The portal majorly covers all type of loan category and
Agri-Infra Loans
The role of infrastructure is crucial for agriculture development and for taking the production dynamics to the next level. It is only through the development of infrastructure, especially at the post harvest stage that the produce can be optimally utilized with opportunity for value addition and fair deal for the farmers. Development of such infrastructure shall also address the vagaries of nature, the regional disparities, development of human
resource and realization of full potential of our limited land resource. Eligible projects for all beneficiaries: Organic inputs production Bio stimulant production units Nursery Tissue culture Seed Processing Custom Hiring Center Infrastructure for smart and precision agriculture Farm/Harvest Automation Purchase of drones, putting up specialized sensors on field, Blockchain and AI in agriculture etc. Remote sensing and Internet of Things (IOT) such as automatic weather station, Farm advisory services through GIS applications. Logistics facilities - Reefer Van& Insulated vehicles Assaying Units Supply chain services including e-marketing platforms Warehouse & Silos Cold Stores and Cold Chain Packaging Units Primary Processing activities
SIDBI Sponsored Loan
SIDBI has been engaged in clusters through its direct lending business as also through promotion and development interventions. For focused attention, SIDBI has now set up Cluster Development Vertical to attend to cluster development from both soft and hard infra structure. In line with Shri UK Sinha committee recommendations, SIDBI has set up SIDBI Cluster Development Fund (SCDF) with support from RBI.
Home Loans
Buying a home is now easy with Online PSBLOANSIN59MINUTES.COM. Get Instant Home Loan EMI Quotes and apply for a home loan with multiple Banks and NBFCs at an interest rate starting from 8.45%* p.a. We offer a longer home loan tenure up to 30 years with small EMIs starting ₹766* per lakh. Get home loan sanction in just 5 days. Our affordable housing loan is tailor made for salaried and self-employed individuals. You can also transfer
your outstanding housing loan to other Banks and NBFCs as per your convenience. We offer you online home loans that you can avail to buy, construct, or renovate your house. Our easy home loan application process, hassle-free documentation requirements and customised repayment options ensure that you make your dream home a reality.
Other Loans
Car Loan
Car Loan-EMI, Compare Interest Rates for Auto Loans- in Bimano Financials. Get instant car loan eligibility with upto 100% financing from leading banks at best Interest Rates, EMI for your new car and used car purchase. Bimano brings car finance at your fingertips with attractive bank offers for your dream car.
Commercial Vehicle Loan
Commercial loans are usually short-term finance that companies avail to fund their unexpected operations costs and capital expenditures. In the early stages of a business, there come various opportunities when you get the chance for inorganic growth but pursuing them would require considerable capital. Moreover, a progressing business has many expenses. In all these scenarios, a commercial loan can be a great monetary source to support your business.
Eligibility for Applying for Commercial Loans
Age Criteria: Minimum 21 years and Maximum 65 years
Minimum Annual Turnover: To be defined by the lender
Business vintage: Minimum 5 years (in profit)
Startups need to provide projections of income for the next 5 years
Business should not be listed in a negative area or location
NGOs, Trusts, Co-operative Societies, and Charitable organizations are not eligible for commercial loans.
Personal Loan
Personal Loan Features & Benefits
- No end-usage restriction
- Loan amount of up to Rs. 40 lakh, which can exceed depending on lenders’ discretion.
- Repayment tenure of up to 5 years, with some banks/NBFCs offering longer tenures.
- Minimal documentation
- Quick disbursals.
- Applicants having excellent credit profiles may also
- qualify for pre approved/pre qualified personal loans with instant disbursal
Personal Loan Eligibility
- Age: 18 - 60 years
- Income: Minimum Rs 15,000/month for salaried applicants
- Credit Score: Preferably 750 and above as having higher credit scores increase the chances of your loan approval at lower interest rates
Loan Against Property
Take Loan against Property (LAP)
Fulfill your financial needs by getting a loan from the bank against the mortgage of your property. Available for salaried and self employed profile
– Low EMIs
– Immediate Funds Availability
– Fast and Easy Loan Processing
Business Loan
Business loan is a financial offering specifically used for business purposes. Business loans offered by Banks and NBFCs can be availed by business owners, self-employed professionals, MSMEs, and other business entities. The loan amount is mainly used for business expansion purposes, to meet working capital requirements, enhance cash flow, buy equipment/machinery, stock inventory, pay rent, hire/train staff, etc.
Financial institutions offer both secured and unsecured business loans, such as Working Capital loans, Term loans, Overdraft, Cash Credit, POS Loans, letters of Credit, Bill Discounting, Equipment Finance, Loans under Govt. Schemes and Bank Guarantee.
Business loans are offered by Private and Public Sector Banks, NBFCs, Small Finance Banks (SFBs), Micro Finance Institutions (MFIs), Regional Rural Banks (RRBs), etc.
There is no minimum limit to borrow and the maximum loan amount offered under the unsecured loan category is Rs. 75 lakh with a repayment tenure of up to 5 years. The loan amount and repayment tenure may exceed the business requirements.
The interest rate offered by Banks/NBFCs shall depend upon the applicants creditworthiness, financial stability, credit history, repayment capability, business tenure, and various other factors.
Working Capital Loan
Working Capital Loan is a credit facility offered to business owners, self-employed professionals, startups, MSMEs, and other business entities to manage their day-to-day business operations and enhance business cash flow. These are short-term business loans to meet urgent cash requirements that can be repaid within 12 months. Working capital loans offered by Banks/NBFCs can be both secured and unsecured loans, as well as in form of an Overdraft, Letter of Credit, and Merchant Cash Advance.
Loan Against Securities
Loan against securities is a loan where you pledge your shares, mutual funds or life insurance policies as collateral to the bank against your loan amount.
How do loans against securities work?
Loan Against Securities are typically offered as an overdraft facility in your account after you have deposited your securities. You can draw money from the account, and you
pay interest only on the loan amount you use and for the period you use it.
For example, you are offered a loan against shares of Rs 2 lakhs. Let’s say, you draw Rs 50,000 and deposit the amount back in your account in one month. In this case, you are liable to pay interest only for one month on Rs 50,000.
The amount of loan you are eligible for depends on the value of the securities you offer as collateral
School Fee Financing
We are focused on creating value for India’s $200B education sector. In our short history, we have been trusted by most of India’s leading education organizations from K12 Schools to Universities, to enable a convenient and enriching fee payment experience to their customers. We have currently implemented our solution in over 2500+ institutions and are adding more each day.
Credit Cards
Almost everyone today has a bit of rectangular plastic in their wallets or purses. That’s the Credit Card and the Debit Card. A few years ago, hardly anyone had a Credit Card. Today, nobody thinks twice about paying for their purchases with a card. It’s not uncommon for people to have several cards. It’s not hard to figure out why. The Credit Card benefits are too great to ignore. Plus with more banks offering them: the process has become more
straightforward, and there are a vast variety of options to suit every lifestyle and spending tendency.
So, what is the benefit of having a Credit Card?
Well, they are numerous. Whether it’s booking a car ride or a movie ticket, purchasing expensive gadgets or a cool fashion accessory, shopping online or at a neighbourhood store, recharging your mobile or settling the utility bill, a Credit Card is one of the most convenient methods of making payments.
Here’s list of key Credit Card benefits:
Convenience: Why carry wads of cash around when you can pay with a simple swipe of your card? A Credit Card is one of the simplest ways to pay for anything – no more counting out change or writing cheques, just present the plastic! You can even link your card to your digital wallet, which allows you to scan and pay without even having to carry your card in your wallet.
Recurring payments: While Credit Cards are great for one-time payments, you can also set it up to automatically make recurring payments such as your phone, electricity or gas bills. No more will there be a chance of forgetting to pay bills on time and facing penalties or disconnection.
Recharges and tickets: One of the biggest Credit Card benefits over cash is the ability to pay for a wider range of online services. For example, you can’t buy flight tickets or recharge your mobile phone with cash on delivery. You can easily pay for them through a Credit Card.
Interest-free credit: A Credit Card comes with a grace period between purchase and payment (could be up to 50 days) during which the bank does not charge any interest. This is a perfect example of buy now and pay later.
Rewards: Every time you pay using an HDFC Bank Credit Card, you earn Rewards. You can redeem these rewards for exciting gifts and vouchers such as free shopping trips or even free flight tickets.
CashBacks and discounts: From fuel surcharge waivers to great online shopping deals, your HDFC Bank Credit Card opens the doors to a host of CashBacks offers and Reward Points, especially with selected offline and online merchants.
Travel in style: The HDFC Bank Credit Card makes your travel a more pleasant experience with free access to exclusive airport lounges, priority check-in and boarding, extra luggage allowance, etc.
Expense tracker: Credit Card statements are a great way to track your expenses every month since it provides you with an itemised account of your expenditure.
Safer: One of the benefits of Credit Card in India is that it’s much safer than carrying large amounts of cash around. You don’t have to worry about dropping the money somewhere or having your pocket picked. If you lose the card, you can get a replacement after you notify your bank.
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