Introduction to Female Entrepreneur Corporate Current Account
Introduction to Female Entrepreneur Corporate Current Account
The female entrepreneur corporate current account is dedicated to providing an extensive range of financial products and services to empower female entrepreneurs.
Prioritise strategic partnerships with various female-focused associations and organisations to offer tailored support and enable women to achieve their business objectives.
Our goal is to foster economic growth, promote gender equality, and fortify the presence of female entrepreneurs within the business sector.
Click here to know more about DFCC Aloka.
Eligibility
Eligibility
- Female sole proprietors with registered businesses
- Businesses with ownership or shareholding exceeding 50% held by women
- Minimum deposit requirement: LKR 10,000
Key Features of Female Entrepreneur Current Account
Key Features of Female Entrepreneur Current Account
Special Rates for lending products
- Leasing – 1% less than the standard published rate
- Pawning – 0.5% less than the standard published rate
- Term Loans – 0.5% less than the standard published rate
- Project Loans – 0.5% less than the standard published rate
- DFCC I connect fee – 50 % of the standard start up fees
- Bank Guarantee – 0.5% less than the standard published rate
- Permanent Overdraft – 16%
- Revolving short term loans for SMEs –AWPLR 3.5%
Special benefits
- Loans granted at lower rates under refinance credit lines
- Small and medium sized enterprises finance project – SMELOC 2
- Government funded loan scheme
- Special loan schemes for small and medium-sized enterprises
| Credit Line | SMELoC – Additional Financing III (Allocation 7) | Stimulating package for Reenergizing the MSME sector |
SMELoC 2 |
|---|---|---|---|
| Eligible sectors | SME projects with group turnover less than LKR 1 Bn | Manufacturing, Construction, Export-oriented, Tourism, Apparel, Fisheries, Animal Husbandry, Agriculture, Agro based culture and all women-led any SME with group turnover less than LKR 1 Bn |
Agriculture, Tourism, Manufacturing, Technology, Export-oriented any MSME and women-led any SME with group turnover less than LKR 1 Bn |
| Interest rates | 9% p.a. | 7% p.a. | 8% p.a. |
| Purpose of Loan |
|
|
|
| Tenure | 2 to 5 years | 10 years | 3 years |
| Loan amounts | Maximum LKR 50 Mn | Maximum LKR 15 Mn | Maximum LKR 10 Mn |
| Eligibility | Registered SME (Excluding trading, Renting, leasing) | Registered SME or Individual (Excluding trading, renting, leasing) | 8% p.a.Registered SME (Excluding trading, renting, leasing) |
| Loan institution | ADB funded | Government funded | ADB funded |
For more details, please contact Renuka- 0768 756 894
Other Benefits
- POS machines and payment Gateways – Faster transaction processing and immediate funds to DFCC own business current account
- Corporate Credit Cards
Non Financial Benefits
- Networking Events and Forums
- Access to Special Funding
- Workshops and Training Sessions
- 24-Hour ALOKA Hotline: Access dedicated banking support and assistance around the clock in three languages
Frequently Asked Questions (FAQs)
Frequently Asked Questions (FAQs)
The DFCC Female Entrepreneur Current Account is a financial service under DFCC Aloka, designed to support female entrepreneurs by offering a range of banking products and services, alongside strategic partnerships and non-financial benefits.
- Female sole proprietors with registered businesses.
- Businesses with over 50% ownership or shareholding by women.
A minimum deposit of LKR 10,000 is required to open the DFCC Female Entrepreneur Current Account.
- Leasing – 1% less than the standard published rate
- Pawning – 0.5% less than the standard published rate
- Term Loans – 0.5% less than the standard published rate
- Project Loans – 0.5% less than the standard published rate
- DFCC I connect fee – 50 % of the standard start up fees
- Bank Guarantee – 0.5% less than the standard published rate
- Permanent Overdraft – 16%
- Revolving short term loans for SMEs –AWPLR 3.5%
- Loans granted at lower rates under refinance credit lines
- Small and medium sized enterprises finance project – SMELOC 2
- Additionally, government-funded loan schemes are available to support eligible businesses.
- Special loan schemes for small and medium-sized enterprises
- POS Machines and Payment Gateways: Faster transaction processing and immediate transfer of funds to DFCC business accounts.
- Corporate Credit Cards:Manage business-related expenses efficiently.
- Networking Events & Forums: Opportunities to connect with other entrepreneurs.
- Access to Special Funding: Priority access to funds designed for female-led businesses.
- Workshops and Training Sessions: Skill development programs.
- 24-Hour Aloka Hotline: Support in three languages for account-related queries and assistance.
Yes, DFCC partners with various female-focused associations and organizations to provide tailored support and guidance to women entrepreneurs.
- Empower female entrepreneurs to grow their businesses.
- Promote gender equality in the business sector.
- Promote gender equality in the business sector.
You can find more details about DFCC Aloka and its offerings by clicking here or contacting the 24/7 Aloka Hotline for personalized assistance.
