Business Loan for Women

Small Business Loans for Women Entrepreneurs

As a rapidly growing section of business owners with unique financial needs, women can avail of small business loans at nominal interest rates, with easy eligibility criteria, and quick approval.

Business Loans for Women: Features and Benefits

If you're a budding female entrepreneur in need of capital to grow your company, you can now get finance up to Rs.45 lakh with little paperwork and no collateral. Bajaj Finserv provides small business loans to women in India to help them start a business on easy terms. These funds may be used to purchase new machinery, upgrade existing equipment, or increase working capital. This specialized women entrepreneurs loan can help give your company a boost in terms of financial backing.

Hassle-free high value loan

Bajaj Finserv offers easy and quick small business loans of up to Rs.45 lakh at affordable interest rates. With approval in as little as 24 hours*, these high-value loans offer the ideal financial option to meet unexpected expenditures.
Flexi facility

Bajaj Finserv offers an exclusive Flexi facility that lets you withdraw funds when you need from the sanctioned loan limit, and prepay when you can without additional costs. You can also choose to pay interest-only EMIs for the initial tenor and lower your EMIs by up to 45%*.
Unsecured loan with minimal paperwork

Bajaj Finserv provides unsecured business loans that require no collateral, which means you need not worry about using your personal or business assets to get funds. These small business loans come with simple eligibility and require only a few documents as part of the application.
Pre-approved offers

Bajaj Finserv offers customised pre-approved deals to its existing customers. You simply need to share basic details for instant approval on your loan application.
Online access of account

With our customer portal, Experia, you can access your business loan account statements from anywhere without having to visit our branches.

Business Loans for women: Eligibility Criteria

Bajaj Finserv offers female entrepreneurs small business loans on simple terms and conditions. Below is the list of eligibility requirements to avail of business loans for women.

You must be an Indian citizen between 24 to 70 years* of age
(*Age should be 70 years at loan maturity.)
You must own a business with a minimum vintage of 3 years
Your CIBIL score must be 685 or higher

Business loans for women: Documents Required

The documents required for a loan for female entrepreneurs in India are minimal. To avail of a business loan from Bajaj Finserv, you simply need to keep the following documents handy:

Identity proof: KYC documents such as Aadhar card, voter ID, PAN card, driving license, passport, or any other valid document issued by the government.
Address proof: Apart from KYC documents, you can submit utility bills, lease agreement, etc. as address proof.
Financial documents: You have to submit your bank account statements for the last six months, balance sheet, and profit and loss statement for the previous two years audited by a CA as financial proof.
Business ownership proof: The documents required for ownership proof depend on the type of business and applicant. For e.g., in the case of a sole proprietor, a business registration document is needed; in the case of partnership firms, a partnership agreement is needed; and in the case of private limited companies, the Certificate of Commencement/Article and Memorandum of Association are needed.

Small Business Loans for Women: Interest Rate and Charges

Bajaj Finserv offers financing for women-owned businesses in India at nominal interest rates with no hidden charges. Furthermore, upfront loan terms and conditions ensure complete transparency. Read more about the interest rate and charges in the table given below.

Types of Fees	Applicable Charges
Rate of interest	17% p.a. onwards
Processing fees	Up to 2% of the loan amount (plus applicable taxes)
Document/statement charges Statement of account/repayment schedule/foreclosure letter/No Dues Certificate/interest certificate/list of documents	Download your e-statements/letters/certificates for free by simply logging into our customer portal, Experia. You can also get a physical copy of your statements/letters/certificates/list of documents from any of our branches at a charge of Rs. 50/- (inclusive of taxes) per statement/letter/certificate.
Bounce charges	Rs.3000 per bounce (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly Instalment on/before the Due Date)	2% per month
Document processing charges	Rs. 2000 + applicable

Read here to know more about the associated fees and charges on small business loans for women.

How to Apply for a Loan for Women Entrepreneurs in India?

You can apply for business loans for women in a few easy steps. To avail of a small business loan, you simply need to follow the below steps.

Click on APPLY NOW to open the application form
Fill in the application form by sharing your basic personal and business information
Upload your documents, such as bank account statements for the last 3 months, and the GST returns of your business
A Bajaj Finserv representative will then call you and take you through your loan offer
Receive the loan amount in your bank account within 24 hours of document verification and approval