₹ 2 lakh – ₹ 80 lakh
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What is a business loan for women?
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Business loans for women in India offer essential financial support to help start or expand enterprises. Specifically designed for female entrepreneurs, these loans feature competitive interest rates and swift approval processes. Whether you’re setting up a new venture or looking to grow an existing one, customised funding solutions for women can address your financial requirements. These small business loans come with flexible repayment terms and straightforward eligibility criteria. Access finance that empowers women entrepreneurs to achieve their business ambitions with confidence.
Features and benefits of business loan for women
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Hassle-free funding
We offer easy and quick small business loans of up to Rs. 80 lakh at affordable interest rates without any collateral.
Repay over 8 years
Pay off the loan in affordable monthly instalments in up to 96 months and grow your business stress-free.
Minimal paperwork
Finance your business easily by meeting our simple eligibility terms and submitting only a few documents to apply.
24/7 loan management
With our customer portal, you can access your business loan account statements from anywhere.
To help the rising number of women entrepreneurs in the country meet their business financial needs, Bajaj Finance offers a business loan for women with a host of attractive features. With this instrument, you are empowered to grow your enterprise without financial restraints or the need for collateral. All you have to do to avail of the ample sanction of up to Rs. 80 lakh is to meet the lenient eligibility terms and furnish the minimal documentation needed. Enjoy quick approval and get the loan in your bank account in just 48 hours* post-approval.
You can opt for the Flexi loan for even greater financial flexibility. This feature gives you the option to borrow from your loan limit as needed and pay interest only on what you utilise.
Top 5 business loan schemes for women
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The most popular business loans for women entrepreneurs are listed below:
1. Stand-Up India Scheme
- Loan amount: Rs. 10 lakh - Rs. 1 crore
- Interest rates: The lowest applicable rate of the bank for that category, not to exceed MCLR + 3% + tenor premium
- Beneficiaries: SC/ST or women entrepreneurs
- Link: Stand-Up India Loan Scheme
2. Pradhan Mantri Mudra Yojana
Loan amount:
§ Shishu: Up to Rs. 50,000
§ Kishore: Above Rs. 50,000 and up to Rs. 5 lakh
§ Tarun: Above Rs. 5 lakh and up to Rs. 10 lakh
§ Tarun Plus: Above Rs. 10 lakh and up to Rs. 20 lakh (for eligible borrowers who have successfully repaid a previous Tarun loan)
- Interest rates: Deregulated. Interest rates are determined by individual lending institutions based on the borrower's credit profile, business requirements, and internal lending policies, subject to applicable RBI guidelines.
- Beneficiaries: Eligible individuals, proprietorships, partnership firms, companies, and other business entities engaged in non-farm income-generating activities, including manufacturing, trading, services, and allied agricultural activities.
- Link: Pradhan Mantri MUDRA Yojana (PMMY)
3. Udyogini Scheme
- Loan amount: Up to Rs. 3 lakh
- Interest rates: Competitive, subsidised, or free for special cases
- Beneficiaries: Women entrepreneurs, especially from rural and underdeveloped areas
- Link: Udyogini Scheme
4. PSB Loan
- Loan amount: Rs. 1 lakh to Rs. 5 crore
- Interest rates: Starting from 12% p.a.
- Beneficiaries: Everyone
- Link: PSB Loans in 59 minutes
5. Bajaj Finance Business Loan for Women
- Loan amount: Up to Rs. 80 lakh
- Interest rates: Starting at 14% p.a.
- Beneficiaries: Women entrepreneurs across sectors
- Link: Bajaj Finance Business Loan page
Eligibility criteria of business loan for women
Nationality
Resident Indian citizen
Age
21 to 80 years*
(* Age should be 80 years at the time of Loan Maturity)
Work status
Self-employed
Business vintage
Minimum 3 years
CIBIL Score
650 or higher
Check your pre-approved business loan offer
Documents required for business loan for women
Keep these documents ready:
- KYC (Aadhaar, PAN)
- Business registration proof (GST certificate, Udyam registration)
- ITR for 2 years
- Bank statements for 6 months
- P&L and balance sheet for 2 years
To make informed borrowing decisions, women entrepreneurs can also use a business loan EMI calculator to estimate monthly repayments and plan finances effectively.
Interest rate and charges for business loan for women
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Business loans for women come with a nominal business loan interest rate and no hidden charges.
Type of fee Applicable charges Rate of interest 14% to 23.50% per annum Processing fees Up to 4.72% of the loan amount (inclusive of applicable taxes) Bounce charges Rs. 1,500 per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.
Flexi Facility Charge Term Loan – Not applicable
Flexi Loan – Up to Rs. 999 to Rs. 16,999 (Inclusive of applicable taxes)
will be deducted upfront from loan amount.
Penal charge Delay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. Prepayment charges Full Pre-Payment
• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) On The Outstanding Loan Amount As On The Date Of Full Pre-Payment.
• Flexi Term (Dropline) Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, As On The Date Of Full Pre-Payment.
• Flexi Hybrid Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, As On The Date Of Full Pre-Payment.
Part Pre-Payment:
• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) Of Principal Loan Amount Prepaid On The Date Of Such Part Pre-Payment.
• Not Applicable For Flexi Term (Dropline) Loan And Flexi Hybrid Term Loan
Stamp duty Payable as per state laws and deducted upfront from loan amount Annual maintenance charges Term Loan: Not Applicable
Flexi Term (Dropline) Loan: Up To 0.59% (Inclusive of applicable taxes) of the Dropline Limit (as per the repayment schedule) on the date of levy of such charges.
Flexi Hybrid Term Loan: Up to 1.18 % (Inclusive of applicable taxes) of the Dropline Limit during Initial loan tenor. Up to 0.59% (Inclusive of applicable taxes) of Dropline Limit during Subsequent loan tenor.
Legal and incidental charges Recovery of charges
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How to apply for business loan for women
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Applying for our loan is a simple process that requires you to start by filling out an easy application form. Follow these steps:
- Click on 'CHECK ELIGIBILITY’ to open the application form
- Enter your name and phone number to get the OTP
- Share your basic personal and business details
- Upload your bank statements for the last 6 months
Once you submit the online form, our representative will reach out to help you with further steps.
What can women entrepreneurs use a business loan for?
Working capital requirements
Meet day-to-day business expenses, maintain healthy cash flow, pay suppliers on time, and ensure smooth business operations.
Inventory purchase
Purchase raw materials, replenish stock levels, and maintain adequate inventory to meet customer demand and seasonal business requirements.
Equipment and machinery purchase
Invest in machinery, tools, equipment, and other productive assets to improve operational efficiency, output, and business performance.
Office or business expansion
Expand business premises, open new outlets, renovate existing facilities, or upgrade infrastructure to support business growth.
Hiring and employee management
Recruit skilled staff, manage salary payments, and invest in employee training and development to strengthen business operations.
Marketing and brand promotion
Fund advertising campaigns, digital marketing initiatives, social media promotions, branding activities, and customer acquisition efforts.
Technology upgrades
Implement business software, automate processes, improve cybersecurity, and adopt digital solutions to enhance productivity and competitiveness.
Export promotion and market expansion
Explore new domestic and international markets, support export activities, obtain necessary certifications, and manage logistics and distribution expenses.
Our loan variants
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Types of business loan
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Frequently Asked Questions
Overview
Can women get a business loan?
Aspiring women entrepreneurs can get a collateral-free business loan of up to Rs. 80 lakh from Bajaj Finance. To qualify for the funding, you need to meet the following eligibility criteria:
- Age must be between 21 and 80 years* (*Age should be 80 years at the time of Loan Maturity)
- Must own a business with a minimum vintage of 3 years
Must have a CIBIL score of 650 or higher
How can a woman get a business loan?
Applying for a Bajaj Finance Business Loan for women is easy and hassle-free. Once you meet the eligibility criteria, you need to follow the steps given below:
- Click on 'Apply Online' to open the application form
- Enter your phone number and authenticate with an OTP
- Fill in basic personal and business details
Upload your bank statement for the last 6 months and submit the form
You will then get a call from our representative, who will guide you on further steps. Once your loan application is approved, you will get the funds you need in just 48 hours*.
Is it easy for a woman to get a business loan?
You must have a CIBIL score of 650 or higher to qualify for a Bajaj Finance Business Loan. Once you meet this credit score requirement, you have to fulfil other eligibility parameters and submit a few documents to get funds up to Rs. 80 lakh.
Do you need a minimum credit score to get a small business loan for women?
The balance of trade (BOT) is the difference between a country’s exports and imports over a specific period. A positive BOT indicates a trade surplus, while a negative BOT signifies a trade deficit. It is a critical indicator of a nation’s economic health and global trade standing.
Can a housewife apply for a business loan?
Yes, a housewife can apply for a business loan. Financial institutions do not restrict loans based on gender, and housewives with a strong business plan or a co-applicant (such as a spouse or family member) can avail of loans. Many lenders also offer special schemes for women entrepreneurs, allowing housewives to access funding for starting or expanding a business. It is important to demonstrate the potential for business growth and financial responsibility to secure approval.
What startup business loan options exist for women in India?
Women entrepreneurs in India can access startup funding through bank business loans, MSME loans, Mudra loans, Stand-Up India, and various State Government schemes. Many lenders also offer dedicated loan products for women-owned businesses with competitive interest rates, flexible repayment terms, and reduced collateral requirements.
What loans are available for women entrepreneurs in India?
Women entrepreneurs can apply for business loans under schemes such as Mudra, Stand-Up India, Udyogini, and other bank-specific programmes. Funding may be used for starting, expanding, or modernising a business. Eligibility, loan amounts, and terms vary depending on the lender and scheme selected.
What are the easiest loans available for women today?
Loans with simplified eligibility criteria, such as Mudra loans and certain unsecured MSME loans, are often among the easiest options for eligible women entrepreneurs. Approval depends on factors such as business viability, credit profile, income, and documentation, rather than gender alone.
Can women get a startup loan without any security?
Yes, women entrepreneurs may be able to obtain unsecured startup loans through Mudra loans, certain MSME financing programmes, fintech lenders, and bank schemes. Approval is generally based on the applicant's creditworthiness, business plan, repayment capacity, and compliance with the lender's eligibility requirements.
How to apply for a women's business loan in Assam?
Women in Assam can apply for business loans through banks, Non-Banking Financial Companies (NBFCs), and Government-backed schemes. The process typically involves submitting an application form, identity and address proof, business-related documents, and financial details. Eligibility and documentation requirements vary by lender and scheme.
How to apply for a women's business loan in Hyderabad?
Women entrepreneurs in Hyderabad can apply for business loans through banks, NBFCs, and Government-supported programmes. Applicants generally need to provide KYC documents, business details, financial information, and any additional documents required by the lender. Applications may be submitted online or at a branch, depending on the lender.
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.