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Business Loans For Women

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Small Business Loan for Women Entrepreneurs

Women are a rapidly growing section of business owners, with unique financial needs.

Bajaj Finserv presents small business loans for women at nominal interest rates, with easy eligibility criteria and quick approval.
 

Business Loans for Women: Features & 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 entrepreneur 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. These high-value loans offer the ideal financial option to meet unexpected expenditures, with approval in as little as 24 hours*.

  • loan against property emi calculator

    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%*.

  • mortgage loan interest rates

    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

    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.

  • Education loan scheme

    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 and required documents

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 a residing citizen of India aged 25 to 65 years
  • You must have a business with a minimum vintage of 3 years
  • You must have filed ITR for your business for at least 1 year
  • Your CIBIL score must be 750 or higher
 

Documents required for business loans for women

  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, you can submit documents such as utility bills, ration card, lease agreement, etc. as address proof.
  • Financial documents: You have to submit your bank account statements for the last six months, a copy of ITR filed for at least one year, 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. Further, 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 18% 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 Up to Rs. 3000 (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 loan for women Entrepreneurs?

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

Business Loan for Women

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