Women entrepreneurs are transforming the business world with their success. They have consistently shown that they can turn an idea into a successful business by managing operations effectively. However, like any other business, women-owned businesses also need continuous capital to ensure smooth operations. One of the best ways to meet these capital needs is through small business loans for women.
Features and benefits
-
Hassle-free funding
We offer easy and quick small business loans of up to Rs. 80 lakh at affordable interest rates without any collateral.
-
Flexi facility
Pay interest-only EMIs for the initial tenor and lower your EMIs by up to 45%* to manage your cash flow better.
-
Repay over 8 years
Pay off the loan in affordable monthly installments 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 Finserv 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. You can even opt to pay interest-only EMIs to reduce your monthly outgo by 45%* and maintain a healthy business cash flow.
Business Loan Schemes for Women
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
§ Kishor: Rs.50,000 - Rs.10 Lakhs
§ Tarun: Rs.10 Lakhs - Rs.10 Lakh - Interest Rates: Deregulated, banks charge reasonable rates within RBI guidelines
- Beneficiaries: Everyone
- Link: Pradhan Mantri MUDRA Yojana (PMMY)
3. Udyogini Scheme
- Loan Amount: Up to Rs.3 Lakh
- Interest Rates: Competitive, subsidized, 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 Finserv Business Loan for Women
- Loan Amount: Up to Rs.30 Lakh
- Interest Rates: Starting at 17% p.a.
- Beneficiaries: Women entrepreneurs across sectors
- Link: Bajaj Finserv Business Loan page
Eligibility criteria and documents required
-
Nationality
Resident Indian citizen
-
Age
24 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
685 or higher
Keep these documents ready:
- KYC documents
- Profit and loss statements and balance sheets of the last 2 years
- Proof of business ownership
Interest rate and fees applicable
Get a competitive and attractive interest rate on our business loans for women. Our loans help you borrow funds to grow your business affordably.
How to apply
Applying for our loan is a simple process that requires you to start by filling out an easy application form. Follow these steps:
- 1 Click on 'APPLY ONLINE’ to open the application form
- 2 Enter your name and phone number to get the OTP
- 3 Share your basic personal and business details
- 4 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.
Frequently asked questions
Aspiring women entrepreneurs can get a collateral-free business loan of up to Rs. 80 lakh from Bajaj Finserv. To qualify for the funding, you need to meet the following eligibility criteria:
- Age must be between 24 and 80 years* (*Age should be80 years at the time of Loan Maturity)
- Must own a business with a minimum vintage of 3 years
- Must have a CIBIL score of 685 or higher
Applying for a Bajaj Finserv 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*.
With the Bajaj Finserv Business Loan, it is convenient to get a high-value loan by fulfilling some simple eligibility criteria. All you need to do is meet the eligibility requirements, fill in the online application form, and submit a few documents. Once approved, you can get a collateral-free loan of up to Rs. 80 lakh.
You must have a CIBIL score of 685 or higher to qualify for a Bajaj Finserv 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.
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.
