Online Business Loan for Women Entrepreneurs
India's small and medium business sector is expanding at a breakneck pace and witnessing an increasing influx of women in business. Small businesses are turning bigger, and humble ideas are transforming into brands as women continue to lead this sector with their success stories.
Women entrepreneurs have traditionally had a difficult time obtaining company financing due to a variety of social stigmas. However, recent advancements in business finance assistance is helping them obtain Business Loans more conveniently.
Women are making their mark in different spheres and industries through entrepreneurship and we at Poonawalla Fincorp are thrilled to contribute to this spirit of women empowerment with exclusive Business Loans for businesswomen. You can easily apply for a Women Entrepreneurs’ Business Loan to give your company the financing edge it requires to overcome funding obstacles and reach new milestones.
This is your chance to invest in your enterprise! As you navigate through the path towards success, allow us to support you through any financial hurdles with instant, hassle-free, and easy to apply loan facility.
Poonawalla Fincorp is a trusted name in this regard that aims to empower your business and offer you personalized funding solutions with flexible repayment options. Moreover, the easy application process, minimal documentation requirements, and quick disbursal facility of these loans are addressing the efficiency needed in the industry.
You can avail Business Loan for Women Entrepreneurs in India for:
- Small-sized Businesses
- Medium-sized Businesses
Business Loan EMI Calculator for Women
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EMI Amount = *
Business Loan Interest Rates for Women
| Types of fee | Applicable Charges |
| Rate of interest | 15% to 28% p.a.* |
| Processing fees | Up to 3% plus applicable taxes |
| Bounce charges | ₹1,000 per bounce plus applicable taxes |
| Late Payment Charges | 3% per month |
| Loan Amount | ₹1 Lakh to ₹50 Lakhs |
| Lowest EMI per month | Starting from ₹3,467* per Lakh for 36 months |
| Loan Tenure | 6 - 36 months |
| Prepayment/Foreclosure Charges | Zero* |
| Stamp Duty | At actuals (as per state) |
| Penal Interest | 3% monthly on the defaulted EMI amount |
Eligibility Criteria to Avail of a Business Loan for Women
One of the key aspects at Poonawalla Fincorp is its simple eligibility criteria for availing a Business Loan for women. This screening process forms an integral part of our loan processing system. It is designed in such a way that we can reach out with financial assistance to as many eligible women as possible. We have set the basic standards so you can secure a loan without running from pillar to post. You can easily qualify for this loan by meeting the below-listed criteria:
Age
24 and 65 years
Business Vintage
Minimum two years
Annual turnover
Minimum ₹6 Lakh
Please note that the above-mentioned eligibility criteria are indicative in nature and more information can be asked by Poonawalla Fincorp team during loan processing as per policy.
You can find out more about our eligibility criteria for the Women Entrepreneurs Loan by visiting our official webpage or contacting our support team.
Documentation Required to Avail of a Business Loan for Women
We understand the importance of time and aware about the fact that your time is important too, Hence, we have kept our documentation requirements minimal and loan application process simple. These documents are in sync with our eligibility criteria, resulting into faster loan processing at our end. You may need to submit the following documents to avail of a Business Loan for Women:
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KYC documents
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Business-related documents
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Financial documents
Note: This list of documents is indicative. We may ask for some additional documents during loan processing.
You can learn more about the required documentation to avail of a Business Loan for Women in detail by visiting our official webpage or contacting our support team.
Features and Benefits of Business Loan for Women
At Poonawalla Fincorp, we know the importance of having timely funds at low interest rates. It can work wonders for your business, which is why we offer customized funding solutions to meet every financing need that may arise for your business.
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Simple eligibility criteria
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Minimal documentation
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Loan amount available up to ₹50 Lakh
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Quick approval and fast disbursals
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Easy to apply online loan application process
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Attractive and affordable interest rates
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No collateral required against the loan
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Flexible repayment tenure of up to 36 months
Reasons to Apply for a Business Loan for Women
A Business Loan allows you to chase your dream and expand your business ideas without worrying about any financial requirements. Several top banking and financial organizations are now offering Business Loans for Women to support their entrepreneurship spirit. Furthermore, these loans do not require women to pledge any collateral.
You can use the funds sanctioned through Business Loans for a lot of reasons that can help your business flourish:
- Expand the scale of operations
- Diversify your business across various sectors
- Upgrade your current business format and set-up
- Match up to the additional staffing requirements
- Upgrade your machinery, software, equipment, etc.
- Increase working capital reserves to meet increasing output requirements
Apply for Instant Business Loan for Women within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions about Online Business Loan for Women
Poonawalla Fincorp has drafted a simple and short process to apply for Business Loans for Women:
- Step 1: Click on the 'Apply Now' button on Poonawalla Fincorp's website. Select 'Business Loan' from a list of loans you can apply for and fill out the application form.
- Step 2: Wait for your application to be verified.
- Step 3: After verification, a Poonawalla Fincorp representative will contact you for processing of your loan.
- Step 4: Your loan will be credited to your bank account.
A Business Loan for Women is a collateral-free loan product that can be availed only by women for meeting expenses related to their business(es). These are multi-sanctioned loans with flexible repayment terms and several other advantages like easy processing, instant disbursal facility, etc. The low-interest rate of Business Loans for women is another attractive feature.
You can apply for loans to meet small and medium-sized business requirements online or offline. Both application processes are relatively simple. Remember to keep the required documents handy before you initiate the loan application process so that your loan processing is quick, and you can instantly get your loan approved and disbursed.
No, unfortunately, we do not offer such loans to new businesses. To qualify for a Business Loan for Women, you need to meet the minimum eligibility criteria that include having an annual business turnover of at least ₹6 Lakh. Besides that, your business should be operational for a minimum of two years to qualify for Business Loan financing.
Unsecured loans are loans granted without any collateral. A notable benefit of taking such a loan is that your business assets stay safe, as you do not need to keep any of them as collateral. Moreover, since unsecured Business Loans involve lesser paperwork, the loan processing time is relatively quick, and you can avail the loan easily.
It is very easy to avail Small Business Loans for Women in India. Many leading banks and financial institutions offer such loans to women. Poonawalla Fincorp is a new-age financial institution that provides Small Business Loans for Women Entrepreneurs at affordable interest rates and additional attractive features. Our loan application process is hassle-free and quick, which translates into a faster turnaround time.
*Terms & Conditions Apply
