Business Loan For Women

Business Loan for Women

Loan up to 30 Lakhs | Attractive Interest Rate | Zero Foreclosure Charges

Instant Business Loan for Women without Collateral

Easy Online Application Process | MSME Friendly | Minimum Requirements | Flexible Tenure

India is witnessing an influx of increasing numbers of women in businesses. Small businesses are turning bigger, and humble ideas are transforming into brands. Women are accomplishing the unexpected. Poonawalla Fincorp is thrilled to contribute to this drive of women empowerment with exclusive loans for businesswomen. You can avail of this loan facility to give your business the financing edge it requires to overcome funding obstacles and reach new milestones.

Women are making their mark in different spheres and industries through entrepreneurship. If you are a woman, this is a great time to have an enterprise of your own! And, on this path to success, you mayencounter hurdles that you can cross only with instant, hassle-free, and affordable funding facilities. Poonawalla Fincorp is a trusted name in this regard that aims to empower your business and offer you customized funding solutions with flexible repayment terms. Moreover, the easy application process, minimal documentation requirements, and quick disbursal process of these loans are addressing the time-efficiency needed by women in business.

Women Business Loans in India can be availed for,

  • Small-Sized Businesses
  • Medium-Sized Businesses

A Business Loan allows you to chase your dream and nourish your business ideas without worrying about any capital requirements. You can use the funds sanctioned through small business loans for women for a host of reasons that can help your business flourish:

  • Expand your scale of operations
  • Diversify your business
  • Unravel new growth opportunities
  • Upgrade your current business format and set-up
  • Match up to additional staffing requirements
  • Upgrade your machinery, software,and equipment
  • Increase your working capital reserves to meet increasing output requirements

At Poonawalla Fincorp, we know the importance of having timely funds at low rates. It can work wonders for your business. And that is why we offer customized funding solutions to meet every financing need that may arise from your business.

The Top Features of the Poonawalla Fincorp Business Loan for Women:

  • Minimal eligibility criteria and documentation requirements
  • Loan amount up to ₹30 Lakhs
  • Quick loan approval and disbursal process
  • Easy online loan application procedure
  • Attractive and affordable interest rates
  • No foreclosure and other hidden charges
  • No collateral requirements against the loan
  • Flexible repayment tenure of up to 36 months

One of the key aspects of Poonawalla Fincorp’s loan is its minimal threshold criteriaof business loan eligibility 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 women as possible. We have seta basic standard so that you can secure our loanwithout running from pillar to post. You can easily qualify for this loan by meeting the below-listed criteria:

  • Age
  • Annual Business Turnover
  • Work Experience

You can know more about our eligibility criteria to availof a Business Loan for Women by visiting our official webpage or contacting our support team.

We understand that your time is important, and you are not looking for the inconvenience of unnecessary hassles. Hence, we have kept our documentation requirements minimal too. They are in sync with our eligibility criteria so that the time between your loan application and the loan amount disbursal is the least. You need to submit the following documents to avail of a Business Loan for Women:

  • KYC Information
  • Business-Related Documents
  • Financial Documents

You can know about the documentation required to avail of a Business Loan for Women in detail by visiting our official webpage or contacting our Support team.

The Process to Apply for a Business Loan

Poonawalla Fincorp has drafted a straightforward and short process to apply for a Business Loan.

  • 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: Submit all the required documents.
  • Step 3: Wait for your documents to be verified.
  • Step 4: After verification, your loan amount will be processed.
  • Step 5: Your loan will be credited to your bank account.

What does a business loan for women mean? What are the advantages of availing of such loan capital?
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, etc. The low interest rate of business loans for women is another attractive feature.

How can I get a business loan for women with Poonawalla Fincorp?
You can apply for loans to meet the small and medium-sized business requirements through the online or offline process. Both the application processes are relatively simple. Remember to keep the required documentation handy before you initiate the loan application so that your loan processing is quick, and you can instantly get your loan approved and disbursed.

Can I get an MSME business loan for women if my business is new?
No, we do not offer such loans to new businesses. To qualify for a business loan for women, you need to meet the eligibility criteria. It includes having an annual business turnover of at least ₹20 lakhs. Besides that, your business should be running for a minimum of three years to qualify for the financing.

What are the advantages of taking an unsecured online women’sbusiness loan?
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, their loan processing time is relatively quick, and you can avail of them easily.

How easy is it to avail of such business loans in India?
It is very easy to avail of such business loans in India. Many financial institutions offer such loans to women. Poonawalla Fincorp is a new-age financial institute that provides business loansfor women at affordable interest rates and with many other attractive features. Their loan application process is hassle-free and quick, which translates into a faster turnaround time.

*Terms & Conditions Apply

Interest Rate

APR ranging from 15% to 26% | One-time Processing Fee up to 2% plus taxes.

Repayment

Flexible repayment tenure from 1 year to 3 years with pre-payment charges of 5% on principal outstanding plus applicable taxes.

Example

Loan Amount Rs.10 lakh, Interest Rate: 15%, Tenure: 3 years, equates to EMI of Rs. 34,665 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

Apply for Business Loan Online in 5 Easy Steps Arrow Logo

Semi Circle Logo
Laptop Logo
Apply
Online

Apply Online

Visit the application form and fill in the details.

Semi Circle Logo
Document Required Logo
Submit
Documents

Submit Documents

Provide your KYC and Income documents.

Semi Circle Logo
Verfied Logo
Verification

Verification

The application is then processed for loan verification

Semi Circle Logo
timer logo
Quick
Approval

Quick Approval

Get your loan approval in quick TAT

Semi Circle Logo
Payment Confirmation logo
Instant
Disbursed

Instant Disbursed

That’s it! Loan is credited in your bank account.

Explore Types of our Business Loan Arrow Logo

Related Products for you Arrow Logo

Insightful Blogs Arrow Logo

Cash Flows
How to manage cash flow in business?

The key to a sustainable business is its financial and cash flow management! Your working capital helps you define a realistic business growth plan, goals and grab the opportunities on your way. Whether you want to scale up the operations, expand the existing structure, purchase state-of-the-art machines and equipment, or need help in maintaining your day-to-day capital, cash flows management plays a crucial rule for all of them.

Loan Against Property
Advantages of Loan Against Property

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

Contact Us logo Quick Apply Apply Now logo Apply Now