Get Collateral-Free Business Loan for Women
Join the ever-growing community of female entrepreneurs with a Business Loan for women from Poonawalla Fincorp. Get up to ₹75 Lakh at ZERO collateral! Expand your business and take your entrepreneurial idea to a bigger landscape with the financial assistance you need to navigate through your journey to success.
Poonawalla Fincorp is a trusted name that aims to empower women entrepreneurs by offering personalised funding solutions with flexible EMI options. Enjoy an easy application process, minimal documentation, and quick disbursals. Apply now!
Business Loan EMI Calculator for Women
-
EMI Amount = *
Business Loan for Women Interest Rates
Poonawalla Fincorp offers Business Loan for women at competitive interest rates and minimal processing fees and other charges as mentioned below:
| Types of fee | Applicable Fee |
| Interest Rate | 15% to 28% p.a.* |
| Processing fees | Up to 3% plus applicable taxes |
| Bounce charges | ₹500 per bounce plus applicable taxes |
| Default Interest | 2% per month |
| Loan Amount | ₹5 lakh to ₹75 Lakhs |
| Lowest EMI per month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Prepayment/Foreclosure Charges | 5% on principle outstanding plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Penal Interest | 2% 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
Business tenure
Annual turnover
- Age: Between 24 and 65 years.
- Business tenure: A minimum of 2 years business vintage.
- Annual turnover: At least ₹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.
Documents Required
Our documentation is minimal so that you can get the maximum benefit of this loan:
-
KYC documents
-
Financial paperwork
-
Business-related paperwork
- KYC documents: Business and director PAN Card/Aadhaar Card/Voter ID/Driving Licence/Passport
- Financial paperwork: Bank account statement for the past 6 months.
- Business-related paperwork: Utility bills and rent agreement.
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 Loans for Women
For businesses to thrive, having timely funds at attractive interest rates is essential. We offer customised funding solutions to meet every financing need that may arise for your business:
-
Simple eligibility criteria
-
Minimal documentation
-
Loan amount available up to ₹75 Lakh
-
Quick approval and fast disbursals
-
Easy to apply online loan application process
-
Attractive and affordable interest rates
-
No collateral required against the loan
-
Flexible repayment tenure of up to 48 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 funding. We offer loans to women who want financial support to grow their businesses. You can use this loan for many 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
How to Apply for a Business Loan for Women
- Step 1: Click on ‘Apply Now’
- Step 2: Select ‘Business Loan’
- Step 3: Fill out the details on the application form
- Step 4: Upload all supporting documents
After verification, our representative will get in touch with you to process your application. The loan will be disbursed to your account once verification is complete.
Frequently Asked Questions
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 other benefits like easy processing, instant disbursal facility, etc. The competitive interest rate of Business Loans for women is another attractive feature.
You can apply for small and medium business loans easily online or offline with Poonawalla Fincorp. Follow the below steps:
- Step 1 : Click on ‘Apply Now’
- Step 2 : Select ‘Business Loan’
- Step 3 : Fill out the details on the application form
- Step 4 : Upload all supporting documents /li>
The loan will be disbursed to your account once verification is complete.
A Business Loan for Women with Poonawalla Fincorp offers zero collateral, flexible EMIs, easy processing, immediate disbursement and competitive interest rates.
No, unfortunately, we do not offer such loans to new businesses. To qualify for a Business Loan for Women, you must meet the minimum eligibility criteria, including having an annual business turnover of at least ₹6 Lakh. Besides that, your business should be operational for at least two years to qualify for Business Loan financing.
Getting a Small Business Loan for women in India is easy. Leading institutions like Poonawalla Fincorp offer hassle-free and quick loans at competitive interest rates and attractive features.
*Terms & Conditions Apply
