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Women entrepreneurs have made their mark in the business landscape, be it in fashion, marketing, technology, education, or any other industry. However, they often have capital requirements. A business loan for women entrepreneurs is designed to fulfill this requirement. It can be used for various purposes, such as purchasing equipment or inventory, launching new products, or hiring personnel. Unlike regular loans, these loans come with relaxed eligibility, competitive interest rates, and collateral-free options, encouraging more women to participate in business.
Tata Capital offers business loans for women in India with lower processing fees, multiple EMI options, and quick approval and disbursal.
Calculate your EMIs with the Tata Capital EMI Calculator and choose the right business loan for women in India.
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We have the following eligibility criteria for a loan for ladies for business:
Your age should be at least 21 years at the time of applying for the business loan and not more than 65 years at the time of the last EMI
Your credit score should be at least 675 or more
Business should be profitable
Minimum 2 years of business stability
Banking balance should be at least Rs. 5,000
Here is the list of documents required for business loan for women to apply with Tata Capital.-
ID proof: Aadhaar card/ Voter ID/ Driving license/ Passport
PAN card
Income proof: Last two years’ ITR, last two years’ audited financials with tax audit report, profit and loss statement for the last two years, balance sheet
Business proof: Registration certificate/ Trade license/ GST registration/ a certified copy of the Sole Proprietorship Declaration or Partnership Deed Agreement.
Current bank account statements and GST statements for the last six months
Business loan for women in India comes with three types of charges, namely general charges, miscellaneous charges, and foreclosure charges. For more details, refer to the tables below:
General Charges
Here is an overview of the general charges applicable:
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate |
Ranging from 12% p.a. to 30% p.a. |
| Processing Fee |
Up to 3% of the loan amount + GST |
| Stamp Duty |
As Applicable |
| Penal Charge |
3% on Overdue amount per month |
Here is a list of the miscellaneous charges levied by Tata Capital for a business loan for women -
| Type of Fee | Applicable Charges |
|---|---|
| Prepayment / Foreclosure Charges |
Foreclosure charges on Term Loan Facility:
Part-Prepayment/ Prepayment/ Foreclosure Charges in Hybrid Term Loan:
|
| Payment Instrument swapping
|
Rs. 550/- |
| Dishonor Charges |
Rs. 600 for every Cheque/ Payment Instrument Dishonor |
| Mandate rejection service charges |
Rs. 450/- (Charges will be levied if the new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the Borrower’s bank for any reason whatsoever.) |
| Annual Maintenance Charges (Hybrid Term Loan) |
First Year: 1% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month Second Year: 0.75% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month Subsequent years: 0.5% or 1000 whichever is higher per year will be deducted from the Facility and shall be payable at the end of the 13th month |
| Document processing charges |
Rs. 1999/- |
| Cancellation charges |
2% of the Facility amount OR Rs. 5750/- Whichever is higher |
| Duplicate Repayment Schedule |
Rs. 550/- |
| Duplicate NOC |
Rs. 550/- |
| Statement of Account (SOA) charges |
Customer portal – Nil Branch walk-in – Rs. 250 /- |
| Foreclosure Letter Charge |
Customer portal – Nil Branch walk-in - Rs. 199/- |
| Post Dated Cheque Charges Rs |
Charges Rs 850 |
| section 138 and section 25 filing |
At Actual |
| Arbitration Filing |
At Actual |
| Receiver Order |
At Actual |
| Notice |
At Actual |
| Legal Notice |
At Actual |
| Lawyer fees |
At Actual |
| Execution of award |
At Actual |
Note:
The table below indicates the list of foreclosure charges involved in Tata Capital business loans for women:
| Type of Fees | Applicable Charges |
|---|---|
| Part-Prepayment/ Prepayment/ Foreclosure Charges. |
Foreclosure charges on Term Loan Facility:
Part-Prepayment/ Prepayment/ Foreclosure Charges in Hybrid Term Loan:
|
| Foreclosure Letter Charge |
|
You can now apply for a loan for women for business using any of the following methods-
You can now apply for a loan for women for business using any of the following methods-
Access to capital: Business loans give women the funds they need to start or expand their ventures. For example, a designer can buy equipment to increase production.
Cash flow support: Ladies’ business loans help manage daily expenses, especially during seasonal fluctuations.
Collateral-free: Business financing for women doesn’t require the pledging of assets. This makes it easier for first-time entrepreneurs to start or expand their ventures.
Quick loan process: Shorter approval times ensure women can act on opportunities, like stocking festive inventory, without delay.
Flexible loan options: Products like cash credit or hybrid term loans help manage working capital, buy equipment, or handle bulk orders smoothly.
Competitive interest rates: Affordable EMIs reduce financial pressure and support steady business growth.
Wide eligibility: Salaried, self-employed, or start-up founders qualify for loans for women to start a business.
Some of the top government and private business loans for women in India are:
Pradhan Mantri Mudra Yojana (PMMY): Women entrepreneurs can get collateral-free loans of up to Rs. 10 lakh in the Shishu, Kishore, and Tarun categories. The interest rates under PMMY typically start from 7.30% p.a.
Stand-Up India Scheme: The scheme offers new business loans for women to start operations in manufacturing, services, or trade. The loan amounts range from Rs. 10 lakh to Rs. 1 crore, with interest rates not exceeding MCLR + 3% + tenor premium.
Stree Shakti Yojana: Women entrepreneurs enrolled in EDPs can avail loans above Rs. 2 lakh with a 0.05% lower interest rate than usual through the Stree Shakti Yojana.
Udyogini Scheme (Karnataka): It is available for women with a family income below Rs. 1.5 lakh. The loans are up to Rs. 3 lakh, often at subsidized or very low interest rates.
Tata Capital business loan for women: Tata Capital offers loans for women to start a business, purchase inventory, run marketing campaigns, hire specialized staff, etc. The loan amounts are up to Rs. 90 lakh for a tenure of up to 60 months.
Lenders allow women to repay their business loans through flexible EMI options. The basic formula to calculate EMI and interest on a woman entrepreneur’s loan is:
EMI = P x r x (1+r) ^n / ((1+r) ^n-1), where P stands for the principal amount, r for the monthly interest rate, and n for the loan tenure in months.
Let’s understand this with a simple example. Suppose you borrow a loan of Rs. 10 lakhs at an annual interest rate of 12% for a period of 3 years (36 months).
EMI = 10,00,000 x 0.01 x (1+0.01) ^36 / ((1+0.01) ^36-1
EMI = Rs. 33,214/-
If you don’t wish to use the complex formula and calculations shared above, you can use Tata Capital’s online business loan EMI calculator to estimate the monthly installments within seconds.
Aspiring women entrepreneurs can avail of a collateral-free business loan for women in India of up to Rs. 90 lakhs with Tata Capital. To avail of a business loan, meet the following eligibility criteria:
You should be at least 21 years old and not more than 65 years old.
The business should be profitable.
Your credit score should be at least 675 or more.
With Tata Capital’s Business loan for women, it is easy for a woman to get a business loan by fulfilling certain simple eligibility criteria. All you need to do is meet the eligibility criteria, fill out the application form, and submit your documents. Once approved, you get a loan of up to Rs. 90 lakhs.
The amount of money offered under a women entrepreneurs loan can vary from one lender to another. At Tata Capital, we offer business loans ranging from Rs 0.40 lakhs to Rs 90 lakhs. You can evaluate the needs of your business and determine a loan amount that suits your purpose optimally.
Here are some documents you need to submit to apply for a women entrepreneurs loan:
KYC (Know Your Customer) documents, such as a copy of your PAN Card, Aadhaar Card, Voter ID Card, Driving License, or Passport
Proof of your business ownership, such as a business registration certificate, trade license, GST (Goods and Services Tax) registration certificate, a certified copy of the partnership deed agreement, sole proprietorship declaration, etc.
Income proof, such as the last two years’ Income Tax Returns (ITRs), computation of income, audited finances with a tax audit report, profit-loss statements, balance sheet audited by a chartered accountant, etc.
Current account bank statements
GST statements for the last six months
No, you do not need collateral to avail of a women entrepreneurs loan. You can apply for the loan and get approval even if you do not have any personal or professional assets to submit as security. This makes the business loan an ideal choice for small and medium-sized businesses that may not have enough financial assets to offer as collateral for a loan.
At Tata Capital, we offer benefits such as affordable interest rates, low processing charges, and multiple EMI (Equated Monthly Installment) options for a business loan for women. Our flexible and customizable business loans ensure that more and more women get the necessary finances to run their businesses on their terms. You can structure your EMIs as per your requirements and get a high-value loan for your business without any collateral.
Yes, you need a minimum credit score of at least 675 or more to avail of a business loan for women. Your loan application may be rejected if you have a lower credit score. Therefore, it is advised to maintain a high credit score before applying for a business loan. You can do this by paying your credit card bills on time, not taking on too many loans at the same time, and being diligent with your overall finances.
Maintaining a high credit score also improves your chances of availing of a business loan at a relatively lower rate of interest.
At Tata Capital, we are committed to offering you a quick and hassle-free approval process to avail of a women entrepreneurs loan. You can expect a prompt turnaround time and swift loan disbursal with minimum delay. We require minimal documentation and offer the option to apply for the loan online, which further cuts down time. You can apply online through our website. You can also call us on our customer care number at 1860 267 6060 between 9 am and 8 pm from Monday to Saturday or apply via our 24/7 virtual assistant TIA anytime. Additionally, you can apply for a Tata Capital loan for women directly from WhatsApp, too.
The entire process is specially designed to make the process of application and disbursal quick and convenient for you.
Yes, you can apply for a business loan for women even if you do not have a co-applicant. However, you must meet the following eligibility criteria:
You should be at least 21 years old at the time of applying for the business loan
You should not be older than 65 years at the time of the last EMI
You should have a credit score of at least 675 or more
Your business should be profitable
Your business should be active and stable for a minimum of two years
You should have a banking balance of at least Rs. 5000
Yes, you can apply for a women entrepreneurs loan if you have a part-time business. However, make sure your business qualifies for the following criteria:
The part-time business should be profitable
The part-time business should be active and stable for a minimum of two years
The part-time business should have a banking balance of at least Rs. 5000
In addition to this, you must also meet the following conditions:
You should be at least 21 years old at the time of applying for the business loan
You should not be older than 65 years at the time of the last EMI (Equated Monthly Installment)
You should have a credit score of at least 675 or more
Women entrepreneurs in India often face challenges of gender bias, pressure of societal expectations, and economic hurdles when launching their businesses. There is usually a lack of financial support for women, making it challenging for them to boost their business.
To get a business loan, the minimum CIBIL requirements can differ from one lender to another. With Tata Capital, you should have a CIBIL score of at least 675 or more to be eligible for the business loan.
The facility to renew your business loan after full repayment differs from one lender to another. You can contact the loan experts at Tata Capital to learn about loan renewal.
Several government schemes support women entrepreneurs, such as MUDRA, Stand-Up India, Stree Shakti Yojana, and Udyogini. These schemes offer collateral-free loans, interest rate concessions, and subsidies to make credit more accessible and affordable for women-led businesses across various sectors.
Yes, a housewife can apply for a business loan if she has a clear business plan, basic income proof, or alternative income sources. Many lenders and government schemes provide relaxed eligibility, allowing homemakers to start small businesses with minimal documentation and collateral-free funding.
Depending on the lender and document completeness, the processing time for a women entrepreneur business loan is 24 to 72 hours. Many financial institutions offer faster approval for women-centric loans, especially when applications include proper KYC, bank statements, and business details, ensuring quick access to funds.
Co-applicants are not necessary for women business loans. However, adding a co-applicant with a stable income or good credit report can improve eligibility, increase loan amounts, and help secure better terms. Women can apply independently if they meet the lender’s criteria.
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