What documents are required to obtain a business loan for women?

Here are some documents you need to submit to apply for awomen entrepreneurs loan: KYC (Know Your Customer) documents, such as a copy of your PAN Card, Aadhaar Card, Voter ID Card, Driving License, or PassportProof of your business ownership, such as a business registration certificate, trade license, GST (Goods and Service Tax) registration certificate, a certified copy of the partnership deed agreement, sole proprietorship declaration, etc.Income proof, such as thelast 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 statementsGST statements for the last six months

Can women entrepreneurs apply for a business loan for women without a co-applicant?

Yes, you can apply for abusiness loan for womeneven if you do not have a co-applicant. However, you must meet the following eligibility criteria:You should be at 21 years old at the time of applying for the business loanYou should not be older than 65 years at the time of the last EMIYou should have a credit score of at least 650 or moreYour business should be profitableYour business should be active and stable for a minimum of two yearsYou should have a banking balance of at least Rs. 5000

Can women entrepreneurs apply for a women entrepreneurs loan if they have a part-time business?

Yes, you can apply for awomen entrepreneurs loanif you have a part-time business. However, make sure your business qualifies for the following criteria:The part-time business should be profitableThe part-time business should be active and stable for a minimum of two yearsThe part-time business should have a banking balance of at least Rs. 5000In addition to this, you must also meet the following conditions:You should be at 21 years old at the time of applying for the business loanYou 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 650 or more

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Business Loan for Women

What is a Business Loan for Women?

A business loan is typically meant to provide finances to a person or organization to help them grow their business.

Just like that, our women entrepreneurs loan is also exclusively meant for women to fulfill their financial needs for running or establishing their ventures. Our business loan for women comes with benefits like affordable interest rates, lower processing charges, and multiple EMI options.

Product Offerings

Loan Amount

We are offering a loan amount of Rs 0.40 Lac to Rs. 90 lakhs as a startup business loan for women to meet all kinds of business requirements

Loan Tenure

With a repayment tenure range of 12 months to 60 months for a business loan for women, you are free to plan and pursue your business goals

Rate of Interest 

Self-Employed Non-Professional: 15%-25%, Self-Employed Doctors: 12.00%-15.00%, Self-Employed Professional Other than Doctors: 13.00%-17.50%

Customized Product Offering

We understand that every business has its own needs, so we have customized offerings and options for women entrepreneurs loan

Zero Securities

We do not ask you to deposit collaterals or securities for availing a loan for women for business

Structured EMIs

You can structure your EMIs in a way that best fits your budget

Easy Eligibility

We believe in your dreams and aspirations, so we will go the extra mile to get you the ideal business loan for women that suits you best

Features & Advantages

With us, you can avail of the following benefits that we offer, along with a loan for ladies for business:

Secure Your Business Finances

We understand a woman entrepreneur’s passion to innovate, expand, and grow in unexplored markets, so we don’t let finances stand in the way. When you avail of a business loan for women, you are not only getting money, but you’re getting a women empowerment loan to make important business decisions

Serve Your Everyday Needs

You can also remain worry-free about your day-to-to needs to keep the business afloat

No Collateral Requirement

When availing of a business loan for women from Tata capital, we do not usually ask you to submit any securities. Our loans for women to start business are easy to avail of through a simple process

What are the Eligibility Criteria for a Business Loan for Women?

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 650 or more

Business should be profitable

Minimum 2 years business stability

Banking balance should be at least Rs. 5000

What are the Applicable Interest Rates for Business Loan for Women?

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 appliable:

Type of Fees	Applicable Charges
Interest Rate	Self-Employed Non-Professional: 15%-25%, Self-Employed Doctors: 12.00%-15.00%, Self-Employed Professional Other than Doctors: 13.00%-17.50%
Processing Fee	2.50% of the loan amount + GST
Stamp Duty	As Applicable
Penal/Additional Interest Rate	3% on Overdue amount per month + GST

Interest Rate - This is the rate at which the interest on your business loan would be calculated. This rate is commonly known as the interest rate of a business loan for women
Processing Fee - This is a one-time and non-refundable fee that the applicant needs to pay at the time of processing a business loan for women
Penal Interest/Additional Interest - This is the rate of interest that gets charged over and above the existing interest rate as a result of delayed EMI payments of a business loan for ladies. The borrower will have an obligation to pay delayed monthly installments inclusive of this additional interest amount

Miscellaneous Charges

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:
**4.5% on the principal outstanding at the time of foreclosure + Applicable Taxes

No foreclosure is allowed in first 9 months.6.5% charges if foreclosed within 9 months

Foreclosure charges on Top Up:
2.25% on the principal outstanding at the time of foreclosure + GST

Foreclosure charges shall be levied only if new rate is lower than existing rate.

**Foreclosure Charges in Dropline Facility:
4.5% on the Dropped down limit amount + Applicable taxes

No foreclosure is allowed in first 9 months.6.5%charges if foreclosed within 9 months

Processing Charges

As Applicable

Payment Instrument swapping

Rs. 550/-

Dishonour Charges

Rs 600 for every Cheque/ Payment Instrument Dishonor

Mandate rejection service charges

Rs. 450/-

(Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by Borrower’s bank for any reasons whatsoever.)

Annual Maintenance Charges (Dropline facility)

First Year: 0.75% or 1000 whichever is higher per year will be deducted from the limit and shall be payable at the end of the 13th month

Subsequent Years: 0.50% or 1000 whichever is higher per year will be deducted from the limit 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)

Customer portal – Nil

Branch walk in – Rs. 250 /-+ GST

Foreclosure Letter Charge

Customer portal – Nil

Branch walk in - Rs 199/- +GST

Post Dated Cheque Charges Rs

Charges Rs 850+GST

section 138 and section 25 filing

Rs. 3400/-

Arbitration Filing

Rs. 4000/-

Receiver Order

District Court: Rs. 4000/- and High court: Rs. 13,500/-

Notice

Rs. 125/-

Legal Notice

Rs. 300/-

Lawyer fees

(at actuals)

Execution of award

Rs. 5600/-

Note: (GST, other government taxes and levies as applicable, will be levied on all fees and charges.)

Bounce Charges - If your EMI payment gets bounced, your lender will levy a bounce charge. It usually occurs when you miss an EMI payment due to a lack of sufficient funds in your bank account
Mandate Rejection Service Charge - If you reject any of the services provided by your lender, then a mandate rejection service charge gets levied
CCOD Annual Maintenance Charges - If you have chosen a flexible funding option for your women empowerment loan, such as Cash Credit or Overdraft, the maintenance service of your Overdraft account will be charged with a fee called CCOD Annual maintenance charges
Document Processing Charges - Verification of startup business loan for women involves several stages, such as loan agreement, indexing, etc. The lender levies a charge on the processing of such documents. This charge is known as document processing fees. 
Outstation Collection Charges - Outstation cheques that have been issued to a non-local branch will accompany outstation collection charges levied on the collection of such cheques for EMI payments
Statement of Accounts - A bank statement is a list of all transactions made through your bank account for any given period. Your lender will charge an SOA fee for the hard copy of bank accounts; however, the soft copies do not incur any charges
Loan Cancellation Charges - Cancellation of a loan for women for business after the loan disbursal process will accompany loan cancellation charges
Instrument Swap Charges - Exchanging or swapping business loan liabilities or cash flow between two loan instruments incurs instrument swap charges
Duplicate Repayment Schedule - Receiving a duplicate of your loan amortization schedule will accompany a certain fee. The fee is only applicable for a hard copy, while the soft copy can be issued for free
Duplicate NOC - To issue a duplicate of the No Objection Certificate, for whatever reasons, the borrower will need to pay the lender a certain fee
Post-Dated Cheque Charges - Payments made using post-dated cheques (cheques in which the date mentioned is after the date on which it was drawn) will be accompanied by post-dated cheque charges

Foreclosure Charges

The table below indicates the list of foreclosure charges involved in Tata Capital business loans for women:

Type of Fees	Applicable Charges
Foreclosure Charges	4.5% on the future Principal outstanding on the existing loan + GST No foreclosure allowed for the first nine months
Foreclosure Charges for Top-up	2.25% on the future Principal outstanding on the existing + GST Foreclosure charges shall be levied only if the new rate is lower than the existing rate
Foreclosure Charges in CCOD Cases	4.5% on the Dropped Down limit amount + GST No foreclosure is allowed for the first nine months
Foreclosure Letter Charge	Soft Copy – Nil Branch Walk-In – Rs. 199 + GST

The following types of foreclosure charges can be applicable for a loan for women for business-

Foreclosure Charges - In the instance of loan pre-payment, either in part or in full, certain charges are levied, which are known as foreclosure charges. These charges are not applicable on loans taken with floating interest rates
Foreclosure Charges for Top-Up - The charges levied at the time of pre-payment of loan top-up when taken over and above the existing loan, are known as foreclosure charges for a top-up
Foreclosure Charges on CCOD Cases - The charges are levied on the pre-payment, whether in part or in full, of loans taken under flexible funding options such as Cash Credit or Overdraft.
Foreclosure Letter Charge - Your lender will issue a foreclosure notice or letter to notify you of missed EMI payments. The issuance of such a letter accompanies foreclosure letter charges.

How to Apply for a Tata Capital Business Loan for Women ?

You can now apply for availing a loan for women for business using any of the following four methods-

Branch

You are welcome to physically visit any of our nearby branches, and one of our executives will guide you through the entire process

Locate a Branch

How to Apply for a Tata Capital Business Loan for Women ?

You can now apply for availing a loan for women for business using any of the following four methods-

Online

Apply online through our website and have your loan approved almost instantly 

Apply Now

Virtual Assistant

You can apply via our 24/7 virtual assistant TIA at any time convenient to you

Phone Call

You can call us on our customer care number at 1860 267 6060 between 9 am to 8 pm on Monday to Saturday. You can also request a callback

Request a call back

Avail TATA Capital loans directly from WhatsApp

Apply via WhatsApp

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Popular FAQs

An NBFC (Non-Banking Financial Company) can offer many advantages to entrepreneurs, such as the following:

NBFCs offer easy access to loans that are tailored to the requirements of women entrepreneurs

NBFCs provide collateral-free loans that can help budding and established business women pave the way for success

NBFCs may offer special loan deals, reduced interest rates, and extended repayment periods from time to time to help women entrepreneurs secure loans at favorable terms

NBFCs can help women customize loan terms and repayment schedules to suit their financial obligations

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 Service 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 650 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 minimum 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 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 650 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 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 650 or more

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MSMEs are the second-largest employer in India after the agriculture sector.

To help these MSMEs grow and flourish without being affected by financial hurdles, Tata Capital offers MSME loans or SME loans at competitive interest rates.

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If you’re unsure of the total loan amount that you may need for your business, you can avail of a business loan overdraft facility or an overdraft business loan.

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Business Loan for Women

What is a Business Loan for Women?

Product Offerings

Loan Amount

Loan Tenure

Rate of Interest

Customized Product Offering

Zero Securities

Structured EMIs

Easy Eligibility

Features & Advantages

Secure Your Business Finances

Serve Your Everyday Needs

No Collateral Requirement

What are the Eligibility Criteria for a Business Loan for Women?

What are the Applicable Interest Rates for Business Loan for Women?

Miscellaneous Charges

Foreclosure Charges

How to Apply for a Tata Capital Business Loan for Women ?

How to Apply for a Tata Capital Business Loan for Women ?

Branch

How to Apply for a Tata Capital Business Loan for Women ?

Online

Virtual Assistant

Phone Call

Avail TATA Capital loans directly from WhatsApp

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Business Loan for women

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