Business Loans for Women
Women entrepreneurs have excelled and achieved in corporate and business sphere. However, it has never been easy for women entrepreneurs to start and grow their business. They have the expertise and zeal to work hard but find it difficult to arrange for the finances. Realizing the importance of women in the country's economic growth, the government of India promotes various schemes to promote women entrepreneurs. Most of this support is provided in the form of low-interest loans or grants.
Many financial institutions offer lower interest rates on business loans for women with flexible repayment schemes. Even women in MSME (Micro, Small and Medium Enterprises) can avail loans (MSME Loan) to fund their business expenses and growth. Women-owned businesses not only help the women become economically independent but also, create endless job opportunities for others.
Eligibility & Documents Required
Women applying for business loans need to make sure that they meet the eligibility requirements below:
Also make sure that you have all the relevant supporting documents listed below before you apply.
What are the Business Loan Interest Rates?
We charge interest rates in the range 18-24% based on factors such as borrower's credit rating, prime lending rate, loan tenure, monthly revenues and competitors of your business. We provide business loans for women up to a maximum of 50 lakhs without any collateral or guarantee. Here is a list of the processing fees and charges.
Why Tata Capital?
If you're looking for easy, hassle-free business loans for women that offer you complete transparency and convenient repayment options, opt for Tata Capital loans. We don't ask for collaterals or guarantors on our business loans for women, making it a preferred choice for women entrepreneurs. We provide multiple benefits to our customers such as:
Q: What is the maximum business loan you are eligible for?
A: You can avail up to a maximum of 50 lakhs without any collateral or guarantee.
Q: How much Business Loan EMI do I need to pay?
A: You can use our Business Loan EMI calculator to calculate the EMI you want to pay based on your convenience.
Q: How to apply for a Business Loan for women?
A: You can apply for our business loans in 3 easy steps:
Q: How much time does it take to get approved?
A: Once we receive a completed form and the relevant documents, our business loans are usually disbursed in 3 days.