Business Loans for Women

Business Loans for Women: Digital Loan Up To 2 Cr

You hear that women are the pillar of our society. It’s true. Women can easily manage a family with their salary. Also, save money for urgent expenses. So, Women can be a good business woman also.

We come with some banks that are offering up to 2 crore business loans for women. Take a loan for your business expenses with 10.65% to 36% p.a.

Top Lenders Provide Business Loans for Women

LendersInterest Rate(P.A.)Loan AmountTenure
IIFL11.25% to 33.75%Rs. 30,000 to Rs. 30 lakh1 year to 3 years Apply Now
U GRO9% to 36%Rs. 10 lakh to Rs. 50 lakh1 year to 7 years Apply Now
Bandhan Bank10.60% to 17.26%Rs. 1 lakh to Rs. 10 lakhUp To 7 years Apply Now
Neo Growth19% to 24%Rs. 50,000 to Rs. 75 lakh1 year to 3 years Apply Now
LendingKart12% to 46.5%Rs. 50,000 to Rs. 2 crore1 year to 3 years Apply Now

IIFL Business Loan

IIFL is a popular lender that provides up to Rs. 30 lakh loans. As a business woman, you will get the IIFL business loan within 5 days. IIFL is a very convenient & trusted lender. Require less documentation process for IIFL loan.

Features of IIFL Business Loan

  • Simple documents process
  • Applicants may get up to Rs. 30 lakhs with a 675+ credit score
  • The loan process is too much faster
  • Get loan approval within 30 minutes
  • IIFL is a digital loan process
  • Get long repayment tenure of up to 5 years

U GRO Business Loan

Business loan for women is easy with U GRO finance. U GRO is offering loans for Micro, Small & Medium Enterprise. You can take up to Rs. 50 lakhs business loan from U GRO. The interest rate is flexible with 3 years loan tenure.

Features of U GRO Business Loan

  • U GRO loan is available for different industries.
  • The popular NBFC company with the best interest rate
  • Apply for a higher loan amount with fewer documents
  • A woman with a zero credit score can apply to U GRO

Bandhan Bank Business Loan

Most women know about Bandhan Bank because of group loan features. If you are an old customer of Bandhan Bank, you may get the loan faster. Also, entrepreneur women can take the Bandhan Bank business loan with proper documents.

As you know, Bandhan Bank mainly focuses loan approval process for business women. The minimized documents process with the collateral-free loan. The minimum Rs. 1 lakh to Rs. 10 lakhs loan is available through Bandhan Bank.

Features of Bandhan Bank Business Loan

  • Bandhan Bank provides customized loan products for women.
  • The loan interest rate is competitive and improves profitability.
  • Bandhan Bank focuses on a quick loan process.
  • Bandhan Bank makes a good relationship with customers.
  • The loan repayment tenure is up to 7 years.

Neo Growth Business Loan

You can take the benefits of Neo Growth loan as a business woman. You can take a POS (Point-of-Sale) based loan on a daily business transaction. The other loan products NeoCash, NeoCash Express, NeoCash Insta, NeoCash Emerger Plus, Vendor Finance, Accelerator, Purchase Finance, and Supply Chain Emerger Plus also available.

Entrepreneur women can take up to Rs. 75 lakh business loans. Also, take an initial top-up loan facility.

Features of Neo Growth Loan

  • Take a loan on daily POS machine transaction
  •  Hassle-free repayment process
  • Quick loan approval systems compare other lenders.
  • Women with businesses take the additional top-up loan
  • An interest rate of 19% to 24% is available for a Neo Growth loan.

LendingKart Business Loan

LendingKart is a non-banking financial company (NBFC) that provides loans for women-owned businesses. This company offers up to 2 crore business loans through online applications. LendingKart ensures a simple loan process for self-employed women.

LendingKart business loans for women are taking 2% to 3% processing charges. The lender provides a business loan within 3 days. Friendly business loan with zero prepayment charges.

Features of LendingKart Loan

  • This is a collateral-free business loan for women
  • Business women take the higher loan facility up to 2 crore.
  • The friendly loan repayment term is up to 36 months.
  • The customized interest rate is 15% to 27% p.a.
  • Digital application process with fewer documents.

Eligibility Criteria for Women Business Loan

  • Residence should be Indian Citizenship
  • 21 to 60 years of age
  • CIBIL Score: -1 or 680+
  • Good Banking Transaction
  • Self Employed Business

Documents Required Business Loan for Women

  • KYC Documents (Aadhaar Card/ Passport/ Pan Card/ Voter Card)
  • Income Proof documents (Trade License/ MSME Certificate/ Income Tax File/ GST File)
  • 12 months bank statement
  • Other business documents

FAQs on Business Loans for Women

What is the special business loan for women?

The Government based business loan Pradhan Mantri Mudra Yojana (PMMY) is a popular product in the Government sector. You can take the loan through the nearest branch.

How much loan can business women take?

Self-employed business women can take up to 2 crore loans for business expenses. Also, some lenders provide up to 10 crore business loans.

What is the interest rate on business loans for women?

The interest rate on business loans for women is depending on lenders. Most of the lenders provide a 9% to 46.5% interest rate per annum.  

Can business women take loans with trade licenses only?

Business women can take the loan with a trade license only. The trade license should be 3 years old. Also, MSME Certificate is required.

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