Features and benefits

  • Hassle-free funding

    Hassle-free funding

    We offer easy and quick small business loans of up to Rs. 80 lakh at affordable interest rates without any collateral.

  • Flexi facility

    Flexi facility

    Pay interest-only EMIs for the initial tenor and lower your EMIs by up to 45%* to manage your cash flow better.

  • Repay over 8 years

    Repay over 8 years

    Pay off the loan in affordable monthly installments in up to 96 months and grow your business stress-free.

  • Minimal paperwork

    Minimal paperwork

    Finance your business easily by meeting our simple eligibility terms and submitting only a few documents to apply.

  • 24/7 loan management

    24/7 loan management

    With our customer portal, you can access your business loan account statements from anywhere.

To help the rising number of women entrepreneurs in the country meet their business financial needs, Bajaj Finserv offers a business loan for women with a host of attractive features. With this instrument, you are empowered to grow your enterprise without financial restraints or the need for collateral. All you have to do to avail of the ample sanction of up to Rs. 80 lakh is to meet the lenient eligibility terms and furnish the minimal documentation needed. Enjoy quick approval and get the loan in your bank account in just 48 hours* post-approval.

You can opt for the Flexi loan for even greater financial flexibility. This feature gives you the option to borrow from your loan limit as needed and pay interest only on what you utilise. You can even opt to pay interest-only EMIs to reduce your monthly outgo by 45%* and maintain a healthy business cash flow.

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Business Loan Schemes for Women at Bajaj Finserv

The most popular business loans for women entrepreneurs are listed below:

1. Stand-Up India Scheme

  • Loan Amount: Rs.10 Lakh - Rs.1 Crore
  • Interest Rates: The lowest applicable rate of the bank for that category, not to exceed MCLR + 3% + tenor premium
  • Beneficiaries: SC/ST or women entrepreneurs
  • Link: SIDBI Stand-Up India portal

2. Pradhan Mantri Mudra Yojana

  • Loan Amount:
    § Shishu: Up to Rs.50,000
    § Kishor: Rs.50,000 - Rs.10 Lakhs
    § Tarun: Rs.10 Lakhs - Rs.10 Lakh
  • Interest Rates: Deregulated, banks charge reasonable rates within RBI guidelines
  • Beneficiaries: Everyone
  • Link: UdyamiMitra portal

3. Udyogini Scheme

4. PSB Loan

5. Union Nari Shakti Scheme (Union Bank of India)

  • Loan Amount: Rs.2 Lakh to Rs.10 Crore
  • Interest Rates: MCLR +1.15% to MCLR + 2.40
  • Beneficiaries: Women entrepreneurs
  • Link: Union Nari Shakti page

6. PNB Mahila Udyami (Punjab National Bank)

  • Loan Amount: Up to Rs.10 Lakh
  • Interest Rates: 0.50% concession for Priority sector enterprises and 0.25% for non-priority sector enterprises
  • Beneficiaries: Women entrepreneurs
  • Link: PNB Mahila Udyami PDF

7. Cent Kalyani (Central Bank of India)

  • Loan Amount: Up to Rs.100 Lakh
  • Interest Rates:
    § Up to Rs.10 Lakh: MCLR + 0.25%
    § Rs.10 Lakh to Rs.100 Lakh: MCLR + 0.50%
    § Additional Interest concession of 0.25% if the account is rated by an external agency
  • Beneficiaries: Business-women
  • Link: Cent Kalyani page

8. Canara Mahila Vikas (Canara Bank)

  • Loan Amount: Rs.10 Lakh to Rs.5 Crore
  • Interest Rates: Linked to RLLR of the bank
  • Beneficiaries: Women entrepreneurs
  • Link: Mahila Vikas Loan page

9. IOB SME Mahila Samridhhi Plus (Indian Overseas Bank)

  • Loan Amount:
    § Up to Rs.1 Crore (for service enterprises)
    § Up to Rs.2 Crore (for manufacturing enterprises)
  • Interest Rates: 0.25% concession on the applicable interest rate
  • Beneficiaries: Women entrepreneurs
  • Link: IOB SME Mahila Samridhhi Plus PDF

10. IND MSME Sakhi (Indian Bank)

  • Loan Amount: Rs.0.10 Lakh to Rs.4 Lakh
  • Interest Rates: Repo + Spread (3.60%)
  • Beneficiaries: Members of Self Help Groups
  • Link: IND MSME Sakhi Loan page

11. UCO Roop Sangam (UCO Bank)

  • Loan Amount: Up to Rs.10 Lakh
  • Interest Rates: Approximately 9.80%
  • Beneficiaries: Women entrepreneurs
  • Link: UCO Bank website

12. Sakhi Shakti Loan (IDFC First Bank)

  • Loan Amount: Rs.23,000 to Rs.50,000
  • Interest Rates: 21% - 28%
  • Beneficiaries: Women entrepreneurs
  • Link: Sakhi Shakti Loan page

13. Bajaj Finserv Business Loan for Women

Eligibility criteria and documents required

  • Nationality

    Nationality

    Resident Indian citizen

  • Age

    Age

    18 to 80*
    (* Age should be 80 at the time of Loan Maturity)

  • Work status

    Work status

    Self-employed

  • Business vintage

    Business vintage

    Minimum 3 years

  • CIBIL Score

    CIBIL Score

    685 or higher

Keep these documents ready:

  • KYC documents
  • Profit and loss statements and balance sheets of the last 2 years
  • Proof of business ownership

Interest rate and fees applicable

Get a competitive and attractive interest rate on our business loans for women. Our loans help you borrow funds to grow your business affordably.

How to apply

Applying for our loan is a simple process that requires you to start by filling out an easy application form. Follow these steps:

  1. 1 Click on 'APPLY ONLINE’ to open the application form
  2. 2 Enter your name and phone number to get the OTP
  3. 3 Share your basic personal and business details
  4. 4 Upload your bank statements for the last 6 months

Once you submit the online form, our representative will reach out to help you with further steps.

Frequently asked questions

Can women get a business loan?

Aspiring women entrepreneurs can get a collateral-free business loan of up to Rs. 80 lakh from Bajaj Finserv. To qualify for the funding, you need to meet the following eligibility criteria:

  • Age must be between 18 and 80* (*Age should be80 at the time of Loan Maturity)
  • Must own a business with a minimum vintage of 3 years
  • Must have a CIBIL score of 685 or higher
How can a woman get a business loan?

Applying for a Bajaj Finserv Business Loan for women is easy and hassle-free. Once you meet the eligibility criteria, you need to follow the steps given below:

  • Click on 'Apply Online' to open the application form
  • Enter your phone number and authenticate with an OTP
  • Fill in basic personal and business details
  • Upload your bank statement for the last 6 months and submit the form

You will then get a call from our representative, who will guide you on further steps. Once your loan application is approved, you will get the funds you need in just 48 hours*.

Is it easy for a woman to get a business loan?

With the Bajaj Finserv Business Loan, it is convenient to get a high-value loan by fulfilling some simple eligibility criteria. All you need to do is meet the eligibility requirements, fill in the online application form, and submit a few documents. Once approved, you can get a collateral-free loan of up to Rs. 80 lakh.

Do you need a minimum credit score to get a small business loan for women?

You must have a CIBIL score of 685 or higher to qualify for a Bajaj Finserv Business Loan. Once you meet this credit score requirement, you have to fulfil other eligibility parameters and submit a few documents to get funds up to Rs. 80 lakh.

Can a housewife apply for a business loan?

Yes, a housewife can apply for a business loan. Financial institutions do not restrict loans based on gender, and housewives with a strong business plan or a co-applicant (such as a spouse or family member) can avail of loans. Many lenders also offer special schemes for women entrepreneurs, allowing housewives to access funding for starting or expanding a business. It is important to demonstrate the potential for business growth and financial responsibility to secure approval.

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