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Business loans for women in India empower aspiring and established women entrepreneurs to achieve their professional goals. At SMFG India Credit, we support women-led enterprises by offering customised business financing for women tailored to a wide range of enterprise needs. Whether you're planning to expand operations or manage cash flow, our loans for female business owners are designed to provide timely financial assistance with ease and flexibility. We strive to be a trusted partner in your journey towards sustained business growth.
Here are the top benefits of choosing an SMFG India Credit business loan for women:
With these tailored benefits and a simplified online application process, women entrepreneurs can take confident steps toward building and expanding their businesses.
*Terms & Conditions apply
The eligibility criteria for a business loan for women include the following:
The entrepreneurial spirit is in full bloom among women in India. However, the greatest obstacle in their path to kick starting their business journey comes down to funding. While some may have savings or be able to access financing from family and friends, in most cases, it may not be enough. This is where a business loan for women by SMFG India Credit enters the picture.
Business loans for women may be difficult to get approved because it comes with a lot of eligibility parameters that the applicant must be able to meet. However, if that stage is covered successfully, the next step involves getting together all the business loan documents that must be submitted to SMFG India Credit to process the loan request.
Women today are stepping confidently into entrepreneurship, turning ideas into thriving ventures. But, one of the biggest hurdles many face is securing the right funding to bring their vision to life. That’s where business loans for women can play a transformative role.
Interest rates on business loans for ladies generally depend on factors like the amount of loan requested, the tenure selected, the applicant’s profile and credit history, and their current financial status. In addition, borrowers should be aware of associated fees and charges, such as a processing fee of up to 5% of the loan amount (plus GST), and potential prepayment fees ranging from 0% to 7%.
Commonly Asked Details |
SMFG India Credit’s Business Loans for Women |
Is there any processing fee? |
Yes, Up to 5% of the total loan amount + GST |
What is the loan tenure? |
Between 12 months to 60 months |
Are there any pre-closure charges? |
Yes, the prepayment charges range from 0% to 7% |
What are the eligibility criteria? |
Turnover should be at least INR 10 lakhs* with 2 years of profit-making business. Minimum eligibility criteria can be checked here. |
Unsecured Business Loan Amounts |
Loan amounts range from INR 50,000 to INR 75 Lakhs |
A Business Loan for Women is designed to help women entrepreneurs pursue their business dreams and grow their ventures without facing financial constraints.
Here are several compelling reasons why women entrepreneurs should consider getting a business loan:
As a woman entrepreneur, applying for a business loan is a straightforward process with SMFG India Credit. Follow these steps:
Today, women-led businesses are redefining success across industries. With access to fast, flexible, and reliable funding, building a thriving enterprise in a competitive market is more achievable than ever. Specially designed business loans for women offer the support needed to grow with confidence – attractive interest rates, collateral-free funding, and flexible repayment tenures. These loans for female business owners are not just financial products but stepping stones to independence and long-term growth.
If you're ready to take your venture to the next level, start your application today and let SMFG India Credit help power your business ambitions.
With the rustic flair of desi music and subtly infused humour, this video tells a story of a small retailer who was able to grow his small business with a loan. Watch now and enjoy!
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Yes, women in India can get a business loan if they are able to successfully meet the eligibility criteria and documentation required by the lender. Additionally, the lender will also take a look at the applicant’s credit profile, CIBIL score, ITR and company related documents prior to approving the business loan application.
You can easily get a business loan for women in India by placing an application with SMFG India Credit which offers dedicated business loans for women for up to Rs 75 Lakhs* at competitive interest rates starting at 17% per annum. The repayment of the loan comes with a flexible tenure of 12 to 60 months.
The minimum amount for a business loan for women at SMFG India Credit is Rs 50,000.
The documents required for a business loan for women include:
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