Business Loans for Women

Features and Benefits of Business Loan For Women

Here are the top benefits of choosing an SMFG India Credit business loan for women:

Unsecured Loan Amounts of up to ‌‌75 Lakhs*

Women entrepreneurs can access high-value business loans without pledging any collateral, providing the freedom to focus on business growth.

Affordable Interest Rates

Enjoy competitive interest rates* on business loans for ladies, helping reduce overall borrowing costs.

No collateral required*

These loans for female business owners are entirely unsecured, removing the need to pledge personal or business assets as security.

Flexible repayment options

Repay at your convenience with flexible tenures ranging from 12 to 60 months*, making it easier to manage your budget and plan for long-term goals.

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

Eligibility Criteria for Business Loan for Women

The eligibility criteria for a business loan for women include the following:

1. If you are a self-employed individual, proprietor, private limited company, or partnership firm in manufacturing, trading, or services, you are eligible for a business loan.
2. There should be a minimum of three years of experience in the current business and a total of five years of overall business experience.
3. You, as an individual applicant, should be at least 22 years old at the time of application and less than 65 years old at the loan's maturity.
4. For enterprises, a minimum turnover of INR 10 lakhs, consistent profits for the past two years, and a minimal annual income of INR 2 lakhs per year are required for eligibility.
5. You should be a resident citizen of India and have a minimum CIBIL score of 750

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.

Documents Required for Business Loan for Women

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.

• All KYC related documents for the individual’s ID, address and age proof – Voter ID, Passport, Driving Licence, Aadhar Card, Pan Card
• ID proof required for the company – Pan Card
• Bank statements are required for the last 6 months
• Income documents including the latest ITR for 2 years along with income computation, balance sheet, profit and loss statements certified from a licensed CA
• Proof of continuation via ITR/ Trade License / Establishment / Sales Tax Certificate
• Other documents that may also be required are a Sole Proprietorship Declaration or a certified copy of the Partnership Deed, a certified true copy of the Memorandum & Articles of Association and the Board Resolution.

Interest Rates & Charges of Business Loan for Women

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%.

Reasons to Apply for a Business Loan for Women

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:

• You can expand your operations   
• You can diversify across sectors to increase business resilience
• You can address staffing needs and match growth demands
• You can use the money to upgrade machinery, software, and equipment for enhanced efficiency
• With a loan, you can increase your working capital reserves to meet rising output demands
• With the tailored support of a Business Loan for Women, women entrepreneurs like you can seize the opportunity to fuel your business aspirations and propel growth.

How To Apply For Business Loan For Women?

As a woman entrepreneur, applying for a business loan is a straightforward process with SMFG India Credit. Follow these steps:

• Apply here to initiate the application.
• Choose a business loan based on your needs.
• Input the required details and upload the necessary documents seamlessly.
• Specify the loan amount and select the desired tenure.
• Receive an instant decision based on your information.
• If approved, note the reference number provided for future correspondence.
• You should expect contact from an SMFG India Credit representative for additional information.
• Then, you will undergo document verification and address confirmation.
• Upon verification, you’ll receive a personalized loan offer, including the loan amount and interest rate.
• After approval, enjoy a hassle-free disbursal of the sanctioned amount to your bank account.

Step Into Success: Fast & Flexible Loans for Women in Business

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.

Want to Take Your Business Further? Find Out How!

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!