Business Loan for Women

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Our country held a low rank yet as the women’s entrepreneurship ambitions and business opportunities for them was concerned, till an important mandate NPSDE (National Policy for Skill Development and Entrepreneurship) in the year 2015, provides the facility to women who want to start their businesses to avail business loans. They can get business loans for various industries.

Business Loan for Women Details Updated on 24th January 2020

Loan Amount

Rs. 1 Lakh to Rs. 1 Crore

Loan Tenure

6 Months to 5 Years

Interest Rate

10.15% p.a. -13.65% p.a. provides all the information about Business Loans for Women and business loans interest rates for women.

Know the best business loan provider for women and business loan schemes in India:

Business Loans to run Beauty Parlour:

The women who want to open and run their beauty parlours, salons or spas in India can avail a business loan. These loans are provided for construction or for purchasing parlours, salons or spas. With this, the lender can also use the amount to purchase the tools or equipments required to run her business. She can also use the funds to meet the daily expenditures.

The age of the applicant should be a minimum of twenty years and a maximum of sixty years. Some of these loan schemes offer loan without collaterals. The interest rates and terms of repayment vary according to the bank.

Business loans for Food Catering Business or Restaurants:

A woman who wants to open her food catering or restaurant business can avail this loan to do the same. Either she wants to open a proper restaurant or start simple tiffin business; she can use the loan amount for this. The minimum age should be eighteen years and the maximum age should be sixty years to be eligible for availing the loan.

There is no need of any collateral. The duration of repayment is long considerably and interest rates on them are also lucrative. This makes it easy for the aspiring applicants to fulfil their dreams.

Business Loans for Children Day Care Centres:

Women can avail loans to establish a preschool or day care centre for childeren. The lender can use the amount for setting up the nursery and also for purchasing equipments that are needed. The lender's age should be twenty-one years minimum and sixty years maximum to avail the loan.

SME Easy Business Loans:

SME (small & medium sized businesses) that are operated and owned by women are being boosted. For this purpose, SME business loans can be availed to help women fulfil their dream of having own business. The duration of repayment for these loans is generally high compared to other loans.

Business Loans against the Property:

Women who are aged from twenty-one years to seventy years can avail these types of business loans at concessional rates of interest. These loans are generally extended in form of term loans or overdraft facilities for the businesses operated and owned by the women in the country.

The amount of loan offered by different banks may vary on the basis of the type of the concerned industry i.e. corporate, manufacturing, service etc. The rates of interest on this kind of loan are considerably low and the duration of repayment is also relatively long.

Below are given names of Business Loans that women can avail:

  • Udyogini by Punjab & Sind Bank
  • Dena Shakti
  • Orient Mahila Vikas Yojana by Oriental Bank of Commerce
  • Annapurna Scheme
  • Bharatiya Mahila Bank
  • Priyadarshini Yojana Scheme by Bank of India
  • Cent Kalyani
  • Stree Shakti Package for Women Entrepreneurs
  • SIDBI Mahila Udyam Nidhi
  • MUDRA Yojana Scheme for Women Entrepreneurs

Business Loan for Women Review

Business Loan
star star star star star 15.0/5
Andhra Bank provided me an instant response in regards to my Business Loan application. The processing charges were minimal. It is a trusted service from their team.
Mumbai January 21, 2020
Business Loan
star star star star star 15.0/5
I had applied my Business Loan for Women at Axis bank. I was in dire need of funds and fortunately got the loan amount soon.
Mumbai January 21, 2020
Business Loan
star star star star star 13.0/5
The HDFC Bank has disbursed the loan amount required and I am satisfied with it. The interest rate and the charges are average.
Mumbai January 20, 2020
Business Loan
star star star star star 15.0/5
I requested for Business Loan for Women from SBI bank. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai January 19, 2020

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