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  • Business Loans for Women is Rated as "Great!" by 276 Users

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    Business Loans for Women

    India held a poor rank so far as the entrepreneurship aspirations for women and the ecosystem for women entrepreneurship were concerned, until a crucial mandate in the National Policy for Skill Development and Entrepreneurship in 2015 facilitated the provision of business loans for women who wish to run their own businesses. Businesswomen can avail loans across a variety of industries. Here are some of the loans that can be availed by aspiring businesswomen.

    Apply for Personal Loan

    Beauty Parlour Business Loans

    Women who would like to open and operate their own beauty parlours, spas or salons in India can take out a loan for the same. Loans are granted for the purchase as well as construction of spas, salons and parlours. In addition to the place of business, the loan can also be used to purchase equipment and tools that are needed to run the business. Funds can also be utilised for meeting daily expenses. The minimum age requirement for a Beauty Parlour Personal Loan is 20 years and the maximum is 60 years. There are schemes that grant loans without collaterals and repayment terms differ from bank to bank, as do the interest rates.

    Restaurants and Food Catering Business Loans

    Women who wish to start their own restaurants or food catering businesses can get started with the help of special business loans that are designed especially to assist you in living your dreams. Whether it’s a proper restaurant or a simple lunch or tiffin business, women entrepreneurs who are above 18 years of age and under 60 years can apply for business loans without having to put up any collateral. The tenures are considerably long and the rates of interest on offer are also attractive, making it easier for women to now become their own bosses.

    Day Care Business Loans

    The establishment of child day care centres and preschools is now a lot simpler for women thanks to business loans designed for this specific purpose. The funds can be used to set up the nursery as well as purchase the required equipment. The minimum age for women who seek a similar loan should be 21 and the maximum is 60.

    SME Easy Business Loans

    Small and medium sized businesses owned and operated by women have received a new boost so that term loans and capital can be accessed by service providers, manufacturers and traders to better help women entrepreneurs thrive in their field. The tenure for SME Loans is usually quite high in comparison with other loans.

    Business Loans against Property

    Women between 21 and 70 years of age can take out business loans against property at concessional interest rates. These business loans for women are usually extended in the form of overdraft facilities or term loans for businesses owned and operated by women in India. The loan amounts offered by banks differs based on what kind of industry they operate in, viz. service, manufacturing, corporates, etc. The interest rates on these loans are considerably low with relatively long repayment periods.

    List of Business Loans for Women

    1. Cent Kalyani
    2. Dena Shakti
    3. SIDBI Mahila Udyam Nidhi
    4. Udyogini by Punjab & Sind Bank
    5. Bharatiya Mahila Bank
    6. MUDRA Yojana Scheme for Women Entreprenuers
    7. Priyadarshini Yojana Scheme by Bank of India
    8. Orient Mahila Vikas Yojana by Oriental Bank of Commerce
    9. Annapurna Scheme
    10. Stree Shakti Package for Women Entrepreneurs

    Business Loans for Women Reviews

    • ICICI Bank Personal Loan
      "Good Experience with ICICI"
      0.5 5.0/5 "Blown Away!"
      Since i'm a existing customer of ICICI, i have taken a personal with ICICI. I have applied the personal loan of Rs. 75K and they have provided the tenure period of 3 years but i have asked only for 1 year. There is a pre-closure option is available. They have offered me a interest rate of 13% and i'm glad about it. I got this loan for my business purpose and they have charged me Rs. 2000 as a processing fee.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 13, 2018
    • Bank Bazaar Personal Loan
      "Bankbazaar"
      0.5 4.0/5 "Great!"
      Everything is fine, systematic and well organized as far as bankbazaar is concerned. I am very much happy with the deal or proposal given by bankbazaar. It was very fast and immediate too. Coming to the information showcased on the site it is transparent. I would certainly do business with them when there is a requirement,.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jul 22, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      I have chosen them since the rate of interest which they have been offering had been low compared with the market. It has been a good loan experience, where the process had been smooth and fast. It took around 4-5 days to get the loan amount and it has been sufficient. I have taken this loan for my business purpose. The customer service had been good and there has not been any issues so far.
      Was this review helpful? 1
      , kolkata
      Reviewed on May 28, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The Tata capital personal loan interest rates are high when compared with others . The Tata capital took higher than normal time to disburse my loan amount. they took around 7 business days to disburse my loan amount. The customer support is good with the TATA capital .
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2017
    • Bank Bazaar Personal Loan
      "Great job"
      0.5 5.0/5 "Blown Away!"
      Thank you for giving me a favor to getting this for my business development purpose .anf u am fully satisfied with bankbazar. Is recommendable to others .I Am fully satisfied with bank bazar processing And they are doing a great job to help the customers who want credit facility .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 24, 2017
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with STANDARD CHARTERED bank. They collected the documents immediately and within 10 business days my personal loan got approved and disbursed my funds after my documents submission. They offered me the loan with 12.99% as rate of interest and there is no processing fees.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 18, 2017
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Bank bazaar staffs called me within 2 business days after submitting my personal loan application in their website. Bank bazaar website good and very useful and user friendly. I got a very quick response from them and they explained everything clearly.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 18, 2017
    • Tata capital Personal Loan
      "Need to improve service"
      0.5 5.0/5 "Blown Away!"
      I have applied for a personal loan with Tata Capital Limited. They collected the documents immediately and within 10 to 15 business days my personal loan got disbursed after my documents submission. They offered me the loan with 12.75% as rate of interest and there is no processing fees.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 18, 2017
    • ICICI Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with ICICI bank but it could not proceed because i have business and not salaried and they were not providing the loan on those basis. I could however say that the services that i received from them was good and i had no issues.
      Was this review helpful? 0
      , raipur
      Reviewed on Nov 09, 2017
    • HDB Financial Services Personal Loan
      "Great experience"
      0.5 4.0/5 "Great!"
      I applied for a Personal Loan with HDB Finance and had great experience with them. The Loan got approved within Two Business days. The Rate of Interest is 15%, which is little high but alright for me. The overall experience with them was great.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 01, 2017
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Basically, I am looking for business loan so that was the reason I haven't got the personal loan from ICIC bank,. The customer support was good with ICICI bank. The rate of interest ,which ICICI bank has offered me was low and their charges are low .
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 31, 2017
    • ICICI Bank Personal Loan
      "Better service"
      0.5 4.0/5 "Great!"
      ICICI bank has asked me to submit the salary slip , but I own a business so that was the reason I haven't got the personal loan from ICICI bank. The customer support is good with ICICI bank . The rate of interest and the charges are nominal with ICICI bank personal loan .
      Was this review helpful? 0
      , ramachandrapuram
      Reviewed on Oct 28, 2017
    • Bank Bazaar Personal Loan
      "You have to find actual requirement of people"
      0.5 3.5/5 "Pretty good"
      Many times my Credit score is effected in past record like settlement or other repayment issues but people actual current position, never analysed by credit and loan not sanctioned it is hardly affects bank as well as customer for loan, business thank you.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 27, 2017
    • Bajaj Finserv Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan from Bajaj Finserv. It is a tenure a 36months and I have completed 1 year and 8months. The loan amount was sanctioned within 24 hours. They were very supportive for my business. They have released the payment in single shot.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 24, 2017
    • ICICI Bank Personal Loan
      "My feedback"
      0.5 3.0/5 "Satisfactory"
      Last month, i had applied for a personal loan at that time there was a need, but later there was no requirement so I had withdrawn the plan of taking the loan No issues with the bank and they were willing to provide the loan. Just that I am more comfortable with SBI because I prefer to do business with ICICI Bank than SBI.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 21, 2017
    • ICICI Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I am planning to invest the money in small business, but ICICI asked me to submit three years of work experience. But it has been two years old, that is the reason I could not process my online loan request. Anyway two days back I opened saving account ICICI bank, through them I am going to process the loan.
      Was this review helpful? 0
      , kozhikode
      Reviewed on Oct 19, 2017
    • HDFC Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The promises are not fulfilled with HDFC bank. The offers are not up to the mark from HDFC bank . The customer service is very poor with HDFC bank. They need to improve their response part. They told I have got the pre-apporved loan , but then they have asked me to provide the salary slip which is not possible as I own a business.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 09, 2017
    • review Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The services is not good from KERALA GRAMIN BANK. They started off the process was fine by taking my documents on time and processing my business loan on time. I have taken this loan ten years before and the loan amount was two laks rupees The rate of interest was of 12%.which was a bit high at that time.Initially this bank was good when it was Malabar Grahmin Bank before 3 years .
      Was this review helpful? 3
      , kannur
      Reviewed on Sep 30, 2017
    • Bajaj Finserv Personal Loan
      "Good in Serve"
      0.5 5.0/5 "Blown Away!"
      Bajaj Finserv personal loan interest rate was average as per the market. But they have responded well and they provided time service and disbursement. I took the amount of Rs.1.5 lakhs based on transaction they ready to provide business loan of Rs.10 lakhs.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 27, 2017
    • ICICI Bank Personal Loan
      "Criteria should be compromised"
      0.5 2.0/5 "Expected more"
      MY application for personal loan got cancelled from ICICI BANK due to the salary criteria. They informed me that i should receive 20 plus salary for a personal loan with ICICI.I have my own business too, but they wont consider that as my salary income .
      Was this review helpful? 0
      , latur
      Reviewed on Sep 20, 2017
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