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  • Small Business Loans for Women is Rated as "Great!" by 93411 Users

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    Small Business Loans for Women

    Women nowadays are capable of running their own show and they don’t necessarily need men in the household to take care of the household expenses and to run a business or to pay the bills. Women do everything on their own. They can handle any kind of work and are very strong-willed when it comes to proving to the society that they can handle the work. Providers have realised this and are offering Small Business Loans for women who have a successful business but need a little financial help.

    Perfect Personal Loan Deals for you

    The financial institutions have come up with schemes that are exclusively framed for women entrepreneur. Such schemes have relaxed terms and conditions and rate of interest and collateral security. Some financial institutions have also set up a cell within their branch to counsel and train the women entrepreneurs to promote and market their business.

    Types of Small Business Loans offered for Women in India

    The various loan schemes offered to women entrepreneurs for their small business are as follows:

      Cent Kalyani Scheme

      This scheme is offered by Central Bank of India. Women can avail loan to start a new venture. The loan is offered to new as well as experience business owners, self-employed and professionals. Even those who have engaged in the agricultural and allied activities and in village and cottage industries can avail loan under this scheme.

      Stree Shakti package for women entrepreneurs

      This scheme is offered for women who have 50% ownership in the small business. Eligibility to get this loan is that the women entrepreneur has to pursue the Entrepreneurship Development Programmes (EDP) organized by the state agency. The necessary assistance will be provided and you will get an interest concession of 0.05%. The interest concession can be availed on loan above Rs.2 lakhs.

      Dena Shakti Scheme

      This scheme is offered by Dena bank to promote female owned businesses by providing financial assistance. The loan can be availed at 0.25% interest concession. The loan is offered to women engaged in manufacturing, agricultural and allied activities. Even women running small enterprises, micro-credit or retail stores can take loan under this scheme.

      Annapurna scheme

      Eligibility criteria is that the women entrepreneur has to run individual business or partnership firm. The loan is offered to women who has an established food catering unit. The maximum loan that you can get is Rs.50,000. The loan can be repaid in 36 instalments. The loan amount can be used to purchase utensils, water filters and other kitchen equipment. You will however be needing a guarantor to secure the loan. Interest rate is set as per the prevailing rates and you will have to submit assets as collateral with the bank.

      Udyogini Scheme

      This scheme is offered by Punjab and Sind Bank to motivate women entrepreneur to obtain loan on low interest rate and on liberal terms to establish small scale industries. This loan is also available for retail traders and self-employed women entrepreneurs.

      Mahila Udyam Nidhi Scheme

      This scheme is offered by Small Industries Development Bank of India to provide financial assistance of up to Rs.10 lakhs to the female entrepreneur to set up a new venture in small scale sector.

    Small Business Loans for Women Reviews

    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides best services when compared to others in the market. I am using the services of bankbazaar from more than 1 year. The website of bankbazaar is easy to use and is user friendly. Customer service was good and they followed up on time.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      It was a good experience with HDFC bank for personal loan, the loan amount was for Rs 4 lakhs with nominal interest rate in the market. The process was smooth and it took 10 days to receive the loan amount. Customer service was good and they followed up on time. The tenure period for this loan is 2 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I know bankbazaar.com from last 2 years but i have used bankbazaar for the first time. The services provided by bankbazaar is good when compared to others. Customer service was good with bankbazaar and their response was on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 17, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was an average experience with Standard Chartered Bank for personal loan, the process was quite long and it took 20-25 days to complete. Documents were collected on time and the customer service was good. The loan amount was for Rs 6 lakhs for 5 years with high interest rate.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar provides best services when compared to others in the market. I am using the services of bankbazaar from last 1 year. Customer service was very good and they responded on time. The website of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , chennai
      Reviewed on Aug 17, 2018
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with TATA CAPITAL and the experience was good, the loan amount was for Rs 2 lakhs with the tenure period of 3 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 3-4years, the services provided by bankbazaar is good when compared to others. Customer service was good with bankbazaar and they responded on time. Mobile application of bankbazaar is easy to access and is user friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with HDFC bank and the experience was good, the loan amount was for Rs 3 lakhs with the tenure period of 4 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I am using the services of paytm from last 1 year, the services provided by bankbazaar is good when compared to others. Customer service was good with bankbazaar and their response was on time. I check my credit score on the website of bankbazaar.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was very good with ICICI bank for personal loan,, the process took more than 15 days to complete. The loan amount was for Rs 1 lac with nominal interest rate. Customer service was good and they followed up on time. The tenure period for this loan is 3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was a good experience with bankbazaar so far, they provide good services when compared to others in the market. Customer service was good with bankbazaar and they responded on time. The website of bankbazaar is easy to navigate and is user friendly.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2018
    • Kotak Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was a good experience with Kotak Mahindra bank for personal loan, the loan amount was for Rs 3 lakhs with nominal interest rate in the market. The process was quite long and it took 15 days to receive the loan amount. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The tenure period for this loan is 4 years and there are no preclosure charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      This was my first time experience with bankbazaar and it was good, the services provided by bankbazaar is good when compared to others in the market. Customer service was good and they responded on time. I check my credit score on the website of bankbazaar.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Need to follow up on time"
      0.5 3.5/5 "Pretty good"
      It was a fine experience with HDFC bank for personal loan, the rate of interest of 11.29% was nominal when compared to other banks. Customer service was average and the follow up was not that great. The process was quick and i received my loan amount on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I know bankbazaar.com from last 2-4 years, the services provided by bankbazaar is good when compared to other banking websites. Customer service was good with bankbazaar and they responded on time. I check for offers on the website of bankbazaar.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Aug 17, 2018
    • Cashe Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with CashE for personal loan, the process was quick and i received the loan amount immediately after the documents were approved. Customer service was good and they responded on time. The rate of interest and charges are nominal when compared to others.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and the loan experience was good. The loan amount was for Rs 1.25 lakhs with nominal interest rate with the tenure period of 3 years. There are no preclosure charges and the customer service was very good with HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Bank Bazaar Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good so far with bankbazaar, i am using the services of bankbazaar from last 6 months. Customer service was good with bankbazaar and they responded on time. The mobile application of bankbazaar is easy to use and is user friendly.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • Early Salary Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Early salary for personal loan, i have taken the loan for Rs 10000 for the tenure period of 20 days. The rate of interest and charges were nominal when compared to others. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
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