Login to the new experience with best features and services
Business loans for women help women entrepreneurs start their own business or expand their existing business operations. They can use the loan for a variety of purposes including working capital requirements, purchasing equipment, manpower hiring or product launches. With instant disbursals and flexibility in terms of repayment, IDFC FIRST Bank’s business loans for female business owners can offer women the required financial support to run their business confidently.
Large loan amounts ranging from ₹7 lakhs to ₹1 crore
Low interest rates starting at just 12.99% p.a.
Fast-track funding of up to ₹50 lakhs based on GST returns/bank statement
Dropline Overdraft facility to avail funds from overdraft limit
Flexibility to choose between a term loan and dropline overdraft facility
End-to-end digital process for quick approvals
Flexible repayment terms of up to 48 months
Eligible Entities
Age Criteria
Financial Criteria
IDFC FIRST Bank offers a simple loan documentation process. Following are the documents you need to keep ready for your application:
Identity and Address Proof
Business Verification Documents
Additional Scheme-Based Documents
A Dropline Overdraft Loan is a versatile financial product that allows you to access a pre-approved line of credit whenever you need it. This facility allows you to utilize amount up to an agreed limit. The withdrawal limit reduces every month till the end of the loan tenure. The interest is levied only on the utilized amount and not on the total line of credit. The amount can be deposited back to the account anytime to reduce the outstanding balance.
Avail your Business Loan as a Dropline Overdraft Facility and enjoy amazing benefits like interest only on the amount utilized, instant access to funds, collateral free funding up to 1 Crore, and much more.
You can use a Business loan to upgrade or purchase equipment, cover employee salaries, rent or to expand your business.
A Business Loan can be availed in the form of a term loan or a dropline overdraft facility.
There are different schemes through which a Business Loan can be availed, including:
• Income scheme - Eligibility is based on the derived income & net profit of the business
• Banking scheme - Eligibility is based on the average bank balance
• GST returns scheme - Eligibility is based on the annual business turnover according to GST data
The principal amount and the interest rate applied to the principal make up your EMI. The amount you borrow, the rate of interest charged, and the loan tenure are the variables that affect the EMI. If the interest rate increases, EMIs may alter.
You can calculate your potential EMI here.