PaySense and LazyPay, PayU’s consumer lending business, merge to build a full-stack digital lending platform in India.Learn morehttps://corporate.payu.com/news/payu-consolidates-india-digital-credit-offering/

Small Business Loans for Women

The first step to being your own boss

Get Small Business Loans for Women up to ₹5 Lakhs

100% Safe & Secure
100% Safe & Secure
Instant Process
Instant Process
Get Small Business Loans for Women up to ₹5 Lakhs
Use the EMI Calculator to check plans

Loan Amount

1,30,000Edit
₹5,000
₹5,00,000
Loan Term
ROI
EMI (per month)
Total interest
*The tenures shown here are indicative. Actual tenures may vary depending on your eligibility.
*The ROIs shown here are indicative
See EMI Plans  
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Great app. It does what it says and can be of very help to get personal loans. It’s absolutely wonderful. Looking forward to have a long term association with you guys.
Traditionally, India has been a patriarchal society and the participation of women in the nation’s economy has been abysmal. Despite making up half of the country’s population, women face several challenges while entering the workforce.However, in the last few decades, this notion has been challenged. Women have started participating in economic activities and are gaining financial independence. Access to information, exposure to different cultures and the increasing availability of credit has also encouraged women in starting their businesses. Notably, the demand for small business loans for women has witnessed steady growth in recent times. More so, the trend of women opting for online business loans has also gained widespread acceptance. PaySense also offers small business loans to women who want to expand their business or set up a new one. Before we learn more about the eligibility, processes, and charges related to the same, let’s take a look at why short-term business loans for women have gained popularity in India.
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Do you think a personal loan needs too much effort ?

Getting a personal loan was never this easy

Instant personal loans
Instant personal loans
Get instant personal loans from ₹5000 to ₹5 lakh to fit all your needs and dreams
Quick Approvals & Disbursals
Quick Approvals & Disbursals
Get prompt loan approval and money in your account
Paperless Documentation
Paperless Documentation
Upload pictures of you KYC documents and sign your loan application digitally
Affordable EMI plans
Affordable EMI plans
Easy to manage EMI plans with reminders and auto-debit features so that you don’t miss out on timely payments
One-click subsequent personal loans
One-click subsequent personal loans
Need another loan from PaySense? With one-time documentation, it’s just a click away. No further checks required
Zero Credit History
Zero Credit History
Never taken a personal loan previously? It’s okay - we serve the users who are new to credit and lending system.

It just takes three simple steps to get an instant personal loan online!

1
Check eligibility and select a personal loan plan
Fill in a few basic details to check your eligibility for PaySense instant personal loans and get a Credit Line. A Credit Line is the total amount of loan you can get from PaySense. Once you get your Credit Line, you can choose the loan amount. Choose the best combination of loan duration and EMIs to select your loan plan.
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2
Upload KYC Documents
To get your personal loan approval, you have to upload a few documents to complete your KYC. You are also required to sign the loan agreement and a NACH form to enable auto-deduction of EMIs. NACH stands for National Automated Clearing House is a centralised web-based payment system, regulated and supervised by Reserve Bank of India (RBI) for bulk money transactions. NACH form ensures that you don’t miss on your EMI payments and impact your credit score negatively. The best part – the entire process is paperless. Once you upload all required documents, you get an approval within 2 working hours.
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3
Get your money
Once your personal loan is approved and the application procedure is complete, your money will be directly transferred to your account quickly. It is that easy to get instant personal loan with Gopaysense.
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Check eligibility and select a personal loan planUpload KYC DocumentsGet your money

Things to Know

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

Eligibility Criteria options

Eligibility Criteria

Documents Required options

Documents Required

Credit Score options

Credit Score

EMI Calculator options

EMI Calculator

Over 2,56,664 loans disbursed-happy customers

With a continously growing community of happy customers we are disbursing more loans every minute.

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Frequently asked Questions

Now get a loan on your own terms with our flexible EMI options and take control of what & when you pay

General Questions
About PaySense
Loan Eligibility
Loan Application Process
Fees and Charges
Loan Repayment
User Security
Customer Support
Others
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Am I required to submit collateral while availing a small business loan?

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I was previously a salaried employee and have started my new business. Can I apply for a small business loan?

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What will happen if I miss paying an EMI?

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I am a little wary of uploading my documents on your app. How safe is your app and how secure will my information be?

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Will I have to submit the bills and invoices of the expenses I have taken for my business?

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In case my monthly salary is ₹18,000, can I still apply for a small business loan of 5 Lakhs?

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Is it possible to get the loan amount to my current account instead of a savings account?

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I am a self-employed individual with an average monthly income ₹25,000. Can I avail a small business loan?

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Can I apply for a small business loan from PaySense even if I have never taken a loan before?

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What if I want to know more about small business loans at PaySense?

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What is PaySense?

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Which banks and NBFCs have you partnered with?

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Is taking a personal loan a good idea?

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What is the maximum amount of personal loan I can get from PaySense?

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What can I use my personal loan for?

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How would PaySense personal loan impact my credit score?

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Am I eligible for a PaySense personal loan?

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I am self-employed. Will you give me a PaySense personal loan?

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I have zero credit score. Will you give me a PaySense personal loan?

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How do you decide my credit line?

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I need a loan of higher amount than you approved. Can my credit line be changed?

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What documents are required to get a PaySense personal loan?

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How do I apply for a PaySense personal loan?

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How much time would it take to complete my loan application once I have installed the app?

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How much time would it take to get the loan approval once I have completed the loan application?

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After uploading all the documents, why was my loan application rejected?

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When can I get my money after loan approval?

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Are there any hidden fees?

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How much processing fees do you charge?

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How much interest rate do you charge on personal loans?

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Are there any extra charges on late payments?

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What are loan foreclosure / pre-payment charges?

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How can I pay back my loan?

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What is a pre-EMI?

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Can I reschedule my EMI date?

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What happens if I miss my EMI on due date?

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While paying my EMI, the amount was deducted from my bank account, but it’s not showing on the PaySense app. Where did my money go?

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I want to close my loan earlier than the schedule loan tenure. What is the loan foreclosure process?

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What happens if I don’t pay back?

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My loan has been paid successfully. How do I get my No Objection Certificate (NOC)?

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Is PaySense safe?

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You ask for my internet banking details? How safe is it?

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I had checked my credit line from PaySense earlier but uninstalled the app. Now that I need a loan, do I have to start a fresh application?

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My loan application process is incomplete, but my phone got switched off. Do I have to start the application process again?

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I am getting a “Signature not verified” error after e-signing a document. What do I do?

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My netbanking access has been temporarily disabled. What do I do?

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How do I update my contact details (mail ID, phone number, address) in my PaySense account?

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How can I contact your team if I need any assistance?

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When will you support iPhone and Windows phones?

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Contextualising the growth of unsecured personal loans in India

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Why Avail Unsecured Small Business Loan from PaySense?

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Challenges faced by borrowers in seeking small business loans

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Small Business Loans for Women from PaySense: Things to Remember

Apply for loans of upto ₹5 lakhs easily using your phone or laptop, and pay back on low EMIs
Get a Personal Loan Now

India boasts one of the world's most diversified startup ecosystems. India offers tremendous prospects as a developing economy. The country's prospective growth draws many global companies.

Despite the fact that men have traditionally dominated the field of startups and innovation, a growing number of women entrepreneurs are emerging in India.

Many women are quitting high-paying careers in order to hone their entrepreneurial talents and eventually create a thriving business. Access to business loans for women is an important element leading to the rise in the number of female entrepreneurs. The small business loan for women is one of the aids that help enable their journey to freedom.

What Is a Small Business Loan For Women

A small business loan for women is a unique sort of loan that is tailored to fit the unique needs of female entrepreneurs. Cheap interest rates, low processing costs, and no collateral guarantee are common characteristics of loan for women.

Importance Of Small Business Loan For Women

Women entrepreneurs can get personal loans from PaySense for their business needs. Here are some of the important points of small business loan for women:

  1. Women enterpreneurs can make their business plans a reality.
  2. With quick loans that have a turnaround time of a few days, you can put your company strategies into action immediately rather than waiting weeks or months.
  3. The business loans let you be in charge of your destiny.
  4. The business loans for women allow you to keep control of your business while safeguarding your key assets. As the loans are unsecured, you don't have to put up any collateral to get one. Unlike some invoice financing lenders and banks, PaySense Small Business Loan for Women don't interfere with your business operations in any way. So, you are always in command of your company.
  5. You can ower your cash-flow risks with loans for women.
  6. Small business loans for women help you avoid the risk of cash-flow changes. This is especially true for small businesses and startup ventures that are still relatively new. As you begin to create a customer base and try capital formation, a business loan brings order to your working capital fund.
  7. Improve your credit score and be eligible for more money.
  8. As you avail small business loan from PaySense and repay it back, you earn trust and goodwill of lenders. As a result, you may be able to obtain more funding for your fledgling business.

    For What Purposes Can Small Business Loan For Women Be Taken

    PaySense Small Business Loans for Women are here to help you get the money you need for your business. The business loans can be used for the following things:

  • Take care of normal working capital requirements. You can enhance your company's working capital and pay all short-term operating needs by using small business loans for women.
  • Expand your company.
  • Scaling businesses and getting them to new heights.
  • Take care of seasonal working cash needs.
  • Manage short-term cash flow gaps.

Important Factors To Consider While Getting Small Business Loan For Women

Some important aspects to consider while applying for a small business loan for women are listed below:

  • Compare interest rates from various lenders. Compare the personal loan interest rates offered by various lenders to get a low interest rate on your small business loan for women.
  • Ascertain that you have a positive credit history. The lender will look at your previous credit history to establish your repayment possibilities. They aim to ensure that their borrowers have the financial discipline necessary to repay their loans on time.
  • Negotiate with your lender. If you have a solid credit score or a good relationship with your lender, you can negotiate a lower personal loan interest rate.

Features And Benefits Of Small Business Loan For Women .

Small business loans for women are intended to assist you in achieving your entrepreneurial goals. PaySense offers small business loans for women. Some of the most important features and benefits of a PaySense Small Business Loan For Women are as follows:

  1. No credit history is required. PaySense does not require you to have a high credit score to secure a loan.
  2. Loan processing is quick. The disbursement of a business loan is accelerated, and you can receive the loan within a few days of approval. Lenders make every effort and take as little time as possible to guarantee that the loan is disbursed as soon as possible. The business loan is made available within a short, predetermined period.
  3. A business loan might help you improve your credit score significantly. This is due to the fact that credit scores have a substantial influence on credit rating. Repaying the loan on time will help you build a good credit history.
  4. Minimal documentation is required. A business loan for women demands minimal documentation to make things easier. This eliminates the need for a lot of paperwork to secure the loan.
  5. Approvals and disbursements are completed in a timely manner. PaySense will approve your loan in two hours or less.
  6. You have flexible repayment choices. Women's business loans come with a variety of repayment options. The loan's repayment terms are flexible.
  7. No collateral is needed. The business loan for women is offered without collateral, depending on the loan profile and other relevant factors.

Reasons Why You Should Take Small Business Loan For Women From PaySense

Here are a few reasons why a small business loan for women is a good idea:

  • Saves time: You don't need to visit a bank to apply for a small business loan for women because you may do so online. On the PaySense personal loan app, the entire loan application process takes only a few minutes. Also, you won't have to wait for the loan to be approved for days.
  • No security: You don't have to put up any collateral because the small business loan for women is a no-collateral loan.
  • Flexible repayment options: PaySense's flexible repayment options allow you to repay the money without breaking the bank.
  • Only the bare minimum of documentation is required: You only need to submit a few documents to apply for a small business loan for women online.

How To Apply For Small Business Loan For Women On PaySense

PaySense offers small business loans to women with APRs ranging from 16 percent to 36 percent for sums ranging from ₹5,000 to ₹5 lakh on a reducing balance basis. The loan length ranges from three to sixty months.

On the PaySense personal loan app, you can apply for a small business loan for women as follows:

  • Download the PaySense personal loan app.
  • Verify your loan eligibility after logging into the app.
  • Upload KYC documents like your Aadhar card, bank statement, etc. and a photo of yourself.
  • Sign the NACH form and the loan contract.

Once your loan application is approved, the loan amount gets credited to your account.

FAQs Section

1. What are the advantages of taking out a small business loan for women?

12-month loans are advances offered with a repayment window of one year.

2. What papers are needed to apply for a small business loan for women?

To apply for an unsecured loan online, you simply need to provide a few documents like your indentity proof, address proof, and your account statement.

3. How to apply for a small business loan for women?

You can apply for small business loan for women on PaySense personal loan app.

4. Do I need to put up any security to get a small business loan for women?

PaySense provides collateral-free business loans. So, you do not need any security to apply for the small business loan for women.

5. What loan choices are available to women who want to establish a small business?

Women can get small-business loans through online lenders, credit unions and banks. Online lenders offer more speed, convenience and looser qualifications than most credit unions and banks.

6. What are the requirements for women seeking business loans?

You must be a salaried or self-employed Indian citizen having the age between 21 and 60. If you live in a tier-1 city, your monthly income must be at least ₹20,000, and for lower tier cities, your minimum monthly income must be at least ₹18,000.

7. What are the interest rates on small business loans for women?

PaySense provides small business loans for women with APRs ranging from 16% to 36% on a reducing balance basis. PaySense charges a processing fee to facilitate the loan towards legal and documentation charges. .

8. What are the costs of obtaining a small business loan for women?

The following fees and charges are involved while applying for a business loan for women:

  • Processing fee to be paid at the time of loan application processing
  • Foreclosure charges for repayment of your loan before its tenure
  • Document processing charges