Are you a new age women entrepreneur business owner looking to expand your business? The Business Loan for women entrepreneurs is your ideal financial solution for the expansion of your business. With the HDFC Bank Business Loan for women entrepreneurs, you can use the funds to commence your dream business, expand your business by purchasing new equipment and machinery, enhancing your raw material inventory, using the funds for cash management, or whatever your business end-use requirement is.
Before you start your Business Loan planning, you should know how to get a Business Loan for Women through HDFC Bank. Through this article, we bring you the two main ways of how to apply for Women Business Loan. You can either apply via the HDFC Bank online platform or through the more traditional route of visiting the branch, also known as the offline means, to apply. However, once we offer you the step-by-step guide on applying via these two ways, we will also give you other quick options on how to get Business Loan for Women in India.
The Digital Way
These are the steps of how to get Business Loan for women entrepreneurs online. If you are already a bank account holder with HDFC Bank, you can apply for a women's Business Loan via HDFC Bank NetBanking. Below are the steps as a guide for the online loan application process:
- Step 1: Use your login credentials to log into your NetBanking Account.
- Step 2: Complete the stipulated information input as guided to you through our online platform. The HDFC Bank website is user friendly and easy to understand. The information that would be required would be personal, income details, business details, and any other mandatory information required. Do follow the step by step instructions displayed on the screen.
- Step 3: Submit the loan application form online.
- Step 4: Upload all the mandatory documentation of personal, business, income proofs and requisite photographs and then submit them.
- Step 5: Upon submitting the documents, the bank's loan executive will contact you to continue with the loan procedure.
- Step 6: A verification check of your documents and application form will commence with all the compliance requisites as per the Bank's regulations.
- Step 7: The Bank shall approve the loan, and the funds will be disbursed to your business bank account within the stipulated working days.
The Traditional Way
Here's how to get Business Loan for women entrepreneurs by visiting your nearest HDFC Bank branch. Below are just a few steps that you need to follow:
Step 1: Submit the duly filled and signed application form together with all the corresponding mandatory documents. The documents should be original together with self-attested copies for verification purpose.
Step 2: On submitting the application form and documents, the bank's loan executive will proceed with the loan application process.
Step 3: The Bank will carry out the due diligence and compliance process through scrutiny, verification, and check of all the documents before the Business Loan's approval.
Step 4: On approval of the Business Loan, the sanctioned amount will be disbursed to your business bank account within the stated working days of the Bank.
Other means on how to get Business Loan for Women are:
- Via an SMS to HDFC Bank
- Via the HDFC Bank website through the virtual chatbot Eva
- Through the HDFC Bank Click2Talk portal
- Anytime anyplace HDFC Bank PhoneBanking
With various ways available on how to apply for Business Loan for Women through HDFC Bank, you are already spoilt for choice. Select the application method that works best for you and begin your Business Loan application process in just a few steps.
Apply for a Business Loan for Women with HDFC Bank today. To get started, click here.
Read more about the benefits for Business Loan for women by clicking here.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Business Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.