Personal Loan for women in India
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Grab Hold of Your Financial Future with Specialized Personal Loan for Women at attractive interest rates. Apply now with minimal documentation & get instant approval.
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Personal Loan for Women - Your Journey to Financial Independence
In today’s dynamic world, women are making their mark in various fields, be it entrepreneurship, education, or any other endeavors. However, achieving financial independence can sometimes require a little extra financial support and that’s proven to be challenge. To tackle such challenges is the Personal Loan for women, exclusively curated to benefit them by some banks and NBFCs. These loans not only provide the necessary financial assistance but also come with added benefits to support and empower women on their journey to success. At Fincover, you can find a range of Personal Loan for women offers from multiple banks and NBFCs.
Features of Personal Loan for Women
Competitive Interest Rates
Personal loans for women often come with Affordable interest rates, making them an easy option for financing various needs, such as education, business expansion, or home improvement.
Lower Processing Fees
Many lenders offer reduced processing fees for women borrowers, helping them save on loan application costs.
Flexible Repayment Options
These loans typically come with flexible repayment terms, allowing women to choose a tenure that suits their financial situation and goals. The loan tenure for women applicants is usually up to 5 years; however, some lenders might offer loans for up to 7 years
Customized Loan Amounts
Personal Loans for women can be used to meet a variety of financial needs. You can only borrow the amount you need that none of it go to waste. That said, women can avail loans up to Rs. 40 Lakhs based on their repaying capacity and income.
Bank Interest rates for Personal Loan
| Institution | Interest rates | Loan amount |
| HDFC | From 10.5% | Upto 40 Lakhs |
| Axis Bank | From 10.49%` | Upto 40 Lakhs |
| ICICI bank | 10.75%-19% | Upto 40 Lakhs |
| Bank of Baroda | 10.75% – 18.5% | Upto 5 Lakhs |
| SBI | From 11% | Upto 30 Lakhs |
| IndusInd | From 10.49% | Upto 50 Lakhs |
| Yes Bank | From 10.99% | Upto 40 Lakhs |
| Standard Chartered | From 11.5% | Upto 50 lakhs |
| IDFC | From 10.49% | Upto 50 Lakhs |
| Kotak Mahindra | From 10.99% | Upto 40 Lakhs |
| PNB | From 11.40% | Upto 20 Lakhs |
| Bandhan bank | From 11.55% | Upto 25 Lakhs |
NBFCs Interest rates for Personal Loan
| Institution | Interest rates | Loan amount |
| Tata Capital | From 10.99% | Upto 35 Lakhs |
| InCred | From 18% | Upto 3 Lakhs |
| Finnable | From 16% | Upto 10 Lakhs |
| PaySense | From 16.8% | Upto 5 Lakhs |
| Poonawalla | From 9.99% | Upto 30 Lakhs |
| Fullerton | From 11.99% | Upto 25 Lakhs |
| LendingKart | From 12% | Upto 3 Lakhs |
| Axis Finance | From 13% | Upto 25 Lakhs |
| L&T Finance | From 12% | Upto 7 Lakhs |
| Mahindra Finance | From 10.99% | Upto 10 Lakhs |
| Aditya Birla | From 11.99% | Upto 50 Lakhs |
| Bajaj Finance | From 11% | Upto 50 Lakhs |
What are the Benefits of Personal Loans for Women?
- Financial Independence
Personal Loans for women empower women financially and help them realize their dream and achieve financial independence
- Quick Approval and Disbursal
The striking feature of personal loan is that the processing time for personal loans is quick. Once, the applicant submits all the necessary documents, they will get immediate approval and the amount shall be disbursed within one or two days from the day of approval
- Minimal Documentation
Personal loans for women often require minimal documentation when compared with other loans. Once you provide these documents, you will get instant approval
- No Collateral Required
Most personal loans for women are unsecured, which means borrowers don’t need to provide collateral, making them accessible to a wider audience.
What are the uses of Personal Loans for Women?
- Education
Invest in your or your child’s education with a personal loan tailored to cover tuition fees, study abroad expenses, or certification courses.
- Business Expansion
Whether you want to start a new business or take one to new heights, these personal loan can be a perfect tool to realize the same
- Home Renovation
Give your home a complete makeover or attend to repairs that warrant immediate attention
- Medical Expenses
In the event your health expenses overshoot the health insurance limit, then opt for a Personal Loan without delay
Eligibility Criteria for Personal Loan for Marriage
To qualify for a personal loan for marriage in India, you generally need to meet the following eligibility criteria:
- Be an Indian citizen.
- Be between the ages of 21 and 60 years.
- Have a stable source of income, whether you are salaried or self-employed.
- Credit score of 750+ preferred (may vary with the lenders)
Documents Required for Personal Loan for marriage
- Proof of identity (Aadhar card, passport, driver’s license)
- Proof of address (utility bills, rental agreement) for self-employed
- Proof of income (salary slips, income tax returns)
- PAN Card
- Passport-sized photographs
Empowering Women's Financial Dreams with a Personal Loan
Specially crafted Personal Loan for Women to reach their short term and long term goals.
NBFCs
- Rs.50 lakh Personal Loan
- Rs.40 lakh Personal Loan
- Rs.30 lakh Personal Loan
- Rs.25 lakh Personal Loan
- Rs.20 lakh Personal Loan
- Rs.15 lakh Personal Loan
- Rs.10 lakh Personal Loan
- Rs.5 lakh Personal Loan
- Rs.4 lakh Personal Loan
- Rs.3 lakh Personal Loan
- Rs.2 lakh Personal Loan
- Rs.1 lakh Personal Loan
- Rs.50,000 Personal Loan