Personal Loan for women in India
Pre-Approved* Upto 25Lakh*
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 a 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 loans for women offers from multiple banks and NBFCs.
Features of Personal Loan for Women
- Loan Amount: Normally to ₹40 Lakh
- Interest Rate: starting at 10.49%* per annum
- Tenure: 12 to 60 months
- No Collateral Required: Unsecured loans with no need to pledge assets
- Quick Disbursal: Loan amount disbursed within 24-48 hours post-approval
- Flexible Repayment: Choose an EMI plan that suits your monthly budget
- Special Offers: Pre-approved loans for existing customers with simplified processing
Bank Interest rates for Personal Loan
| Institution | Interest rates | Loan amount |
| DBS bank | From 10.99% | Upto 15 Lakhs |
| 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 |
| Piramal Finance | From 12.99% | Upto 35 Lakhs |
| Shriram Finance | From 14% | Upto 35 Lakhs |
| 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? @Fincover
- 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 Women in India
| Criteria | Details |
|---|---|
| Age | 21 to 60 years |
| Income | Minimum ₹15,000 per month |
| Employment | Salaried or self-employed with stable income |
| Credit Score | 700 or above preferred |
| Work Experience | Salaried: Minimum 1 year, Self-employed: Minimum 2 years in current business |
| Citizenship | Indian resident |
Documents Required for Personal Loan for Women
| Document Type | Details |
|---|---|
| Identity Proof | Aadhaar card, PAN card, Voter ID, Passport |
| Address Proof | Utility bills, Aadhaar, Passport |
| Income Proof | Latest salary slips (for salaried), ITR (for self-employed) |
| Bank Statements | Last 6 months’ bank statement |
| Photograph | 2 recent passport-sized photos |
Fees and Charges Loan for Women
| Fee Type | Details |
|---|---|
| Interest Rate | Starts at 10.49% p.a. |
| Processing Fee | 1% to 2.5% of the loan amount |
| Prepayment Charges | 2% to 5% of the outstanding loan amount |
| Late Payment Penalty | 2% of the overdue EMI |
| Foreclosure Charges | Up to 5% of loan amount after 12 months |
| EMI Bounce Charges | ₹500 per bounce |
| Loan Cancellation Fee | ₹3,000 + applicable taxes |
Steps to Loan for Women Application process at Fincover
- Visit Fincover’s Website
- Navigate to the “Personal Loan” section from the homepage.
- Click on the “Apply Now” button.
- Fill in the online application form with the required details
- Submit Required Documents
- After applying, Fincover’s team will verify your details.
- You may receive a verification call to confirm the information.
- Upon acceptance, the loan amount will be credited to your registered bank account within 24-48 hours.
FAQs on Personal Loans for Women
Can I apply for a personal loan if my credit score is below 700?
A: Yes, you can still apply for a personal loan, but the interest rate may be higher if your credit score is below 700.
What is the Instant loan amount I can apply for?
A: You can apply for a loan up to ₹25 Lakhs, depending on your income, credit score, and other eligibility factors.
Are there any special offers for women entrepreneurs?
A: Some lenders may offer exclusive loan packages for women entrepreneurs with relaxed eligibility criteria and special interest rates.
How soon can I receive the loan amount after approval?
A: Once approved, the loan amount is typically disbursed within 24-48 hours.
Can I foreclose my loan before the tenure ends?
A: Yes, you can foreclose the loan, but foreclosure charges may apply, usually after 12 months of the loan tenure.
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
- Personal loan for salaried
- Personal loan for self-employed
- PL for IT Professionals
- Personal Loan for CA
- Personal Loan For Marriage
- Personal Loan For Women
- Personal Loan for Doctors
- Personal Loan for Pensioners
- PL for Defence Personnel
- Personal Loan for Low Salary
- PL for Home Renovation
- PL for Medical Emergency
- Personal Loan for NRI
- Personal Loan for CA
