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

Banks
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

NBFCs
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

CriteriaDetails
Age21 to 60 years
IncomeMinimum ₹15,000 per month
EmploymentSalaried or self-employed with stable income
Credit Score700 or above preferred
Work ExperienceSalaried: Minimum 1 year, Self-employed: Minimum 2 years in current business
CitizenshipIndian 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 TypeDetails
Interest RateStarts at 10.49% p.a.
Processing Fee1% to 2.5% of the loan amount
Prepayment Charges2% to 5% of the outstanding loan amount
Late Payment Penalty2% of the overdue EMI
Foreclosure ChargesUp 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.

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