Personal Loan for Women

Gender disparity has been one of the major concerns that society is grappling with. In today’s time and age, it is imperative for women to be financially independent to fulfil their dreams and aspirations at different stages of life. Be it a working woman or a homemaker, women from any sphere or walk of life can opt for a personal loan to meet their diverse financial needs and short-term and long-term financial goals.

A personal loan for women is an unsecured loan, in the sense that women are not required to pledge any collateral to receive funds. These funds can be used for business capital, an entrepreneurship venture, stocking inventory, paying salaries, medical treatment, travelling or further education – whatever they set their eyes on.

There are many engaging factors that make a personal loan for women a safe and secure option.

• Women can avail of a personal loan to finance any personal or work-related requirement without any restriction on the end-use of the loan amount. Therefore, personal loans are a versatile choice for women to pursue their goals.
• Women can get a personal loan with minimum documentation. The borrower’s creditworthiness (employment history, salary, and credit score), and repayment ability are the major factors that lenders look at when they apply for a personal loan.
• The onset of digitalization has enabled women to procure instant loans online.
• Flexible loan tenures with EMI plans of up to 60 months.
• The whole process of applying and receiving the funds is carried out with full-proof data security.

How To Apply for Personal Loan for Salaried Women?

To apply for a personal loan for salaried women, follow this quick and easy process:

• You can either use the official website or Finnable’s personal loan application to get started.
• Salaried women are required to create an account and register with Finnable to get credit. They will be asked to provide some basic information and permissions after downloading the app. After entering the required information, women can set up a profile.
• They are then required to select the personal loan option, the tenure for which they need the instant loan, and the amount of loan required.
• Upload the respective documents. The app/website will then display the loan eligibility, including the rate of interest and duration, based on the fundamental information entered.
• Salaried women can forward the application form after uploading the required documents (income proof, address proof, and photo identity proof).
• The loan amount will be disbursed to their accounts within 6 hours after verification. You can check the live status of your loan application process in the app itself.

Women’s Personal Loan EMI Calculator

Women have unique financial needs and aspirations. To cater to these specific requirements, we are thrilled to introduce our Women’s Personal Loan EMI Calculator. This powerful tool is designed to help women like you plan your finances wisely and take control of your personal loan journey.

Key Features of Finnable’s Women’s Personal Loan EMI Calculator

• User-Friendly Interface

Our Women’s Personal Loan EMI Calculator boasts a user-friendly interface, ensuring that you can effortlessly calculate your loan EMIs in a matter of seconds. The tool is designed to provide quick and accurate results, helping you plan your finances with ease.

• Tailored for Women’s Financial Goals

At Finnable, we understand that women have diverse financial aspirations, whether it’s pursuing higher education, starting a business, renovating a home, or planning a dream wedding. Our calculator takes into account these unique needs, allowing you to customize your loan amount, tenure, and interest rates to fit your specific goals.

• Real-Time Results

With Finnable’s Women’s Personal Loan EMI Calculator, you receive real-time results that instantly display the EMI amount, total interest payable, and total loan amount. This transparency enables you to make informed decisions about your loan requirements.

• Compare and Choose

Our calculator empowers you to compare different loan amounts and tenures, enabling you to choose the option that best aligns with your financial capability and long-term plans. You can tweak the variables until you find the perfect balance between EMIs and loan tenure.

• 24/7 Accessibility

Access our Women’s Personal Loan EMI Calculator anytime, anywhere, and on any device. Whether you’re at home or on the go, you can plan your finances conveniently and securely.

How to Use Finnable’s Women’s Personal Loan EMI Calculator

Using our Women’s Personal Loan EMI Calculator is simple and hassle-free:

1. Visit the Finnable website and navigate to the “Women’s Personal Loan EMI Calculator” section.
2. Enter the desired loan amount you wish to apply for.
3. Choose the loan tenure that suits your financial needs and repayment capability.
4. Input the applicable interest rate for the loan.
5. Click on the “Calculate” button.

In just a few seconds, you will get detailed information on your monthly EMIs, total interest payable, and the overall loan amount.

Personal Loan Interest Rate for Women

The personal loan interest rate for women is an amount a lender charges the borrower and is a percentage of the principal – the amount borrowed. While applying for personal loans for women, borrowers do a market study and choose a lender who provides competitive personal loan interest rates for women.

Lenders offer loans with an interest rate. This rate depends on multiple factors, including the credit score of the borrower, the principal amount of the loan, the tenure in which the loan will be repaid, and the repayment schedule of your loan EMI. Certain facets such as a higher credit score, longer loan tenure, and a smaller principal amount will attract lower interest rates and vice versa.

Eligibility for Women’s Personal Loan

The eligibility for women’s personal loan include certain features as follows:

• Be a resident of India
• Be 21 years of age while applying for a personal loan
• Be employed with either a private sector company or a government body
• Have a minimum work experience of 6 months in total and more than 3 months with the current employer
• Have a salary of more than Rs. 20,000/- per month for women living in tier 1 cities, and Rs. 15,000/- per month for those living in tier 2 cities
• Receive salary in a bank account

While these parameters apply to salaried women, homemakers can also apply for a personal loan with a co-applicant. Herein, the co-applicant will be required to comply with the above-listed eligibility criteria.