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Personal Loan For Women

Personal Loan for Women

Women are no longer considered just caretakers or homemakers. Their role in society has seen a significant shift, and rightly so.

At Finnable, we have crafted instant loans for women, keeping in line with the emancipated role of women in society. Women today can get an online personal loan for various reasons. Be it in case of a medical emergency, to plan a solo vacation, home renovation, buy an appliance or vehicle, or even for the wedding expenses of a family member.

A personal loan for women is a type of unsecured personal loan that can be availed through Finnable at attractive personal loan interest rates with flexible tenure and repayment options that suits their financial budget.

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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.

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.

Features of Personal Loan For Women

Finnable Customers
5274 people have applied for loan in the last 24 hours
5/5
5000 people have rated this loan as the best product
Instant Personal Loan

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Personal Loan Assistant

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 60 months.

Get rewards

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.

Get rewards

Get Rewards

Timely EMI payments makes you eligible for a cashback of upto Rs. 200 per month. At Finnable we are the first in the industry to reward you to pay on time and improve your credit score.

Instant Personal Loan

Get loans quickly

Apply for a personal loan in a few clicks by submitting only a few basic documents and get the loan money transferred in your account as quickly as 2 hours. The entire process is 100% digital.

High Loan Amount

High Loan Amount

Apply for personal loans with minimum documentation and get high loan amounts of upto Rs.10 Lakhs. The loan tenure can be anywhere between 6 and 60 months.

Personal Loan Assistant

Personal loan Assistant

Please write to your personal loan assistant at makeiteasy@finnable.com for any support. We aim to provide you a seamless and hassle-free experience.
Finnable Customers
5274 people have applied for loan in the last 24 hours
5/5
Over 5000 customers have rated us 5 stars in Play store

Personal loans can be used for multiple purposes- to fulfil your desires or meet urgent financial needs. This is why we bring you a range of products to suit your needs and desires.

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FAQs About Personal Loan for Women

Personal loans for women are to be repaid through Equated Monthly Instalments or EMIs. Before availing an instant loan, you can calculate your EMI with Finnable’s EMI calculator.

Women do not require a guarantor while availing a personal loan.

No, there is no requirement for a guarantor for a personal loan.

The applicant who wishes to apply and avail a loan for women can use this EMI calculator to calculate the EMI amount. Enter the total loan amount, the tenure of the loan, and the applicable interest rate. 

The EMI amount will depend on the tenure as the principal amount is fixed by the applicant and the interest rate is decided by the lender. If the borrower wishes to pay a smaller amount as EMI, then the tenure needs to be longer and vice versa.

An instant loan for women can be applied for in 4 simple steps: 

 

Step 1: Visit Finnable’s website or download the Finnable Personal Loan app.

Step 2: Register yourself and create your profile by entering the required personal as well as professional details.

Step 3: Choose a personal loan for women and enter the amount required.

Step 4: Upload your documents and you will receive the funds for your loan after 6 hours of approval.

This is an unsecured loan like a wedding loan or a home renovation loan. Finnable offers instant loans for women at attractive interest rates between 16% to 26%. We also provide loans for women without a credit score. However, having a high credit score can mean that you can avail higher loan amounts at a lower interest rate.

To avail and apply for this loan, the applicant has to meet the following loan eligibility criteria

  • At the time of application, the applicant has to be employed in a private company or a public organisation. 
  • Work experience in the current organisation should be more than 3 months with a total work experience of more than 6 months
  • Currently have a stable income of Rs 25,000 per month. 
  • The salary needs to be credited to a bank account.

Women can apply for a personal loan online. To do so, they would require some basic documentation at the time of application.

  • For quick approval of the instant personal loan for women, applicants must submit their Aadhar card. 
  • PAN card needs to be submitted for identity proof.
  • To show constant income flow, salary slips for the last 2 months need to be attached.
  • A bank statement of the salary account on email needs to be provided. If unavailable, the applicant should be able to access the account through net banking.

You can contact Finnable through their website or get more information about their personal loan for women on their app.

The repayment tenure can range between 6 to 60 months.

The credit or CIBIL score is a three-digit numeric summary of your credit history. It acts as a measure to prove your repayment capability. CIBIL scores around 900 are considered beneficial. If the score is below 700, you can follow the below-mentioned ways to improve it and get a women's professional personal loan:

  • Timely pay your credit card dues in full. Defaulting on your credit card payment can lower your CIBIL score.
  • Stay within the credit card limit. Going beyond this limit is a reflection of high credit usage, which can dent your CIBIL score.
  • Avoid taking many loans before you apply for a personal loan for women.
  • Pay your personal EMI loans, if any, on time.
  • Inquire about the CIBIL score only once or twice a month.
  • Retain your old credit cards to lengthen your credit history.

Being a government employee comes with its perks, in terms of higher income certainty, secure job, and stability. Lenders factor in credit risks while setting interest rates and accordingly prefer lending loans to government employees.
A personal loan will be the wind beneath their wings. Now women can enjoy financial freedom with Finnable.