In today's time, most homemakers manage their homes and try to meet the needs of their family members. But even they have their own needs that can be sometimes best met with a loan. Can a housewife take a loan if she does not have a stable source of income? Yes, she can! Homemakers can deposit securities like gold, property, or fixed deposits in their name to avail of housewife loans.
These are called secured loans which you can get without any income proof. Some homemakers can also start earning by working (maybe part-time) from home so that they have an income and establish some credit history to get an unsecured loan such as a Personal Loan for housewives. In the case of an unsecured loan, they do not need to make any security deposit to get the loan.
The ever-evolving role of women has had a wide and positive impact on the economy. Today's women are more in control of their finances than ever before. Access to credit has opened many economic opportunities for women. Women with their wish lists and attitudes take charge of their expenses and can afford certain expenses by availing of loan for housewife.
The 21st century housewife is not a woman who’s confined to the four walls of her home. She is much more ambitious today and is fully capable of handling her domestic responsibilities along with fulfilling her entrepreneurial dreams. However, there are some obstacles in her way to fulfilling her professional aspirations. So, there are many financing options available today that offer a Personal Loan for housewives.
Personal Loans can be used for various purposes. The lender does not inquire about the purpose of availing of the Personal Loan. Hence, it is one of the most viable funding options for women who are looking forward to setting up their businesses.
With many leading financial institutions out there, Personal Loans can be easily availed through an online application process. Since Personal Loans are unsecured loans, you will not need to pledge any collateral while availing of the loan. Some of the additional benefits of taking a Personal Loan for a housewife are flexible repayment options and minimal documentation.
Get started with your business by availing of a Personal Loan or Business Loan with Poonawalla Fincorp. Some of the additional benefits of taking a loan at Poonawalla Fincorp are quick approval and instant disbursement.
If you are a homemaker driven by a strong desire to start your independent venture, visit Poonawalla Fincorp today to get a Personal Loan for your business or to meet any of your financial obligations.
If you want to take a Personal Loan as a housewife, you need to meet some simple Personal Loan eligibility criteria. Or in your case, the co-applicant must satisfy the following criteria -
Note: The eligibility conditions generally differ from one lender to another. So, before you apply for a Personal Loan from any financial institution, be sure to understand their eligibility criteria.
To get a Personal Loan for a woman as a housewife, you need to submit certain document proofs. If the co-applicant is a salaried individual, you need to submit the following documents -
If the co-applicant is a self-employed individual, you need to submit the following documents -
Loan approval will depend on the medium of the loan application. If you are in urgent need of money and want to get your loan approved and disbursed within a few hours, then you should apply for a loan online. If you apply offline by visiting one of the nearest physical branches of the lender, your loan approval and disbursement process may take a few days.
Even if you are a housewife who does not have a stable source of income, you can still avail Personal Loan by adding just one co-applicant. At Poonawalla Fincorp, we offer one of the best interest rates and easy EMI options. Also, you can enjoy a smooth repayment experience. Before applying, you can also check and use our Personal Loan EMI calculator and know your EMI in advance. So, why wait? Check out our offerings today.
Hi iam veena iam house wife I need 2 lakhs for personal needs
Hi I am Padmini I am house wife I want 150000 personal loan
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