Avail of a Collateral-free Personal Loan for Women today!
Over the past decade, many women have begun to actively contribute financially to their families as well as the nation’s economy. Therefore, it's only fair that they have access to Personal Loan that cater specifically to their needs.
With Poonawalla Fincorp’s Personal Loan for Women, you can fulfil various important needs, such as education, medical emergencies, and more. Our loan is collateral-free and can be applied for through an easy online application process with minimal documentation.
Personal Loan EMI Calculator
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EMI Amount = *
Interest Rates and Charges on Personal Loans for Women
| Personal Loan Interest Rates | 9.99%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹30 Lakh |
| Loan Processing Fees | Up to 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,124* per Lakh for 60 months |
| Loan Tenure | 12 – 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Other Hidden Charges | Nil |
Personal Loans for Women in India: How Can it be Utilised?
Personal Lonas are one of the most versatile financial products in India that can be obtained to fulfil a host of different purposes, such as:
- Higher Education
- Home Renovation
- Medical Emergencies
- Wedding Planning
- Travel or Vacation
At Poonawalla Fincorp, we do not ask for the purpose of a Personal Loan when processing an application. We understand that the financial needs of women are diverse and varied. Hence, we enable you to utilise the funds from a Personal Loan for Women based on your specific requirements.
Eligibility Criteria for Personal Loans for Women in India
We have kept the eligibility criteria as simple as possible, making it easier for women to avail of a Personal Loan easily.
Personal Loan Eligibility Criteria
Age
Between 22 and 57 years
Citizenship
Indian
Employment
At least one year of work experience
Income
At least ₹30,000
- Age - The borrower must be at least 22 years old at the time of applying for the loan and 57 years old at loan maturity. This criterion has been put in place to ensure that the borrower is a salaried individual.
- Citizenship - The borrower must be a citizen of India.
- Employment - The borrower should have at least one year of work experience, with a minimum of one month of stable employment at their current job.
- Income - The borrower must have a monthly income of at least ₹30,000.
Note: The above-mentioned eligibility criteria are indicative. Additional criteria may be specified during loan processing.
Documents Required for a Personal Loan for Women in India
Poonawalla Fincorp only asks for basic and necessary documents. Here is an indicative list of the documents we require during the loan application process:
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Identity Proof
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Income Proof
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Address Proof
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Employment Proof
- Identity Proof - Borrowers will need to submit a PAN card or an Aadhaar card.
- Income Proof - Borrowers can submit their bank financial statements.
- Address Proof - Borrowers can verify their address by submitting a copy of their passport, rent agreement, or utility bills (such as electricity bills).
- Employment Proof - Borrower needs to submit any form of proof of employment like the salary slips from the past three months.
Additional documents may be required from the borrower on a case-to-case basis.
Features and Benefits of Personal Loans for Women in India
Some of the most essential features and benefits of our Personal Loan for Women include:
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Collateral-free Loans
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Flexible Repayment Tenure
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Attractive Interest Rates
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Easy Application Process
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No Foreclosure Charges
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Multipurpose Loan
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No Hidden Charges
Collateral-free Loans
You don’t have to go through the hassle of providing collateral to avail of a loan from us. It is provided purely based on your income and financial strength.
Flexible Repayment Tenure
Our Personal Loans come with a flexible repayment tenure of up to 60 months. You can choose the tenure at the time of applying for the loan.
Attractive Low-Interest Rates
Poonawalla Fincorp’s interest rates for a Personal Loan start from just 9.99%* per annum. Several factors determine the interest rate offered, such as CIBIL score, income level, etc.
Easy Application Process
The borrower’s convenience is important to us, which is why we make our online loan application process as easy and convenient as possible.
No Foreclosure Charges
We do not charge any pre-payment penalty for Personal Loans. You can prepay the loan if you have sufficient funds to do so, without having to worry about any prepayment penalty.
Funds Can be Used for Any Purpose
A Personal Loan for Women can be used for any purpose, such as medical emergencies, higher education, funding home renovation, etc.
No Hidden Costs
All applicable charges on our loan are clearly communicated to you before and during the loan application process.
Apply for Personal Loan for Women within 5 Minutes
Apply
Online
Apply Online
Click on ‘Apply Now’ and complete the application form
Personal
Details
Personal Details
Enter your DOB, qualification, and residential details
Verification
Verification
Submit and upload all details for verification and assessment
Frequently Asked Questions on Personal Loans for Women in India
The application process for Poonawalla Fincorp’s Personal Loan for Women has been kept as easy as possible. Here are the steps:
- Step 1: Visit the ‘Personal Loan’ page on our website, check eligibility criteria, and click on ‘Apply Now’.
- Step 2: Complete the loan application form.
- Step 3: Upload and submit the relevant documents.
After successful verification and assessment of your loan application, the approved loan amount will be disbursed directly to your bank account.
Yes, you can check the EMI calculator for Personal Loans to determine your monthly repayment schedule.
*Terms & Conditions Apply
