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Get a Personal Loan for Women
A personal loan for women can be a powerful financial tool to support independence and fulfil personal aspirations.
SMFG India Credit offers customised ladies' personal loans at attractive interest rates starting from 13%* per annum, with no collateral required.
With flexible loan repayment tenures, fast approvals (subject to eligibility), and minimal documentation requirements, these loans for women are designed to cater to a variety of needs – from higher education and travel to business expansion. You can enjoy exclusive benefits and features tailored for women, making the borrowing experience seamless and helping you move one step closer to your dreams.
Features and Benefits of Personal Loan for Women
*Terms and Conditions Apply
Eligibility Criteria for a Loan for Women
A women’s personal loan is approved based on factors such as age, income, and credit score. You can also use a personal loan eligibility calculator to check your potential loan amount before applying.
Key personal loan eligibility requirements at SMFG India Credit include:
| Factors | Salaried Employees | Self-Employed Individuals |
| Age | Must be between 21 and 65 years | Must be between 21 and 65 years |
| Nationality | Must be a resident Indian | Must be a resident Indian |
| Credit Score/CIBIL Score | Must be 705 or above | Must be 700 or above |
| Work/Business Experience | Must have at least 1 year of work experience, with the last 6 months under the current employer | Business must be at least 3 years old |
| Minimum Income | Monthly income must be at least Rs. 16,000 | Annual turnover must cross the minimum threshold, varying based on the profession |
| EMI (Equated Monthly Instalment) | EMI should be a maximum of 60% - 70% of the monthly income | EMI should be a maximum of 65% of the monthly income |
*Please note that this is only the basic eligibility criteria for a personal loan for females. The final eligibility and loan approval will depend on several factors, including SMFG India Credit’s policy at the time of loan application.
Documents Required for Personal Loan for Women
You only need a few personal loan documents to complete your application for an online loan for women. These allow identity, income, and address verification, ensuring your women’s loan is processed efficiently.
| Type of Document | Salaried Employees | Self-Employed Individuals |
| PAN Card |
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| Proof of Identity and Proof of Address (any one) |
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| Signature Proof (any one) |
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| Bank Statements |
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| Income Documents |
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| Business Proof (any one) |
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Important Guidelines:
Co-applicants must also submit PAN, KYC, and other essential documents when applying for the women’s loan. The checklist above is only illustrative, and additional documents may be requested depending on the specific loan product, credit profile, and our policies at the time of loan application.
- Original identity and address proofs, and other supporting documents, should be ready for physical verification during the process, unless digital KYC has been fully completed.
- If there is a mismatch between the address in your documents and your current place of residence, you may provide a Deemed OVD. Click here to check the list of approved Deemed OVDs.
- Within 3 months of providing the initial address proof, you must submit an Officially Valid Document (OVD) that reflects your current residential address.
Interest Rate & Charges for Personal Loan for Women
Your personal loan interest rate will depend on factors like income, stability, CIBIL score, and overall eligibility. A strong repayment record and disciplined loan repayment history can help you qualify for better rates on your women's personal loan.
| Fees & Charges | Amount Chargeable |
| Personal Loan Interest Rate | Starting at 13%* per annum |
| Processing Fee | Up to 3.75% of the total loan amount + GST |
| Late Payment Charges | 2% per month (24% per annum) on overdue amount calculated on day to day basis payable from the relevant due date till date of actual payment |
| Cheque/ECS/NACH Dishonour Charges (per dishonour of cheque/ECS/NACH per presentation) | INR 500 |
| Loan Cancellation Charges (loan cancelled before the first EMI) | INR 1000 + GST |
| Loan Tenure | Up to 60 months |
How to Apply for a Personal Loan for Women? (Step-by-Step Guide)
You can apply online for personal loan in just a few simple steps:
- Verify Your Contact Details: Enter your mobile number, PAN, pincode, and employment type (salaried or self-employed). Confirm your number via OTP.
- Share Additional Information: Add details such as monthly income and current repayment obligations.
- Pick Your Suitable Offer: Based on criteria like credit score, income, and existing debt, a customised loan offer will be shown. Select the one that fits your preference.
- Complete KYC and Submit: Finish your digital KYC and upload documents if prompted, as per our policy at the time of loan application. Submit the application to complete the process.
*Loans above Rs 2.50 lakhs may require additional assessment. A representative will connect with you if any further details are needed.
Empower Your Goals with a Personal Loan for Women
A personal loan for women is more than just financing – it’s a step toward empowerment. With SMFG India Credit, you can access flexible funding to support your higher education goals, expand your business, or pursue personal passions. These unsecured loans for women come with flexible tenures of up to 60 months and competitive interest rates starting at 13%* per annum, helping make your financial goals more achievable. A hassle-free online application process, minimal documentation, and quick loan disbursement ensure that women can focus on their ambitions without unnecessary delays. Apply online today!
Page also available in: हिन्दी - Hindi
* Please note that loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms and disbursal process will be subject to SMFG India Credit's policy at the time of loan application. If you are an existing customer and wish to foreclose your loan, please note that foreclosure terms and charges will be applicable as per our policy at the time of loan foreclosure.
Personal Loan By Amount
Reasons to buy
You can take our personal loan for a variety of reasons.
Wedding Expenses
Higher Studies
Exotic Vacations
Hobbies