Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

5 Benefits of Instant Personal Loans For Women

Published on Nov 11, 2022Updated on Feb 20, 2024

5 Benefits of Instant Personal Loans For Women

Women in India are seeing massive development both personally and professionally. Many women are seeking higher education opportunities, even internationally, many are embarking on entrepreneurial ventures, and many others are participating in healthy corporate competition. With such opportunities of growth evident everywhere, the earning potential of women is seeing a rise too. To support such financial gains, a critically wise decision that most women are making is taking up a personal loan to amplify the returns of all opportunities that come their way. Read along to know more about the benefits of a personal loan for women in all fields of study and work.

Top 5 Benefits of Getting a Personal Loan For Women

Not only does an instant personal loan give your finances a boost, it also gives you the freedom to take bold steps in the right direction. When you apply for a personal loan, you sign up for the following 5 benefits:

1. Become Independent

As a housewife or small business owner, as a budding entrepreneur or a career-oriented professional, taking up a personal loan by yourself makes you independent of all. You need not rely upon any other individual to see your dreams come true. With loan amounts extending up to INR 25 lakhs with NBFCs like SMFG India Credit, you can take actions on your own account and grow with time.

A personal loan equips you with your own funds and gives you a sense of development and pride.

2. Utilise the Funds for Any Operation

The main advantage of taking up a personal loan is that you need not be bound by any limitations of using it. No rules dictate you to divert the funds to a particular cause. If you are starting your own small business, you can use 50% to rent an office space, 30% to buy resources, and 20% to hire workmen to help you out. If you are looking for a loan to fund your higher education, then you can use 60% of the amount as college fees and 40% for transport, living expenses, and material accumulation.

With a personal loan for women, you need not justify how your funds are distributed.

Must Read: How Working Women Can Avail a Personal Loan in Few Steps?

3. Gain Access To The Money Instantly

As soon as you apply for a personal loan, the lending institution will start working on the approval process immediately, especially when the entire procedure is conducted online. After your application is approved, you can get the funds transferred to your bank account within 24 hours* or 1 working day* in most cases.

Such quick access to funds empowers you to execute your plans without delay.

4. Enjoy Low Interest Rates

One of the most significant benefits of a personal loan for women is that they need to bear only a nominal interest rate. With lending bodies like SMFG India Credit, interest rates begin at only 11.99% per annum. Such low personal loan rates encourage more women to take up financially challenging initiatives without any worry of loss. These facilities empower women to dream boldly and implement their strategies for growth.

You can use an online personal loan calculator for EMI and interest payable to understand more about your monthly budget post borrowing.

5. Do Not Put Any Security At Risk

Personal loans for women offer one major advantage: They are collateral-free.

This means that you do not have to pledge any of your precious personal assets to the lending firm if you wish to borrow their money. You remain in full possession and control of your securities. These include ornaments made of gold, real estate properties, stocks or bonds, and even business-related inventory. Such an assurance takes much mental stress and burden off your back. You can completely focus on working towards your goals without worrying about losing anything you rightfully own.

Personal Loans For Women

Today, it is easy to obtain a personal loan. All processes, from application to approval, from document submission to funds transfer, takes place online. The eligibility criteria to apply for a personal loan is minimum and the documents required are basic. To know more about your qualification for a personal loan, you can take the help of SMFG India Credit’s online personal loan calculator for eligibility criteria. Moreover, interest rates start from only 11.99% per annum and tenures reach up to 60 months.


It is the goal of companies like SMFG India Credit to see more women rise to the top. We aim to eliminate as many hurdles as possible from the paths of aspiring women and to help them leverage their time and money in doing something worthwhile. For this, we offer reasonable interest rates, convenient repayment options, and no hidden charges. Check out our personal loan documentation and apply for a personal loan today. When it comes to dreaming big, let no financial worries weigh you down.

* Please note that this article is for your knowledge only. Loans are disbursed at the sole discretion of SMFG India Credit. Final approval, loan terms, disbursal process, foreclosure charges and foreclosure process will be subject to SMFG India Credit's policy at the time of loan application. If you wish to know more about our products and services, please contact us

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