How much time does it take to get a personal loan for women?

The time taken to get a personal loan for women depends on several factors, such as your mode of application (online or offline), your loan eligibility, and the accuracy of your documents. Once you apply online, you can get a quick loan offer depending on your eligibility. After this, our representative will get in touch with you to process the online application, which will go through various checks. If you pass all the checks, your digital loan will be approved and sanctioned. Once approved, the funds will be transferred to you shortly after approval. The offline process, where you visit any of our branches, may take slightly longer than the online process.

How much loan can I take under a personal loan for women?

The loan amount can go up to Rs. 30 Lakhs* for a personal loan for salaried employees and up to Rs. 10 lakhs* for a personal loan for self-employed individuals.

What are the minimum and maximum amounts housewives can get?

Housewives can get a personal loan with a co-applicant who has a strong credit history and a stable income source. At SMFG India Credit, the minimum loan amount that housewives can get is Rs. 50,000*. Depending on the eligibility, the maximum loan amount for salaried applicants can be availed of is Rs. 30 Lakhs*. For a self-employed applicant, the maximum loan amount is INR 10 lakhs*.

What is the minimum income required to get a personal loan for women?

If the applicant is a salaried employee, the minimum salary should be ₹16,000 per month. If the applicant is self-employed, then the minimum annual turnover profit after tax will be considered. This amount will differ according to the nature of the profession or the domain of work.

What is EMI in a personal loan, and how is it calculated?

EMI (Equated Monthly Instalment), which is the fixed monthly amount you repay towards your loan, including both principal and interest. You can use a personal loan EMI calculator to estimate your monthly instalment based on the loan amount, interest rate, and chosen tenure.

What should be the ideal CIBIL score to get a personal loan for women?

A good CIBIL score for a personal loan is 705 or above (700 for self-employed individuals).

Personal Loan for Women

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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

Quick Online Approval

Check your loan eligibility, fill out a simple form online, upload documents, and get swift loan approval!

Online Account Access

From the loan application to approval, all our processes are online. Your loan details are always at your fingertips.

Quick Disbursal

Enjoy prompt loan disbursement* after final loan approval.

Preferential Interest Rates

We support your every dream, so we ensure that you enjoy preferential interest rates.

No collateral required*

Get your unsecured loan without providing any collateral.

*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	PAN card or Form 60 must be submitted by both the applicant and the co-applicant (if applicable)	PAN card or Form 60 must be submitted by both the applicant and the co-applicant (if applicable)
Proof of Identity and Proof of Address (any one)	Passport Driving Licence Aadhaar Voter ID provided by the Election Commission of India MNREGA Job Card authorised by a State Government officer National Population Register listing name and address	Passport Driving Licence Aadhaar Voter ID provided by the Election Commission of India MNREGA Job Card authorised by a State Government officer National Population Register listing name and address
Signature Proof (any one)	Passport PAN	Passport PAN
Bank Statements	Bank account statements for the last 6 months	Bank account statements for the last 6 months
Income Documents	Salary slips for the last 3 months Income Tax Returns or Form 16	Balance sheet and profit and loss account, income computation for the last 2 years Income Tax Returns for the last 2 years IT Assessment or Clearance certificate Income Tax challans or TDS certificate (Form 16A) OR Form 26AS for income declared in ITR
Business Proof (any one)	NA	Licence Registration Certificate GST Number

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!

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Personal Loan for Women

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* 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.

FAQs on Personal Loan for Women

What is a personal loan for women?

It is an unsecured loan designed to give women convenient access to funds for education, travel, home upgrades, medical needs, or personal goals.

How can I apply for a personal loan for women online?

You can apply by completing the digital loan form, verifying your mobile number, and uploading the required documents for assessment. Once approved, the funds are directly transferred to your registered account.

Is a housewife eligible for a personal loan?

Yes. A housewife may be eligible if she has an independent income source or applies jointly with a co-applicant/employed family member who meets income and credit criteria. Final approval depends on the NBFC (Non-Banking Financial Company) or lender’s policy.