A personal loan for women can help address a wide range of financial needs, from planned expenses to unexpected requirements. SMFG India Credit offers personal loans for women online with loan amounts ranging from Rs. 50,000 to Rs. 30,00,000*, flexible repayment tenures from 12 to 60 months, and interest rates starting from 13%* per annum. The loan is available without collateral requirements, with minimal documentation and a 100% paperless application process.
Apply for a personal loan for women online to access financing for higher education, medical expenses, travel, business expansion, or home improvements. Explore the features, eligibility criteria, and application process for an SMFG India Credit 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
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 25 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 female personal loan. The final personal loan for women’s eligibility and loan approval will depend on several factors, including SMFG India Credit’s policy at the time of loan application.
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.
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 |
A personal loan for ladies can be used for a wide range of personal and professional needs. Common women’s loan purposes are:
SMFG India Credit is a trusted NBFC offering personal loans for women across India. Here is why women borrowers choose us:
You can apply online for a personal loan in just a few simple steps:
*Loans above Rs 2.50 lakhs may require additional assessment. A representative will connect with you if any further details are needed.
When you apply for a personal loan for women online, it is important to protect your personal and financial information. Here are key precautions to take:
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!
* 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.
It is an unsecured loan designed to give women convenient access to funds for education, travel, home upgrades, medical needs, or personal goals.
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.
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.
As one of the leading NBFCs, SMFG India Credit offers flexible repayment tenures between 12 and 60 months, giving you the flexibility to choose a personal loan for 12 months or a longer tenure that suits your financial needs.
You can take our personal loan for a variety of reasons.
Wedding Expenses
Higher Studies
Exotic Vacations
Hobbies
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