Housewives play a vital role in running the household and handling finances. Whether it's managing everyday expenses like home improvements, children's school fees, or dealing with unexpected medical bills, or pursuing personal goals like starting a side business, they now have the option to easily apply for an instant personal loan. Availing a personal loan for housewives, is easier than ever, try Buddy Loan!
Buddy Loan offers an attractive interest rate starting from 11.99% p.a. with a repayment tenure of 5 years! Avail instant loan today, with an offer in personal loan for housewives at just few clicks. Apply today!
If you need instant financial help being a housewife, you can opt for a personal loan through online lenders.
Loans for housewives are really easy to get with the user-friendly personal loan application process. Refer to the table below for further information about instant loans for housewives.
|Interest Rates||Starts at 11.99% p.a.|
|Loan Amount||₹10,000 - ₹15 Lakhs|
|Loan Tenure||6 months - 5 years|
While opting for a personal loan, it is essential to understand the interest rates on loans for housewives. Beside the interest rate, there are some extra expenses like processing fees and pre-closure costs, which may have a big impact on your repayment responsibilities.
Check out the interest rates & charges for housewives loans in the table below:
|Rate of Interest||11.99%* p.a onwards|
|Processing Fee||Up to 4% of the loan amount|
|Fore-closure Charges||2% to 5%|
|Penalty Charges||2% of the due loan amount|
As a housewife, you must meet certain eligibility requirements in order to apply for a quick personal loan. Here is a list that breaks down the requirements for eligibility for a quick loan application.
Age: must be between the ages of 21- 60 years.
Nationality: must be Indian.
Income: the co-applicant must have a minimum monthly income of ₹15,000.
Having all the required documents on hand before applying for an instant loan for unemployed housewives is essential for a smooth application procedure.
The documentation required for your loan application are:
Photo Identity Proof: PAN, Aadhaar card, or passport.
Address Proof: documents like electricity bills, bank statements, or rental agreements.
Income Proof of co-signer: must have a monthly income of ₹15000 or more.
Bank statement: the co-signer's most recent bank statement, which includes the account balance and a history of transactions.
Photograph: a recent passport-sized photograph of the applicant.
Want to get a personal loan at lower interest rate? Start with your credit score!
Now, it is easier than ever to evaluate EMI options in personal loan for housewives. Prior to the loan application, to plan the finances and ensure a smooth repayment of your loan.
Try our Buddy Loan EMI Calculator and calculate your EMI in just a few clicks. All you need to do is enter the loan amount, interest rate, and repayment tenure in months. The calculator will generate an accurate result in minutes.
|Year||Month||Principal (A)||Interest (B)||EMI (A+B)||Balance||Loan Paid to Date (%)|
You can also avail personal loan from well known banks such as SBI & HDFC, along with other established banks & NBFCs. With many banks and NBFCs offering personal loan for housewives, choosing the right lender for yourselves might seem like a daunting task.
Thus, it is important to compare the interest rates and charges of various lenders and choose the right lender that suits your needs.
|Loan Lenders||Interest Rate (p.a.)||Processing Fee|
|SBI||11% onwards||Up to 1.5% + GST|
|IDBI Bank||11% onwards||1% -2% of the loan amount|
|Standard Chartered Bank||11.49% onwards||Up to 5% of the principal amount|
|Central Bank of India||10.95% onwards||Rs.500 + GST|
|Bajaj Finserv||11.00% onwards||Up to 3.93% of the loan amount|
|Loanbaba||10.99% onwards||Up to 2% of the loan amount|
|Federal Bank||11.49% onwards||Up to 3% of the loan amount|
|Fullerton||11.99% onwards||3% - 6% of the loan amount|
|Pocketly||12% onwards||4.2% + service tax|
Read LessNote- The interest rates mentioned are subject to change. Do visit the website for more information.
There are multiple types of loan options available for housewives. It is possible to avail loans as an unemployed housewife without income proof. In some cases you need a collateral or security. However, you can also avial a personal loan without any security or collateral. Here are the types of loans offered to housewives and choose the most suitable option for you.
Personal Loan via Co-Applicant/Guarantor: housewives can enhance their loan eligibility by involving a co-applicant or guarantor with a stable income and good credit, increasing approval chances and potentially securing lower interest rates. In this case you as an housewife can get a loan without any security or income proof.
Personal Loan Against Gold: housewives can quickly access funds by pledging gold jewelry as collateral in a secured gold loan, often offering lower interest rates compared to unsecured loans.
Secured Lon: housewives can leverage their property as collateral for loans, like home equity or property-backed loans, providing larger amounts and lower interest rates; however, defaulting risks losing the collateralized property.
Personal loan for housewives comes with several features and benefits. Check out the important features that come with a personal loan below:
Get loan approved in minutes.
You can avail loan amount of upto ₹15 Lakh
Interest rates starting at just 11.99% p.a.
Get loan without risking any asset.
Choose your repayment tenure up to 5 years.
Zero hidden charges and penalties
Follow the below steps to apply for a personal loan as a housewife with BuddyLoan:
Step 2 - Fill out the application form, including the loan amount, the tenure in months, and contact details.
Step 3 - Fill out the following personal details where required:
Step 4 - Submit the details & wait for the loan confirmation.
Are you looking for a personal loan? Apply online and get instant approval!
To conclude, a personal loan for housewives can be a valuable means to help them achieve their goals. By exploring the options available, comparing interest rates, and carefully considering the terms, housewives can make informed decisions.
Connect to the best lenders through Buddy Loan and take control of your financial future today!
Ready to take next step ?
Yes, it is possible for a housewife to get a personal loan. There are many lenders in India that offer personal loans to housewives, even if they do not have a regular source of income.
You can apply for a personal loan for a housewife via Buddy Loan. Just follow the steps mentioned in the above article.
The eligibility criteria for a personal loan for housewives may vary from lender to lender. You can check all the eligibility criteria in the above article.
You will need a PAN card/ Aadhaar card/ Driving license, etc. Check all the details above.
A housewife can borrow a maximum amount of 15 lakhs as a personal loan.
You can avail a tenure of up to 1 to 5 years for a personal loan for housewives.
With Buddy Loan, you can get an interest rate starting from 11.99% p.a.
Yes, personal loans for housewives can be used for any purpose, such as medical expenses, home renovation, education expenses, debt consolidation, etc.
No, you do not need to provide collateral to take a personal loan as a housewife.
After the loan is approved and verified, it usually takes approximately 48 hours to get the loan disbursed. The approval time varies from lender to lender.
Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.
Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.