In today's world, women are achieving unprecedented levels of financial independence and breaking barriers across various sectors. However, on the journey to financial empowerment, the need for additional financial resources often arises. That's where personal loans for women come into picture, designed to provide the financial backing required to pursue dreams, investments, education, or entrepreneurial ventures.
Loans for women are specifically curated with the unique needs and aspirations of women in mind, ensuring accessibility, flexibility, and a stepping stone towards achieving financial goals.
Buddy loan has been here to support your financial aspirations. Buddy Loan offers a personal loan for women at an interest rate, starting at 11.99% p.a with a tenure period of 5 years.
Get tonow more about personal loans for women that can serve as a trusted financial service and ways you avail your desired loan.
Now, get the financial empowerment and convenience at your fingertips.
Here’s a comprehensive overview of details on instant personal loan for women that you can avail with Buddy loan with a simple application process and instant loan approval.
Loan Type | Personal loan for women |
---|---|
Interest Rates | Starting at 11.99%* p.a. |
Loan Amount | ₹10,000 - ₹15 Lakhs |
Loan Tenure | 6 months - 5 years |
Go through the table to understand the interest rates involved, along with other additional charges, before you plan to avail personal loan for women.
Processing Fee | Up to 4% of the loan amount |
Fore-closure Charges | 2% to 5% |
Penalty Charges | 2% of the due loan amount |
Rate of Interest | 11.99%* p.a onwards |
Being aware of the eligibility criteria required to avail mahila personal loan will help you to further plan and customise your loan. Here is a list that entails details on the essential requirements and eligibility criteria to help women seize their financial objectives.
To experience a seamless process made even more accessible with straightforward documentation. By providing these documents and minimal paperwork, you can avail your desired personal loan from Rs 10,000-15 Lakhs.
Using a personal loan EMI calculator, you can estimate your monthly repayments, evaluate the loan tenure, and make well-informed decisions, ensuring the loan aligns with your financial capabilities and aspirations.
Now you can estimate your EMI by using this specific formula by following the outlined steps.
Here’s the formula that is used to calculate your EMI:
E =[P x R x (1+R)^N]/[(1+R)^N-1]
Here in the equation,
Example:
Now, let's substitute these values using the personal loan EMI calculator formula:
EMI = [500000 × 0.0099× (1 + 0.0099)^60] / [(1 +0.0099)^60) - 1]
EMI = ₹10,994
Hence, assuming a personal loan of ₹5 lakhs at an interest rate of 11.99% for a tenure of 5 years, your monthly repayment amount would be up to Rs 10,994
This comparison guide to discover a curated selection of loan providers dedicated to serving the unique financial needs of women. Delve into the offerings, benefits, and solutions to make an informed choice, ensuring financial growth and empowerment on your terms.
Loan Lenders | Interest Rate (p.a.) |
---|---|
State Bank of India | 11% onwards |
Standard Chartered Bank | 11.49% onwards |
Central Bank of India | 10.95% onwards |
IDBI Bank | 11% onwards |
Bajaj Finserv | 11.00% onwards |
Fullerton | 11.99% onwards |
Pocketly | 12% onwards |
Loanbaba | 10.99% onwards |
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Below, we have provided a list of types loan offered by government schemes for women entrepreneurs:
Mudra Loan for Women - This is a government loan scheme for ladies that offers loans for aspiring entrepreneurs without requiring collateral. They come in three categories which include:
\Stree Shakti Yojana - This Stree Shakti scheme allows women to avail of an interest concession of 0.05% on loans more than Rs. 2 lakh.
Dena Shakti Scheme - Loans up to Rs. 20 lakh are provided for women entrepreneurs in agriculture, manufacturing, micro-credit, retail stores, or small enterprises.
Bharatiya Mahila Bank Business Loan - Women enterprise can avail up to Rs 20 Lakhs. And here is the Bharatiya Mahila Bank Business loan.
Mahila Udyam Nidhi Yojana -The scheme supports women entrepreneurs by extending loans up to Rs. 10 lakh.
Orient Mahila Vikas Yojana Scheme - Women entrepreneurs owning 51% share capital individually or jointly with a proprietary concern.
Cent Kalyani Scheme - This is a government loan scheme for ladies that can be availed by both existing and new entrepreneurs and self-employed women.
Udyogini Scheme - The Women Development Corporation has implemented the Udyogini Scheme under the Government of India.
Pradhan Mantri Rozgar Yojana - The objective of Pradhan Mantri Rozgar Yojana is to provide opportunities of self-employment for the educated youth .
Synd Mahila Shakti Scheme - Under this plan, the bank offers financial backup to those women entrepreneurs and professionals
Experience seamless loan availing journey with these exclusive features and benefits of a personal loan for women:
Get fastest loan
approval
You can avail loan
amount of upto ₹15 Lakh
Interest rates starting
at just 11.99% p.a.
Get loan without
providing any asset.
The repayment tenure
extends upto 5 years.
Zero hidden charges
Steps To Apply For a Personal Loan with Buddy Loan
Are you looking for a personal loan?
personal loan for women is a financial product that offers a lump sum amount with a fixed interest rate and repayment period, catering to the specific financial needs and requirements of women.
One can apply for a personal loan with Buddy loan by quickly following the steps mentioned above.
Eligibility criteria vary by lender but generally include age, income, credit score, employment stability, and citizenship.
Commonly required documents include proof of identity, address, income, employment, and bank statements.
With BuddyLoan, one can apply maximum personal loan for women upto 15 Lakhs.
With Buddy loan the tenure, or repayment period, for a personal loan for women usually ranges from 6 months to 5 years
Buddy loan provides a personal loan for women starting at an interest of 11.99%.
Yes, personal loans for women can be used for various purposes, including education, medical expenses, home renovation, travel, debt consolidation, business investment, or any other legitimate financial need.
Personal loans are usually unsecured, meaning they do not require collateral.
The approval and disbursement timeline for a personal loan can vary. With Buddy Loan one can get loan approval in minutes.
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