Personal Loan For Women

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.

Highlights of Instant Personal Loan Online for Women

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
*The interest rates mentioned are dynamic and subject to change based on your credit history and creditworthiness.

Interest Rates For Personal Loan For Women

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
The interest rates mentioned are dynamic and subject to change based on your credit history and creditworthiness.

Eligibility Criteria For Personal Loan For women

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.

  • 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.

Documents Required for Personal Loan For women

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.

  • Address Proof- Documents like electricity bills, bank statements, or rental agreements.
  • Photo Identity Proof- PAN, Aadhaar card, or passport.
  • 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- Recent passport-sized photograph of the applicant.

EMI Calculation for Personal Loan For women

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.

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

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,

  • E stands for EMI
  • P stands for principal loan amount
  • R stands for the monthly rate of interest
  • N stands for tenure period.


  • P = ₹5,00,000
  • Annual interest rate = 11.99% p.a
  • R = 11.99% / 12 / 100 = 0.0099
  • Loan tenure in years = 5
  • Number of monthly installments (n) = 5 * 12 = 60.

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

Comparison of Loan Lenders For Women

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

Read More

Read Less

Types of Loans Offered to Women

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:

  1. Shishu Loan: Maximum loan amount of Rs. 50,000 for businesses in their initial stages.
  2. Kishor Loan: Loans ranging from Rs. 50,000 to Rs. 5 Lakhs for established businesses aiming for improvements.
  3. Tarun Loan: Loan amounts of up to Rs. 10 Lakhs for well-established businesses planning expansion.

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.

  • Targets women with a significant ownership stake in their businesses.
  • With reduced interest rates, the equated monthly installment (EMI) is more affordable, facilitating easier repayment for women entrepreneurs.
  • This specialized loan scheme is designed for women entrepreneurs.

Dena Shakti Scheme - Loans up to Rs. 20 lakh are provided for women entrepreneurs in agriculture, manufacturing, micro-credit, retail stores, or small enterprises.

  • Under the microcredit category, women can avail a loan of up to Rs. 50,000.
  • The Dena Shakti Scheme offers a notable concession of 0.25% on the interest rate.
  • The scheme provides a flexible tenure period for loan repayment

Bharatiya Mahila Bank Business Loan - Women enterprise can avail up to Rs 20 Lakhs. And here is the Bharatiya Mahila Bank Business loan.

  1. Shringaar Loan:
    • You can avail loan amount up to Rs. 20 Crores
    • Competitive interest rates are offered based on market conditions.
    • Flexible tenure based on the borrower's repayment capacity and business requirements.
  2. Parvarish Loan:
    • You can avail loan amount up to Rs. 1 Crore
    • Competitive interest rates based on prevailing market conditions.
    • Flexible tenure as per the borrower's financial capacity and business needs.
  3. Annapurna Loan:

    • As per the business requirements of food entrepreneurs within the specified range.
    • Attractive interest rates aligned with market dynamics.
    • Flexible tenure options to suit the repayment capacity and expansion plans.

Mahila Udyam Nidhi Yojana -The scheme supports women entrepreneurs by extending loans up to Rs. 10 lakh.

  • This govt loan scheme for ladies is offered by Punjab National Bank and Small Industries Development Bank of India
  • The tenure period can extend up to 10 years
  • The rate of interest charged depends upon the market rates.

Orient Mahila Vikas Yojana Scheme - Women entrepreneurs owning 51% share capital individually or jointly with a proprietary concern.

  • This loan provides tenure for 7 years.
  • Competitive market-based rates, offers to a 2% interest rate concession
  • Collateral required for loans between Rs. 10 lakhs to Rs. 25 lakhs

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.

  • Interest Rate is based on prevailing market rates
  • Tenure Period can extend up to maximum repayment tenure of 7 years
  • EMI calculation is based on the loan amount, interest rate, and tenure.

Udyogini Scheme - The Women Development Corporation has implemented the Udyogini Scheme under the Government of India.

  • Loan quantum as per scheme guidelines
  • Interest Rate are based on per scheme provisions and market rates
  • Repayment terms is specified under the scheme

Pradhan Mantri Rozgar Yojana - The objective of Pradhan Mantri Rozgar Yojana is to provide opportunities of self-employment for the educated youth .

  • Avail loan amount up to Rs. 1 Lakh
  • Interest Rate are market-driven interest rates
  • Repayment tenure ranging from 3 to 7 years

Synd Mahila Shakti Scheme - Under this plan, the bank offers financial backup to those women entrepreneurs and professionals

  • Avail loan Up to Rs. 5 Crores
  • Minimum interest rate is 10.25% (concessional rates for specific amounts)
  • No specific tenure mentioned

Features and Benefits for Personal loans for women

Experience seamless loan availing journey with these exclusive features and benefits of a personal loan for women:


Get fastest loan

10-000 - ₹15L

You can avail loan
amount of upto ₹15 Lakh

Interest Rates

Interest rates starting
at just 11.99% p.a.

0 Collateral

Get loan without
providing any asset.

Flexible tenure

The repayment tenure
extends upto 5 years.

No Hidden Charges

Zero hidden charges

Steps to Apply Only for a Personal Loan With Buddy Loan

Steps To Apply For a Personal Loan with Buddy Loan

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Are you looking for a personal loan?

Frequently Asked Questions

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.

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.