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Loan for Women
- Attractive interest rates
- Easy & flexible repayment options
- Easy application process with quick sanctions
What is a Personal Loan for Women?
A personal loan for women is a specialized financial product designed to provide quick access to funds for various personal and professional needs. Whether you are looking to start a business, finance higher education, cover medical expenses, or fulfill personal aspirations, this loan offers flexible repayment options and minimal documentation. The personal loan for women comes with competitive interest rates and an easy application process.
The loan is available to salaried and self-employed women, ensuring they can meet their financial goals without hassle. Additionally, digital application and approval processes make it a convenient solution for modern financial needs.
Features of a Personal Loan for Women
Choose Repayment Tenure
Flexible tenure ranging from 12 to 60 months.
Collateral-free loan
No need to pledge assets for loan approval.
Instant disbursal
Funds are transferred within 24 hours of approval.
Minimal documentation
Quick and paperless application process.
Prepayment and foreclosure options
Pay off your loan early with minimal charges.
Eligibility Criteria for Personal Loan for Women
To qualify for a personal loan for women, applicants must meet the following criteria:
Documents Required for Personal Loan for Women
- Identity Proof: Aadhaar card, PAN card, or passport.
- Address Proof: Utility bill, Rental agreement, or Voter ID.
- Income Proof: Salary slips (last three months) for salaried individuals, ITR and profit & loss statement for self-employed individuals.
- Bank Statements: Last six months’ statements.
- Photograph: Recent passport-size photograph.
Eligibility Criteria for Personal Loan for Women
- Age: 21 to 60 years
- Employment Type: Salaried or self-employed
- Minimum Monthly Income: ₹20,000 for salaried women and ₹30,000 for self-employed women
- Credit Score: 750 or above.
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Work Experience: Minimum 6 months for salaried professionals.
2 years of business continuity for self-employed women.
How Can You Apply for a Personal Loan for Women?
Visit the Official Website
Navigate to the personal loan section
Check Eligibility
Enter basic details like age, income, and credit score.
Fill Out the Application Form
Fill out necessary personal and financial details.
Upload Required Documents
Upload the necessary documents for verification.
Submit the Application
Wait for approval after the submission of your application.
Receive Loan Disbursal
Get the loan amount directly into your bank account within 24 hours of approval.
Revision of Reference Rates for determining Interest Rates on loans given
ABCL has increased its Long-Term Reference Rate (LTRR) by 20 bps to 20.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor greater than 12 months that are linked to the LTRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
ABCL has increased its Short-Term Reference Rate (STRR) by 20 bps to 19.45% p.a. with effect from March 1, 2024. The interest rate on the floating rate loans of tenor up to 12 months that are linked to the STRR will be revised upwards by 20 bps. The spread / margin on the said loans will remain unchanged.
Fees and Charges for Loans for Women
| Charge Type | Amount |
|---|---|
| Cheque Return charges | ₹500 + GST per instance |
| Default Penal charges | 3% of the pending amount per month |
| Charges for cancellation of Loan | 4% of loan amount disbursed + applicable taxes |
| CIBIL report retrieval fees | ₹100 + GST per instance |
| Charge for Exchanging PDCs / ECS | ₹750 + GST per instance |
| Loan reschedule charges | ₹5000 + GST per instance |
| Stamp Duty | As per Actual if applicable |
| Insurance Premium | As per Actual, if applicable |
| Pre-closure Quote | ₹1000 + GST per instance |
| Any other charges | As per Actual, if applicable |
| Part - Pre-Payment Charges | Charges:
A) Nil Charges - If Part prepayment is equal to 20% of the total disbursed amount in a year B) 3% + GST on Remaining Loan amount - If part payment is greater than 20% of the total disbursed Conditions: A) No pre-payment is allowed in the first 6 months from the date of disbursement B) Part Pre-Payment amount should be equal to OR greater than a total of 3 EMIs. C) Part-prepayment is allowed only once in the first year of loan tenure. |
| Foreclosure Charges |
4% of the Principal outstanding amount + GST
Condition: Foreclosure is allowed only after 12 months from the date of loan disbursal. |
Balance Transfer
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Reduced Interest Rates -
Lower Monthly Payments
Top-Up
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Comprehensive coverage
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Affordable with low premiums
Different financial needs, different loans, one app - ABCD
For weddings, travel, vehicle purchases, or any other obligation, fulfil any need with personal finance solutions offered by the ABCD app.
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Range of loan options for different needs
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Range of loan options for different needs
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Quick sanctions and disbursals
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Customer Satisfaction Stories
Hear from our happy customers what they have to say about their experience with us.
Mr. Hiralkumar Ashokbhai Patel
Aditya Birla Finance Customer
Seamless onboarding experience and great support provided by the Relationship Manager during the documentation process.
Aditya Birla Housing Finance Customer
Hyderabad, India
Mr. Pramod Kumar Saini
Aditya Birla Finance Customer
I appreciate the online documentation process which helped in ease of my loan process. I could get loan information through WhatsApp and other digital platforms.
Aditya Birla Housing Finance Customer
Belapur, India
Instant Personal Loan INSTANT PERSONAL LOAN SHORT TERM PERSONAL LOAN LONG TERM PERSONAL LOAN
FAQs on Personal Loan for Women
Senior citizen women over 60 cannot apply for the loan. The loan is sanctioned up to 60 years of age only.
The credit score measures your creditworthiness, i.e., how reliable you are regarding credit repayment. The score ranges from 300 to 900. The higher the credit score the easier it is to get a loan.
You can apply for a personal loan for women even when you have a home loan. However, the maximum loan amount available to you will be reduced since you have an existing debt.
Yes, you can visit the nearest branch of Aditya Birla Capital and apply for the loan offline.
Partial prepayment is allowed under Loan for Women. You can make partial prepayments after 6 months of availing of the loan. Moreover, a charge will apply to the prepayment.
Full prepayment or foreclosure is also allowed after 12 months. Foreclosure also incurs an additional charge.
The approval for a personal loan for women is quick as Aditya Birla Capital processes the application at the earliest. Just ensure that the documentation is correct so that there are no hiccups in loan disbursal.
Housewives having a source of income can get a personal loan if they qualify on the specified eligibility parameters.
Women aged between 21 and 60, with a credit score of 750+ and a steady source of income, can apply for a personal loan.
Women can use a personal loan for any of their financial requirements like -
• Home renovation
• Pursuing higher education
• Meeting business-related expenses
• Buying home appliances
• Starting own business, etc.
A steady source of income is a must to get a personal loan. Without a job, as there’s no source of income, the woman will not be able to get the loan.
You might incur a late payment fee if you miss a loan instalment. Moreover, the interest expense would also increase. Lastly, missing the EMI would also damage your credit score. So, always pay your loan instalments on time.
ABC Of Personal Loans
Call 1800 270 7000 OR write to us at care.finance@adityabirlacapital.com.
For more details, to know your personal loan eligibility, access the product brochure or to set a meeting with our relationship manager.
The information presented on this page is intended solely for general informational purposes and does not constitute financial, investment, or professional advice. This content has not been authored by, nor does it represent an official communication from, Aditya Birla Capital Digital Limited. It is compiled from publicly available secondary sources, which may be subject to change without prior notice. Readers are strongly advised to conduct their own independent research and seek guidance from licensed financial advisors before making any investment decisions. All investments carry inherent risks, including the potential loss of principal. Past performance is not indicative of future results.
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Aditya Birla Capital LimitedAditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,000 employees, the businesses of ABCL have a nationwide reach with over 1,742 branches and more than 200,000 agents/channel partners along with several bank partners.
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