The role of women in society has drastically transformed over the years. Today, women have made a mark in every sphere of life and continue soaring high, achieving greater success. Be it in the professional world or personal; they positively contribute to the economy and their households in many ways. However, sometimes, it may get tough for women to gather finances, especially in times of personal emergencies. During this time, personal loans for women come to the rescue. Personal loans for women are unsecured loans that can be used for many purposes, like consolidating debt, funding a business or higher education, organizing a dream wedding, covering unexpected expenses, or making a large purchase. At Piramal Finance, we offer personal loans specifically designed for women, with features such as lower interest rates or longer repayment terms.

Features of a Personal Loan for Women

The key features of a personal loan for women are:

Loan Amount

You can take a loan of Rs. 1 lakh up to Rs. 10 lahks

Loan Tenure

You can select a loan tenure of up to 60 months.

Interest Rates

You can get interest rates starting at 12.99% p.a.

Benefits of a Personal Loan for Women

Zero Foreclosure Charges

Piramal Finance offers zero pre-payment and foreclosure charges

Minimum Documentation

We require minimum documentation to ensure you have an easy and hassle-free personal loan application process.

Easy Online Application Process

You can now begin the personal loan application process from the comfort of your home. Apply for a personal loan through the bank’s official website and get started immediately.

Quick Disbursals

We offer quick loan approvals and disbursals. You repay your debts or make significant purchases while we handle all the formalities

Easy EMI Options

Multiple options for framing the personal loan structure that suits your requirements are available. We offer flexibility in the loan tenure, pre-payment, and foreclosure charges.

Club Incomes for Higher Loan Amounts

We offer you the flexibility of clubbing incomes for a higher loan amount so that you can easily fulfill the eligibility criteria of the personal loan.

Eligibility Criteria for Applying for a Personal Loan for Women

To apply for a personal loan, the following eligibility criteria must be met

  • 1.
    Employment: The applicant must be a salaried employee or a self-employed individual.
  • 2.
    Age: The applicant must be between 21 years and 60 years of age.
  • 3.
    Monthly Salary: The applicant must have a starting salary of Rs. 25000[NDK1] is based on the city they live in.
  • 4.
    Credit Score: The applicant must have a CIBIL score of 750 or higher.

What are the Documents Required for a Personal Loan for Women

KYC Documents

You can select any of the following documents for each category as proof of identity and address. (Aadhaar Card, Driving License, Voter’s ID Card, Passport, or Utility Bills like Telephone Bills, Electricity Bills, etc.) and PAN Card.

Income Documents

Latest salary slips from the last 1 month and bank statements from the previous 3 months.

Frequently asked questions

What is a personal loan for women?
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What are the uses of a personal loan for women?
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Can women government employees avail a personal loan at lower interest rates?
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What are the eligibility criteria for a personal loan for women?
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What is the tenure for a personal loan for women?
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