Home Loan

How Can A Housewife Get A Loan?


A housewife can get a loan if she does not have a steady income. You can look for a loan for a housewife against your assets by submitting securities such as gold, real estate, or fixed deposits in their name. These are secured loans, and they can be obtained without needing any proof of income. Some housewives may be able to earn a living while working from home. If they have the required income and a good credit history, they do not need to provide any security to obtain the loan.

A housewife who worked in the past but quit for whatever reason may still have a credit score. On the other hand, a housewife with no prior work experience may not have much of a credit history to show. That does not preclude her from obtaining a personal loan.

Women’s Personal Loan Benefits

The benefits of Loan For Housewives are: 

  • It is simple to obtain by adding a working co-borrower.
  • There are no restrictions on how the borrowed funds may be used.
  • Quick loan approval.
  • There is no need to visit a bank – one can apply for it online.
  • There is little documentation.
  • There is no need for paperwork as documents can be submitted online.
  • Repayment terms are flexible.
  • No security is required.
  • It can easily be obtained to start a business.

Personal Loan Programs for Women

Here are a few of the most popular personal loans for housewife programs  that may be of assistance to you:

Women’s Mudra Yojana

  • This program was created specifically for women to help them start their businesses.
  • Depending on your needs, you can obtain a loan of as little as 50,000 rupees and as much as 50,00,000 rupees through this scheme. You can apply for an unsecured loan of up to ten lakh rupees.
  • If you want a larger loan for a housewife, you must pledge your asset as security to the lender. Because it is legal, you can get this loan from any bank, private or public. It is a government of India initiative.

 Udyogini Scheme

  • Another government-initiated scheme that empowers women from rural and underdeveloped areas is the Udyogini scheme. 
  • This scheme allows for a loan of up to Rs. 3 lakhs. You do not, however, have to live in a rural or underdeveloped area to qualify for this loan for a housewife. Women from all over the country can easily obtain this loan. 
  • The biggest advantage of this loan is that the interest rate is extremely low, and the borrower’s annual income should be less than 45,000 rupees. 

Star Mahila Gold Loan Program

  • One of the best schemes of loan for housewives is the Star Mahila Gold Loan Scheme. It is a tax-break program for female business owners and entrepreneurs. 
  • Before applying for this scheme, you should keep in mind that a woman must own at least 50% of the company’s share capital. 
  • This scheme requires no collateral or security, and you can obtain an unsecured loan of up to 5,00,000 (five lakh) rupees.
  •  The woman applying for the Star Mahila Gold Loan Scheme must be at least 18 years old and not older than 60 years old.

How do Housewives get Personal Loans? 

Consider a secured loan.

  • Secured loans are credits obtained against a lender’s assets. The lender will take possession of your asset until the loan is completely paid off. 
  • If the borrower fails to repay the loan, the lender will be authorised to sell the borrower’s assets to recoup the loan money.
  • A housewife can easily obtain a personal loan if she owns any assets that can be used as collateral. 

Loan for Gold

  • Gold is a metal that is present in almost every Indian woman. A loan for a housewife against a gold ornament can help a person make the best use of their gold ornament. 
  • Gold jewellery has the potential to get you a gold loan, which is much cheaper than unsecured personal loans. A gold loan is one of the most effective ways for women to obtain a personal loan.


Most housewives who want to start their businesses or brand face the challenge of raising capital. Now that housewives can apply for loans, this problem has a solution. Housewives can also apply for secured or unsecured loans and receive funds to start their businesses today. By approaching banks or utilising the government’s housewives’ empowerment schemes, it has become simple to apply for a loan for a housewife and assist them in achieving their dream of starting a business.

Read on to learn more about finances at https://www.piramalfinance.com/


  1. Is it possible for a housewife to get a loan if she does not have a steady source of income? She absolutely can! Housewives can obtain housewife loans by depositing securities such as gold, real estate, or fixed deposits in their names. These are known as secured loans and are available without the need for income verification.
  2. What kind of guarantee should I provide?The security will be the house against which the loan for the housewife will be obtained, as well as any collateral provided by the customer. This is under their jurisdiction if banks want to accept any other security. 
  3. Is the bank willing to convert a fixed interest rate to a variable rate?Yes, the bank provides the conversion. You can change the fixed lending rate to a variable at any time. You can also change a variable lending rate to a fixed rate.
  4. What is the maximum loan term?For salaried individuals, the loan tenure is 30 years or 65 years, whichever comes first. For other borrowers, the loan term is 20 years or 65 years, whichever comes first.