PERSONAL LOAN FOR WOMEN

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Easy Digital Process
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Minimum Salary Required ₹15K
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Quick Disbursal
Personal Loan For Women EMI Calculator

Monthly EMI

₹ 0

Interest Payable

₹ 0

Get Personal Loan For Women Up to 5 Lakh

Women in India are making remarkable strides as entrepreneurs and professionals. To support their aspirations, Hero FinCorp offers Personal Loans of up to Rs 5 Lakh with flexible tenures of up to 36 months. Whether for higher education, travel, marriage, or business expansion, our loans provide financial support without collateral.

With the rise of digital lending, loan approvals have become quick and hassle-free. At Hero FinCorp, we ensure instant processing with minimal paperwork, allowing women to access funds easily. Our competitive interest rates and flexible repayment options make EMIs manageable, reducing financial strain.

For women looking to start or expand a business, a Personal Loan offers the necessary capital without lengthy approval processes. Whether funding professional growth or managing personal expenses, Hero FinCorp’s Personal Loan for women provides financial flexibility, ensuring they can achieve their goals with ease and confidence..

Features and Benefits of Personal Loan For Women

The current online loan apps have simplified the process of loan application and disbursal. Women feel the independence of acquiring the required funds on their own, without being dependent on anybody else. Here are some benefits of personal loan for women:

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Quick approval

Online instant loan apps provide fast loan approval within 24 hours of duration. It is quick, as no security and no physical documents are required.

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No collateral required

Personal loan has a collateral free process and therefore helps women to avail loan easily without keeping any security or guarantor.

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Small loans schemes

Public financial firms have introduced small cash loans schemes starting from 50,000 - 5 lakh to ease off the monetary burden on women.

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No hidden charges

Borrowers are assured of complete transparency with no extra charges to understand and apply easily for personal loan

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Simple documentation

Hassle-free and limited documentation in a paperless format makes the loan procedure faster and easy for women to apply for loan.

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Lower interest rate

Number of special schemes and opportunities have been applied to make personal loan affordable to women. Lower the interest rate, lesser becomes the EMI and easy to repay.

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No penalties on early repayment

Some lenders allow zero prepayment penalties in case of payment clearance before the EMI. This allows you to repay the full loan amount as per your convenience after repaying the first EMI. There are no fees or penaltiesy for doing so..

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Quick Disbursal

Instant personal loan for women is sanctioned on the same day with real-time approval on verification of paperless documents. This enables quick disbursal of loans for women on a business day.

Eligibility Criteria for Personal Loan for Women

Women can apply for a Personal Loan with minimal requirements. Key eligibility factors include age, stable income, employment status, and credit history. Meeting these criteria ensures quick approval and hassle-free access to funds for various financial needs.
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Citizenship

You should be a citizen of India.

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Age Requirement

You must be between 21 to 58 years to be eligible for the loan.

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Work Experience

You should have at least six months experience in your current job.

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Monthly Income

The minimum monthly income required is Rs 15,000.

Documents Required for a Personal Loan for a Women

Documentation requirements are minimal for a Personal Loan at Hero FinCorp. Here are the separate documentation requirements for a Personal Loan for a women:

Documents Required for Salaried Employee

The loan eligibility criteria for women may differ from lender to lender. Different loans have different eligibility criteria as per the purpose of the loan and borrower’s profession:

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Proof of Photo Identity

Driving Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

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Proof of Income

Six Month Salary Slip & Bank Account Statement, Form 16

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Job Continuity Proof

Appointment Letter From the Current Employer

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Proof of Residence

Driving Licence, Passport, Aadhaar Card, Utility Bill

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Proof of Business Existence

Not Applicable

Documents Required for Self-Employed

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Proof of Photo Identity

Driving Licence, Passport, PAN Card, Aadhaar card

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Mandatory Documents

Filled Loan Application Form, Passport Size Coloured Photograph

Proof of Income

Last Six Months Bank Statement, ITR for the Last Two Consecutive Years

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Job Continuity Proof

Not Applicable

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Proof of Residence

Maintenance Bill, Utility Bill, Property Documents, Rent Agreement

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Proof of Business Existence

Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate

Interest Rates and Charges on Personal Loan For Women

Understanding interest rates and charges is essential before applying for a Personal Loan for women. These affect your repayment and total cost. Hero FinCorp offers competitive rates, ensuring affordable EMIs based on your income and credit profile.

Interest Rate

Starting from 1.58% per month

Loan Processing Charges

Minimum Processing fee is 2.5%+ GST

Prepayment Charges

N.A.

Foreclosure Charges

5% + GST

EMI Bounce Charges

Rs 350/-

Interest on Overdue EMIs

1-2% of the loan/EMI Overdue Amount Per Month

Cheque Bounce

Fixed Nominal Penalty

Loan Cancellation

1. Online loan app does not charge any cancellation charges 

2. Interest amount paid is non-refundable 

3. Processing charges are also non-refundable

How to Apply for a Personal Loan for Women?

Personal loan for women in distress works as a blessing. A woman at the time of emergency finds a ray of hope while applying for an online Personal Loan easily through an instant loan app or a website. Each loan app is designed differently, but there are few basic things to follow:

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  • 1

    Visit the Hero FinCorp website.

  • 2

    Go to the Personal Loan page and click ‘Apply Now

  • 3

    Enter your mobile number and verify with the OTP received

  • 4

    Choose the loan amount you need

  • 5

    Verify your KYC details to check income eligibility

  • 6

    Click ‘Submit’ to complete your application

Frequently Asked Questions (FAQs)

Yes, women can get a personal loan online via digital loan apps. Download a suitable loan app such as Hero FinCorp Instant Personal Loan and initiate the loan application for women in just a few simple steps.
During a financial emergency or shortage of funds, women can get a personal loan online via a trusted instant cash loan app. Consider the loan eligibility criteria and interest rate to be sure of loan approval for women.
Personal loans for women areis approved on criteria such as age, monthly income, work experience and current job stability. Women between 21 to 58 years of age with a minimum starting income of Rs 15000/-can apply for a loan online.
Identity proof, address proof and income proof are required to get a personal loan for women. Keep ready your Aadhar Card, PAN Card, Utility Bill, IT return papers and last 6months bank statement.
Processing of personal loan online is fast with simple documentation. It depends on the verification process of the application form and documents. Once approved, the loan amount gets disbursed in 2 days.