Mahila Personal Loan 2024 : Financial institutions provide some special benefits to women on personal loans, so if you want to take a personal loan for education, marriage, travel, medical expenses etc. then you can take a loan from the bank / NBFC under a special Personal Loan Scheme. The government also gives interest discount on loans to women, that is, women get loans at a very low interest rate. If you are also a woman and your credit profile is good, then you can apply for a personal loan through any bank. If you are a professional woman and you are found eligible for a loan, then your loan amount will be approved immediately.
If you do not know about Mahila Personal Loan, then in this article we will tell you the complete process of taking this loan. In this article, we will tell you the method by which Mahila Personal Loan can be taken very easily. For this, you have to make some preparations in advance like choosing the right plan according to your eligibility and keeping the necessary documents. If you want to know Mahila Personal Loan Kaise Le, what is its interest rate, eligibility criteria, features and necessary documents, then stay with this article till the end.
Mahila Personal Loan 2024
There are some banks and NBFC institutions that provide special Personal Loans to women for their personal needs. From here, women can take a good amount of loan by proving their eligibility. The repayment period of which will also be longer and the interest will also be less. This loan will be given to women after evaluating aspects like credit score, age, employer profile, job profile, monthly income and credit profile.
If you are a professional woman, then you can easily get a loan from a bank or NBFC institution, however, it is not easy for housewives and women who do not have any source of income to get a personal loan. If you are eligible to take a loan and your credit history is good, then many banks can give you a Personal Loan of up to Rs 40 lakh.
Mahila Personal Loan 2024 Interest Rate
As we told you, the interest rate of women Personal Loan depends on the monthly income, age, job profile, credit score, credit profile etc. of the woman. Women applicants can usually get a personal loan at an Interest Rate of 10.49% per annum. At the same time, different interest rates apply to the offers given in different banks. Therefore, we would advise you to get information related to the Interest Rate by visiting your bank branch or visiting the Official Website of the bank.
What are the Features of Mahila Personal Loan?
- Lower interest rates apply on women personal loans, so women can compare the offers given by different banks and get personal loans at lower interest rates.
- Women can get a maximum loan of up to Rs 40 lakh from banks.
- If we talk about the loan repayment period, then usually it can be from 5 to 7 years.
- Apart from this, banks offer loans to women at 3 to 4% processing fee.
Eligibility for Mahila Personal Loan
Many banks offer personal loans to women on easy terms and conditions. Women who wish to apply for this loan should visit their bank branch and get information about the eligibility criteria for personal loan for women. Generally, banks approve or reject the loan based on the following eligibility criteria –
- Women applying for the loan should be 21 years of age or above.
- The maximum age of the woman at the time of loan maturity can be 60 years.
- Women should have worked in a private sector company or central/state/local government bodies for at least 2 years.
- In this, women must have worked in the current company for at least 1 year.
- The monthly income of the woman should be at least ₹15000.
- The credit score of female applicants should be 750 or more.
Documents Required for Mahila Personal Loan
To apply for a women personal loan, some documents have to be submitted, after verifying which any financial institution will approve the loan to the woman. These necessary documents are as follows –
- Aadhar Card
- Residence Certificate
- Income Certificate
- Age Certificate
- Salary Slip
- Self Employment Proof
- Bank Statement
- Bank Passbook
- Mobile Number
- Passport Size Photo etc.
How to Apply for Mahila Personal Loan ?
To avail a personal loan, women need to visit their nearest bank branch where they can get information about various personal loan offers. After choosing the right option, women will have to ask for an application form for that loan offer which will have to be filled and submitted to the bank along with the required documents. After this, the verification process of the application and documents will start and if the woman is found eligible for the loan, she will get the loan approval and the loan amount will be transferred to the bank account of the applicant woman.
