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Personal Loan for Women
- Loans up to ₹5 lakhs
- Interest rate starting @1.5%
- Easy Application
A personal loan can financially empower any woman to meet her diverse needs. Whether it’s for higher education, travel plans, or even a wedding, an instant loan for women makes sure she never falls short on money. Many lenders can offer a loan for women in India.
With Zype’s personal loans for women, you can get personal loan up to ₹5 lakhs starting at just 1.5% interest! To get the loan all you have to do is complete a quick and easy application without any document uploads or paperwork. You can get an instant approval in less than 60 seconds and receive the money in your account within 24 hours.
Zype loans are unsecured loans. This means you don’t have to pledge any collateral as security against the money you borrow. Get instant access to the cash you need and choose a repayment plan that fits your budget.
Interest Rate on a Personal Loan for Ladies
The interest rate you get on personal loans depends on many factors including your credit score, repayment history and your monthly income. The stronger your credit report, the lower interest rates you get on the loans.
Zype offers personal loans at an affordable interest rate starting at just 1.5%. Here are all the details about the charges associated with a Zype loan.
| Fees & Charges | Amount Chargeable |
|---|---|
| Interest Rate | Starting at as low as 1.5% (monthly) |
| Loan Processing Charges | Processing fees from 2% to 6% on every loan |
| Interest on Overdue EMIs | Penal interest and late fees will be charged to your total outstanding loan on a daily basis |
How to Improve Eligibility for Personal Loan for Ladies
Improving a personal loan for women’s eligibility can help you get approved for higher loan amounts at a lower interest rate. You also get a smoother loan experience with more instant approval and quicker disbursal.
Improve Your Credit Score
A good credit score, clean repayment history and strong credit profile are all signs of a low-risk borrower. If you increase your credit score to at least 750, you will automatically get approved for higher loan amounts at a lower interest rate.
Don’t Apply for a Loan with Too Many Lenders
Every time you apply for a loan, an inquiry is made which is directly reported to the credit bureau. Too many hard inquiries indicate a credit-hungry behavior which can reduce your loan eligibility.
Increase Your Income
Lenders offer personal loans to those customers who have a stable income. When you increase your income, it automatically increases your loan eligibility. You can get high-value loans at a low interest rate.
Choose a Personal Loan with a Longer Repayment Period
A longer repayment period will reduce the EMI amount you have to pay every month. This way, you can repay your loans on time which will help you increase your loan eligibility.
Personal Loan for Women: Eligibility Criteria
To complete your loan application, you need to meet your lender’s eligibility criteria. While the criteria can be different for different lenders, there are some common requirements every lender has. You should be 18 years or above, have a valid PAN or Aadhaar card, a stable source of income and a good credit history.
Want a personal loan instantly? Personal loan for women’s eligibility criteria at Zype is simple!
Age
18 years or above
Citizenship
Indian with a valid PAN & Aadhaar card
Work experience
Salaried individual
Monthly Salary
Monthly income of at least ₹15,000
Documents Required for Personal Loan for Women in India
On Zype, the flexibility of borrowing starts with an easy application. You can get up to ₹5 lakhs without any documentation or paperwork. You only need these to complete your application:
Proof of Photo Identity
For this, you need to take a selfie during the KYC process once your credit offer is generated.
Mandatory Documents
You need to enter your PAN & Aadhaar number to get a credit offer & to complete your KYC. (Physical copies not required)
Proof of Income (Optional)
You can apply for a higher credit limit on Zype by uploading your bank statement for the last 4 months.
Features and Benefits of Personal Loan for Women
You can get a personal loan for ladies from the government, banks & many other lenders available in the market. But here’s why Zype’s instant loan for women is the best option for you –
No Document Upload or Paperwork
Complete a quick and easy application process without any document uploads or paperwork. All we need is your PAN & Aadhaar number along with some other basic information to approve you for a loan.
No Collateral
Zype personal loans for women are unsecured loans. This means you don’t need to pledge any asset as security against the money you borrow.
Instant Approval & Quick Disbursal
After you have completed your application, you can get approved for a loan in less than 60 seconds and receive the money in your account within 24 hours.
Competitive Interest Rate
Zype’s instant loans for women are affordable. You can get personal loans up to ₹5 lakhs starting at just 1.5% interest per month.
Flexible Repayment Options
On Zype, you can borrow money whenever you need and repay it in 3, 6, 9 or 12 EMIs.
How to Apply for Personal Loan for Women
While there are many options for personal loan for ladies from government, banks and NBFCs, you can complete a quick and easy loan application on Zype in less than 8 minutes! Just follow these simple steps –
Complete your small instant loan application in less than 5 minutes by following these 6 simple steps:
1) Download the Zype app from PlayStore or AppStore and create your account.
2) Enter your basic details like name, mobile number, and PAN number.
3) Get approved for a personal loan within 60 seconds.
4) Unlock the credit line by doing a selfie verification & completing an OTP on Aadhaar linked mobile number.
5) Choose your desired loan amount & EMI option.
6) Get the cash you need directly into your account!
Frequently Asked Questions
The repayment tenure for a personal loan for women can range between 3 months to 60 months, depending on the lender. Zype offers personal loans with repayment tenure of 3, 6, 9 or 12 EMIs.
The loan amount you’re offered depends on your credit profile and the lender. Zype offers personal loans for women up to ₹5 lakhs starting at an interest rate of just 1.5%.
The personal loan eligibility criteria for women can vary from lender to lender. To get approved for a personal loan from Zype this is all you need:
· Be 18 years & above.
· A valid PAN and Aadhaar card
· Minimum monthly salary of ₹15000.
You can apply for a personal loan by downloading the Zype app from PlayStore/AppStore and completing an easy application process which won’t take more than 8 minutes.
Here are some ways in which you can improve your CIBIL score –
· Pay all your EMIs on time
· Maintain a healthy credit mix
· Avoid multiple credit inquiries
· Settle outstanding debts
· Regularly check your credit report for any incorrect reporting
The time taken to complete the application process for a personal loan depends on the lender. On Zype, you can complete your application in less than 8 minutes without any document upload or paperwork.