Loan For Women
The defined role of women in society has undergone a transformation over the years. Today, women have made a mark in every sphere of life and have broken the shackles of the long-standing stereotypes. To help women meet their growing financial needs, HDFC Bank offers loans for women. Be it to fund your higher education, travel or wedding plans, or even to meet any emergency expenses, our Personal Loan for women is just the product you need. Available at competitive rates of interest, HDFC Bank Personal Loan for women comes with flexible repayment options and tenures, and the process involves easy online application, instant approval and quick disbursal. All you need to do is head to the bank's website and check your eligibility for the Personal Loan for women, and start the application process.
Features
Easy online application: You can start your loan application process right from the comfort of your homes. All you need to do is go to HDFC Bank’s official website and apply for a Personal Loan for women. Click here to begin right away.
Instant approval and quick disbursal: It only takes 10 seconds to 4 hours for your loan application to get approved, depending on whether or not you are an HDFC Bank Salary Account.
No end-use restriction: How you use the money from a Personal Loan for women is up to you. There is no restriction on end use of the loan for women.
Collateral-free loan: You do not have to worry about dissolving or pledging your assets as HDFC Bank Personal Loan products are collateral-free, and the loan is granted basis your monthly salary/income.
Eligibility
- Salaried employees at select private limited companies and public sector undertakings (including central, state and local bodies)
- Must be between 21 years and 60 years of age
- Must have had a job for at least 2 years, with a minimum of 1 year with the current employer
- For an HDFC Bank Salary Account holder, he/she must have a minimum net monthly income of Rs 25,000. For a non-HDFC Bank Salary Account holder, he/she must have a minimum net monthly income of Rs 50,000
*Government taxes and other levies as applicable will be charged over and above the Fee and Charges. Loan disbursal is at the sole discretion of HDFC Bank Ltd.
Documents
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement for the previous 3 months (Passbook for previous 6 months)
- Two latest salary slips/current dated salary certificate with the latest Form 16
- Proof of end use
Interest Rates & Charges
| Rate of Interest | 10.85 % to 25.00% |
| Processing Fees | Up to ₹6,500/- + GST |
| Tenure | 03 Months to 72 Months |
| Documents Required | No Documents for Pre-approved Personal Loan For Non Pre-approved - Last 3 Months Bank statements, 2 Latest Salary Slip and KYC |
FAQs
What is Personal Loan for women?
A Personal Loan for women is a loan offering made available to help women meet their financial needs. These are collateral-free products with loan tenures of up to 60 months, which also have a flexible EMI repayment option.
How to apply for Personal Loan for women instantly?
To apply for a Personal Loan for women instantly, you can visit HDFC Bank’s official website or click here. You can also apply for the same using our mobile banking app or by visiting your nearest HDFC Bank branch.
What are the eligibility criteria for Personal Loan for women?
You need to be at least 21 years old and not more than 60 years old to be eligible to apply for a Personal Loan for women. For other details, refer to the ‘Eligibility Criteria’ section.
What is the tenure for Personal Loan for women?
Personal Loan for women can be availed for tenures of anywhere between 12-60 months.
What are the uses of Personal Loan for women?
A Personal Loan for women can be used to meet a wide range of financial needs or expenses- medical bills, cost of higher education, wedding or travel plans, purchase of gadgets or devices, or to renovate or expand one’s home, among other things. There is no restriction on end use of the loan.
How much time it takes to get a Personal Loan for women?
A Personal Loan for women can be availed of almost instantly, provided you are an existing HDFC Bank customer. Even if you are not an HDFC Bank salary account holder, you can get your loan approval within 4 hours. After the approval, the loan amount is disbursed within one working day from the time of submission of documents.
How much loan can I take under Personal Loan for women?
You can opt for a Personal Loan of anywhere between Rs 50,000 to Rs 40 lakh, subject to HDFC Bank’s terms and conditions.
*Terms and conditions apply. Personal Loan at the sole discretion of HDFC Bank limited. Loan disbursal is subject to documentation and verification as per Banks requirement.