Where to apply for a loan for women

By Team Asianet Newsable | First Published Jan 19, 2024, 1:47 PM IST

Explore the best places to apply for a personal loan for women. Find tailored financial solutions to empower your goals. Apply with confidence today!

From breaking stereotypes to reclaiming their space in society, women have been making a dent boldly. Part of this endeavor has been the goal of becoming financially independent - to have the ability and choice to take a holiday whenever, buy a house, purchase appliances, or fund an entrepreneurial dream. To support the dreams of many Indian women, the government, banks and multiple NBFCs are providing several financial services, specifically introducing schemes that promote a loan for women. These services have truly shifted the needle in meeting crucial financial needs and goals, while also boosting India’s financial penetration and infrastructure.

The process to take a personal loan for women is pretty straight-forward and simple. But if you’re wondering where one can take such a personal loan, you’ve come to the right place. Read on to find out how and where to apply for a loan for women.

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Refer to RBI-licensed lenders only

It’s always advisable to only transact with NBFCs who are licensed with the Reserve Bank of India. If the digital lender’s app is RBI-licensed, this means that it is in full compliance with the regulator’s policies. Therefore, any chance of fraudulent activities is negated. To verify if the lender is accredited, you can always cross-check the licensing information on the official website of the company. Once you have completed the diligent examination of the lender, sign up on their app or website to begin the loan application.

Among the many digital lenders to borrow from, KreditBee stands out. This is India’s most preferred and trusted digital lenders among salaried, low-income and women entrepreneurs, across tier 2 and 3 cities. Their loan for women scheme offers convenient and instant loans. The entire process is 100% online, and disburses the requested amount within minutes. The eligibility calculator on the website is an excellent tool that explains how much credit one is eligible for before initiating the process. One of the most unique features of KreditBee is that women who have a low credit score or those who are new to credit can also apply and build their credit score. A loan amount request can range from ₹3,000 and can go up to ₹5 lakh, with a repayment period that extends to 2 years.

How to apply for KreditBee’s loan for women

Unlike traditional banks that usually take several days and need customers to visit the bank to initiate the process, KreditBee’s hassle-free documentation can be done from the comfort of your home, in under 10 minutes. In fact, getting any kind of personal loan from KreditBee is a breeze. Here’s how it can be done:

1 Visit KreditBee's website or download the app for better ease
2 Sign up using your mobile number
3 Fill in your details, and check your eligibility score
4 Upload your KYC documents like PAN and Aadhaar card
5 Enter your bank details and show salary slips (monthly income of ₹10,000+). For new-to-credit customers who don't have salary slips, provide alternative documentation to verify income, such as bank statements, income certificates, or proof of regular income from freelance or contractual work
6 Choose your loan amount and repayment duration
7 Once verified, your loan lands straight in your bank account

Financial institutions are more prone to lend money to women as they are seen as more trustworthy borrowers, hence they are encouraged to seek credit services because of their track record for timely repayments. If you are someone who has been thinking about seeking a loan for women or a personal loan, explore KreditBee’s various schemes and have a successful credit journey!

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