In recent times, women in India have broken free from traditional roles and are now making a mark as successful entrepreneurs and businesswomen across various industries. The Indian government has encouraged this trend by working with financial institutions to offer special loan schemes tailored to empower women. These schemes provide women with competitive interest rates on personal loans for purposes such as higher education, travel, marriage, medical emergencies, and achieving personal milestones.
Over the years, the government of India has introduced favorable instant personal loan plans to support ambitious and enthusiastic women, who do not have to face a shortage of funds to start their endeavors. However, with the increasing popularity and acceptance of digital loan platforms, loan approval has become hassle-free for women.
With Grahaan Capital’s Personal Loan for Women, you can fulfill various important needs. Our loan is collateral-free and can be applied for through an easy online application process with minimal documentation.
The eligibility criteria for personal loans vary from one lender to another. Qualifying for a personal loan isn’t too difficult, salaried workers can easily obtain a loan from Grahaan Capital for up to Rs 40 lakh, with a minimum interest rate in the market. However, some general rules are usually followed, and they are:
Documents required for personal loans to establish your identity, income, loan repayment capacity, and place of residence. Our simple documentation process ensures that you don’t deal with a lot of paperwork. You only need to submit a few basic documents, including:
Grahaan Capital offers the lowest personal loan interest rate for applicants for a maximum of 84 months, which means you can get a minimum EMI. Please see below, a detailed list of personal loan interest rates, fees & charges.
Particulars | Charges |
Personal Loan Interest Rates | 10.75%* p.a. onwards |
Loan Amount | ₹1 Lakh to ₹40 Lakh |
Loan Processing Fees | Minimum 2% plus applicable taxes |
Lowest EMI per month | Starting from ₹1,699* per Lakh for 84 months |
Loan Tenure | 12 – 84 months |
Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
Default Interest | Minimum 3% per month |
Repayment Instrument Dishonor Charges | Minimum ₹500 per bounce plus applicable taxes |
Stamp Duty | At actuals (as per state) |
* No Other Hidden Charges |