Type of Loans Available for women in India

Loans for the women are the loans available to the women at a lower rate of interest available in women loans with ease of payment. The modes of repayment of loans are flexible as compared to the other loans. Women can get a home loan, personal loan or a gold loan at a lower rate of interest.

Home loan for women:. They can get 90% of the value of the property as a home loan at lower interest rates than the original rates. Presently, the home loan rate for women starts at 7.15% rate of interest.

Personal loan for women: To avail a personal loan for women, they should have a good credit score and a steady income. They can avail a personal loan to start an enterprise, or in case they fall short of the budget for getting married. The personal loan rates start at 10.50%.

Gold loan for women: She can avail a gold loan for a period of 4 years by submitting the KYC documents. The gold loan rates for women starts at 10.50% and can be availed by any housewife as it does not require any income proof.

Business loans for women: To help them break all those stereotypes, the government of India provides numerous opportunities to start their own business and enterprise under schemes such as Pradhan Mantri Mudra Yojana. Various schemes offered by the banks can help' women to get a loan with no security or collateral.

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