With times, women have become financially independent. In their quest, leading lenders seem to be playing a major role by offering feature-rich personal loans. Being an all-purpose loan it can be used to cater to various personal and professional financial obligations of the borrower. Thus, helping women to realize their potential by staying financially covered in the process.
1) Easy Eligibility
Leading NBFCs offer Personal Loan for Women on an easy-to-meet eligibility criteria. It allows women between 23 to 58 years of age and with a stable source of income, say a job, to qualify for the loan to suffice their financial dreams. They can use it to manage a wedding, indulge in high end purchases, travel, fund higher studies, manage business expenses and much more.
2) Affordable Terms
Women can easily apply for the loan online with minimum paperwork. It allows eligible applicants to avail high value loan amount at affordable rate of interest and flexible tenure of 12 to 60 months. Compared to men, women fall in the low risk profile and thus can avail personal loan on manageable rate of interest.
NBFCs understand the need of funds thus they offer collateral-free personal loan to applicants. This allows women who do not have a fixed asset to pledge as collateral/ security/guarantee to avail the loan.
Read More: 5 Vital Tips on How Women can Avail a Personal Loan
4) Online Process
Lenders let the applicant apply for the loan online by simply filling up an e-form. Once submitted the lender’s representative gets in touch with the applicant to understand their requirements and request for relevant paperwork. Upon verification, applicants can enjoy instant loan approval and quick disbursal.
Aman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management.