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Tata Capital > Blog > Personal Loans Available for Working Women in India

Personal Use Loan

Personal Loans Available for Working Women in India

Personal Loans Available for Working Women in India

Women are steadily gaining an equal footing in the workplace. They are ambitious, dedicated and champions at multi-tasking. This is why the government and several financial institutions now offer affordable financial assistance to women who aspire to inspire.

One of the most common tools for seeking financial help is a personal loan. Thanks to a structured credit and KYC process, a personal loan can be availed in a very short span of time. Women are often seen to be more disciplined about money management and are considered a lower credit risk. Hence, in many instances, they can get a specially designed personal loan for women at marginally concessional interest rates too.

How does a personal loan work?

As the name suggests, an unsecured personal loan is not backed by any collateral or guarantee. This makes disbursal a little riskier for the lender. Hence, personal loan interest rates on unsecured loans tend to be a little higher than those of the secured kind.

Tata Capital, however, offers personal loan interest rate of 10.99% only, making them very pocket-friendly. You can check your personal loan eligibility in a few minutes by submitting your basic KYC and income details.

These days, a personal loan can be a highly customizable financial tool. Here are some types of useful personal loans for women that can be of great assistance, depending on the need:

Personal loan for education

You need not be dependent on your parents or husband to fuel your ambitions to study. Tata Capital offers long-term personal loans up to Rs. 25 lakh with tenures extending to 72 months. If you are looking to pursue a post-graduate or doctorate degree to give you a boost in the workplace, a personal loan is a hassle-free long-term option to fund your studies.

Personal loan for medical assistance

A medical emergency can strike unexpectedly to you or a loved one. You may not always be financially prepared to manage such expenses, and liquidating investments may affect long-term goals. In such a situation, you can opt for a personal loan. 

Upon approval, Tata Capital disburses the personal loan swiftly within 48 hours, allowing you to fund any stop-gap arrangement. 

Additionally, if the expenses tend to mount, Tata Capital also offers an overdraft facility wherein you need to pay interest only on the amount of loan utilized.

Personal loan for travel

Many women love to travel solo. You can indulge in some peace and quiet and indulge in a self-enriching experience when you do so. With a personal loan, you are free to travel the world as your heart desires – whether solo or not. 

The terms of a personal loan from Tata Capital are highly customizable, allowing you to decide the EMI on the loan and tenure based on your budget. You can enjoy your vacation without having to worry about breaking the bank to enjoy a fun holiday.

Additional Read:- Top 10 business ideas for women entrepreneurs

Whether it is to study, meet an unexpected expenditure or add memorable experiences to your life, Tata Capital’s personal loan for women can assist you at every step.