How can Housewives Get Personal Loans for Small Business

Why is Personal loan a great choice?

  • Identity proof — One of the first thing that you would require is the ID proof which can include Driving License, Voter ID, Aadhaar Card, passport, etc.
  • Age Proof- Government-approved birth certificate

Tabular representation of the personal loan interest rate offered by different banks and NBFCs:

How can a housewife apply for a personal loan?

Features of Personal Loans for Women

  1. Adding a co-applicant makes you eligible for a personal loan — In case you do not have a regular income.
  2. No restriction on the usage of the amount — you can use the amount to fund your new business, buy appliances, arrange required infrastructure, etc.
  3. Quicker loan approval — The loan approval process is quick and takes very less time.
  4. Minimal paperwork — Almost nil paperwork. In some cases, the loan is pre-approved
  5. An unsecured loan, hence there is no need to add collateral — No need to provide your home or asset as security.
  6. You can easily start your business — Start your business as soon as you get the funds.
  7. Pay off in easy EMI — Start repaying the loan in EMIs.

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I am the guy with more dreams that aims my target and chase in the Indian financial markets and more conscious in stock market moments

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Ajit Samal

Ajit Samal

I am the guy with more dreams that aims my target and chase in the Indian financial markets and more conscious in stock market moments

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