Women have made a niche for themselves as not only homemakers but also as sole breadwinners. With equal financial responsibilities for both men and women, women have over time undertaken the role of being responsible for their own lives financially. Which is why, more and more banks and financial institutions have brought forward special loan schemes for working women such as home loans for women, business loans for women and now personal Loans for women.

Personal loans for women are designed in a way to meet the unique requirements of today’s working women. Loaded with special benefits such as lower rate of interest as compared to men, zero or lower processing fees and many other benefits that vary from bank to bank.

Personal loans for women also offer a minimal documentation process and the eligibility criteria are flexible. Some banks and independent financial institutions also offer personal loans to non-working women/housewives – whether or not they are employed if a collateral is provided to start up some small working unit such as a boutique, beauty parlour, and also cottage industry.

Personal loans for working women are approved based on their credit history and income status just like any other loan. However, the eligibility criteria is much more flexible for women. If you already have a credit history in place, it is important that you have a high credit score as personal loans are usually unsecured loans. A lower credit score may lower your chances of grabbing a competitive interest rate. So, it is imperative that you make payments on your loans on time and if you also use a credit card, to not max out on it as that is considered as a high risk.

While looking for a personal loan, make sure that you check the different charges, fees and penalties that come with the loan. For example, look for any penalties in pre-closure or part payment and also the cost involved in documentation charges. You can find flexible loan tenures for personal loans for women, which can be as high as seven years. However, keep in mind that opting for higher loan tenure would make you pay more interest over the years as the personal loan monthly EMIs are a combination of principal amount and interest. So, make a conscious choice on the loan tenure. You can make use of personal loan EMI calculators to determine how much loan you can take that will fetch you the most reasonable EMI that fits your budget. Letzbank has a unique tool to calculate your personal loan EMI in a matter of seconds. Letzbank’s personal loan EMI calculator helps you determine your EMI by simply inputting the loan amount you wish to take, the interest rate charged by your chosen bank as well as the loan tenure you’re most comfortable with. Once you input all these details and hit calculate, you will be able to get a detailed summary of your loan repayment with the EMI breakup of the monthly and annual EMI you will be paying.

Letzbank has a wide range of loan offerings to choose from. By partnering with different banks, Letzbank provides its customers with the best loan deals. You can find personal loans from all the top banks in a comparative display and also get access to Instant Quotes that allows you to get the loan quote from a chosen bank. Loan application that are submitted directly at Letzbank website also enjoy the benefit of getting the service charge waiver. Login into Letzbank website to find the best loan option for you and enjoy the various benefits all in one place.

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