Personal Loan for Small Amount: Rs. 50000-Rs. 2Lac: Buying Tips

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Personal loans are the quickest and easiest to get loan type. Within a week of application you can get money from the lender provided you meet all of their eligibility criteria.

Lenders use every possible tricks to entice people. And why not higher interest is what makes lenders profitable. The reason for charging high interest is because there is no need of security or guarantor. And moreover you do not have to specify the reason for taking loan and you can use it for any purpose. For e.g. you can use it for marriage expenses, pay-off other loans/credit card balances and many others.

There are multiple options to get personal loan and most follows:

  1. Traditional approach to banks: public, private, co-operative banks or non-banking finance companies (NBFC).
  2. Peer to peer lenders (PTPL or P2PL) such as, and many others.
  3. Against FD. Read more on getting loans against fixed deposits in India.
  4. Against LIC policy

With so many options available, whom should you approach for taking personal loan for small amount? Here we will consider loan amount of less than 2 lakhs.

As listed above, you have good number of options for taking loan. But question is whom to select when loan required is very small and what factors should be taken into consideration?

So here are the tips before buying personal loan:

  1. Low interest: Saving money by opting for interest rate should be your ultimate objective when taking loan for small amount. So opt for low interest personal loan, as you’ll have to pay less amount of money by the time tenure ends. Buying personal loan for amount let’s say of Rs. 50, 000 from peer to peer lending companies will require you to pay less interest rate compared to banks. Moreover on PTPL market place you can bargain with individual lenders and get best price.
  2. Faster processing: Normally personal loan is required when there is an immediate need of money. If you select a bank which takes lot of time to go through your application and approval then it doesn’t make sense to choose such lender. But if you are getting fair deal even if there’s a delay then choose a profitable option.
  3. Quickest transfer: Loan should be credited to the borrower’s account as fast as possible after approval. This factor should be considered by individuals with urgent cash requirement.
  4. Low/Zero pre-payment and pre-closure charges: Apart from higher interest rates, lenders also apply pre-payment and pre-closure charges. The latter naturally is not very profitable for them as they will eventually end up earning less money compared to the money received when full tenure is over. So if you are taking personal loan for small amount such as Rs 50, 000 or Rs. 1, 00, 000 then certainly avoid companies charging these two fees. Best recommended are peer to peer lenders. One of the difference between P2PL and banks is no charge on pre-closure and pre-payment charges on loan account benefitting to individuals with low or poor income. Check out how poor earners can get personal loan.
  5. Hidden charges: Now comes the most important factor often ignored/overlooked by the borrowers or not disclosed by the lenders clearly or in advance. And PTPL companies gain an upper edge over banks. Most of them do not have any hidden charges compared to banks.
  6. Repayment tenure: As mentioned above longer term, earns lenders more. But for a small amount longer tem does not make sense especially when the applicant is from a poor background.

If small sum of money is needed then ideally you should ask your relatives or friends. You will end up saving good amount of money as interest won’t be applied.

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Peer to Peer Lenders Vs Banks: 26 Features Comparison

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In a credit hungry world, access to getting credit from big financial institutions is very difficult due to the ever rising defaults affecting profits. And even if your loan is approved after lot of efforts, worry does not end here. Because finally getting money is what consumers expect but it is time consuming. And that’s where peer to peer lending companies gain an upper edge. They nullify the involvement of banks.

“Simple borrowing is the motto of every peer to peer lending company”. 

Advantages for lender: They earn more interest, which means higher returns, compared to savings account or other investment products.

Benefits to borrower: Take a loan at low interest and pay loans/credit with any bank with higher interest. Chances of getting loan are higher as P2PL does not solely rely on CIBIL score. Check out how to get personal loan when your CIBIL rating is low.

PTPL vs Banks

Here are the comparison or key differences between peer to peer lenders and traditional financial institutions:

FeaturesPeer to Peer Lending (PTPL) CompaniesFinancial Institutions
Who is the lenderIndividuals/CompaniesBanks
Loan amountSmall compared to banksHigher loan can be disbursed depending on the applicant's status
Interest rateVaries but low compared to banksVaries but high compared to PTPL
Is interest rate fixed?No. It is decided between lender and borrowerFixed as decided by bank
Is EMI fixed?No. Decided between lender and borrowerFixed as decided by bank
Loan approval processFastFast but not with all the banks
Loan amount transfer speedWithin 3 daysTakes minimum 1 week
Charges involvedListing, processing, late payment etc. but less compared to banksVarious charges such as processing, prepayment, preclosure etc.
Hidden chargesNoYes
Late payment chargesYesYes
Prepayment/Pre-closure chargesNoYes
EMI payment optionsAuto-debit is mandatory by most. But varies with each lenderMultiple options - direct debit, cash, cheque etc.
Loan evaluation processPersonal, Professional, Social and online spending behavior is checkedSame as PTPL but social and online spending behavior is not assessed
Data securityHighly secured and not shared or used for any other purposeHighly secured. But banks can use data to offer other products.
Credit risk assessmentDone. But not by every lender.Done by all banks
Credit bureau data sharingShared but not by every lenderDone by all banks
Documentation processVery simpleTedious
Document upload option on websiteYesNo
Recommended to
Poor income, low CIBIL score, no credit history, small loan amountEveryone
Loan rejection chancesLowHigh
Collateral NeededNoNo. But it is required, when taken against FD or LIC policy.
Is loan guaranteed?Higher chances compared to banksDepends majorly on credit history
Regulated by RBINoYes
Any free services offered?Few lenders offer free credit reportNo
Cancellation chargesVaries but there is no charge if cancelled within 24 hoursYes
Loan amount transfer processDirectly to the borrower's bank accountCheque, demand draft or NEFT

How it is profitable for lenders to offer loan?

Obvious question that comes to mind is how PTPL companies manage to be profitable even though they charge less interest?

Here are the main reasons why P2PL companies make profit:

No transaction cost: Since the whole process right from application to loan disbursement is online, there is no transaction charge involved. So less manpower and reduced operating cost.

Higher number of applicants: And as mentioned above, the pool of applicants is large, loan amount granted is small, and interest rates offered are on a lower side. So money pooling is at a bigger scale and overall interest earned is high compared to the rates offered on other investment options for e.g. savings account.

Check out more details on getting personal loan from peer to peer lenders.

Basically P2PL’s are risk takers offering credit at low interest rates. So individuals seeking personal loan for small amount or with low income or poor CIBIL score or no credit, can apply for loan at peer to peer lending companies. The chances of getting loan are higher as there are multiple lenders i.e. individual’s or entities. Moreover you can bargain with each lender on the loan amount and interest rate.

And be it India or anywhere in the world, the importance of PTPL is growing at a rapid pace.

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Peer to Peer Lending: Personal Loan for Low Salary/CIBIL Score & No Credit

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Proliferation of advancing digital technologies is helping financial institutions connect with borrowers with ease. And at the same time, getting a credit is becoming less headache to the borrowers. This is because they now have ample of avenues to compare and get any type of credit such as home loan, car loan, or credit card etc.

And one of the most in demand category of credit is the personal loan. These are unsecured loans and are considered to be the most easy to get category of finance. However ease of getting a loan is applicable to specific category of individuals and these are people with good CIBIL score.

But not everyone can have a decent score to qualify for credit. And considering India’s strict regulatory rules, it has become very difficult for the following three categories of individuals to get personal loan:

  • Poor or low CIBIL score
  • Poor salaried
  • No credit history

Banks do not take interest in lending money to such individuals. This is because financial risks are involved due to their poor credit history or no credit history at all. Possibility of defaults resulting in loss to financial institutions is the main reason for the loan denial. Check out how low salaried can get personal loan.

Because of this, fulfilling money requirement in the time of utmost need becomes difficult for borrowers. Although there are many other ways to get personal loan such as against FD or LIC policy etc. but this is not possible for everyone.

This is where peer to peer lenders come to rescue. And it is a good opportunity especially for above mentioned individuals to apply for personal loan at peer to peer lenders.

What is peer to peer lending?

These are online marketplaces (i.e. websites) through which borrower can connect with multiple lenders (basically individuals/companies). Borrowers upload their details on the website and lenders will access these details and then take a call whether to provide loan or not. So basically PTPL make personal finance accessible similar to financial institutions but difference is there is no involvement of bank in the process.

Here are the eight prominent PTPL (peer to peer lending) companies in India:

  1. Lendbox
  2. Indialends
  3. Faircents
  4. Cashcare
  5. i-lend
  6. Lendenclub
  7. RupeePower
  8. Loanmeet

So how do P2P lenders differ from traditional financial institutions?

Listed below are the features of peer to peer lenders and traditional financial institutions such as private, private, co-operative banks and others:

  • No involvement of banks in the functioning of P2PL companies. They work bank-free.
  • Interest rate: Decided between borrower and lender as per the agreement and is fixed
  • Small loan amount (differs for each company) compared to financial institutions
  • Repayment time frame is low
  • Speedy loan processing and disbursement
  • No physical documents required unlike banks who send their executives for document verification. In case of these lenders, documents are required to be uploaded online on their website.
  • Your details are highly secured. Financial data is not shared with credit institutions. So even if you default, you have ample of choices to pay personal loan installments. But remember that PTPL has a clause to take legal action against defaulters or make use of recovery agents.

Check out 26 difference between banks and PTPL.

PTPLs are now growing in demand in India. The power of credit is undeniable and its effective usage empowers the needy tremendously. So irrespective of the lender you take a loan from be it bank, NBFCs, PTPL or against FD or LIC policy, it is your duty to repay them on time and prevent yourself from getting into debt trap.

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28 International Debit Cards: Benefits, Features, Charges

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When it comes to travelling abroad and spending money, there are few widely used options:

  1. Local currency cash
  2. Credit card
  3. Prepaid travel card
  4. International debit card
  5. Travelers cheque

Each of the above mentioned payment options has its own pros and cons and picking an incorrect option would result in traveler spending extra money from his/her pocket. For e.g. using credit card can result in foreign transaction, withdrawal and conversion fee.

In this article we’ll discuss on international debit card, its benefits/features and different cards available for Indians travelling abroad.

What is international debit card?

First of all let’s understand the meaning of such card. It is similar to the domestic debit card but only difference is that you can use this card internationally for various purposes such as making online purchase in different currency, use at ATMs worldwide or in-store purchases abroad and many others. These features are not available in a domestic card and it can be used only in India.

Benefits or features of international debit card:

  • You can make transactions in currencies other than Indian rupee either online or in-store.
  • As you don’t have to carry paper money, it gives more relief from theft or loss of money. Moreover if the card is lost or stolen then card holder can immediately block the card.
  • In order to operate the card, PIN is must. So this gives additional level of security level. Moreover banks offer EMV chip cards i.e. information is encrypted in a micro chip.
  • You can withdraw cash from ATMs abroad in local currency.
  • Money automatically gets debited from the account linked with the card. So there is no need to wait for the monthly bill like credit card and then pay the bill. Also this helps in building saving habit.
  • Apart from the above advantages, many international debit cards also offers cashback, fuel surcharge waiver, and free accidental cover.

How to get international debit card in India:

Almost every bank in India offers pre-approved international debit card or you can apply for them separately. Here’s the list of few cards offered by prominent banks in India.

Bank NameName of Debit Card
SBIGlobal International
Axis BankVisa Classic
Axis BankBurgundy World
Axis BankTitanium Prime
Axis BankTitanium Prime Plus
Axis BankMasterCard Classic
Axis BankSmart Privilege
ICICI BankVisa Platinum
ICICI BankSapphiro
ICICI BankRubyx
ICICI BankCoral
ICICI BankUnifare DMRC Platinum
ICICI BankSapphiro Business
ICICI BankVisa Signature
ICICI BankMasterCard World
ICICI BankPlatinum Identity Chip
ICICI BankPrivilege Banking Titanium
ICICI BankPrivilege Banking Gold
Indian Overseas BankInternational Visa
HDFC BankJetPrivilege World
HDFC BankEasyShop Platinum
HDFC BankEasyShop Titanium Royale
HDFC BankEasyShop Titanium
HDFC BankEasyShop Business
EasyShop Imperia Platinum Chip
EasyShop Gold
Advance Platinum
HSBCPremier Platinum

Factors to consider before opting for an international debit card / various charges:

You can use your debit card in foreign country with ease and also it is easily available compared to credit card. However there are few essential points to remember before choosing the card as follows:

  1. Check whether the bank has ATM presence in the country where you are travelling. Otherwise you would be charged ATM withdrawal fee for using the card at other bank’s ATM.
  2. Annual and joining fee: Unlike annual fee on credit cards, debit card for travelers also carry an annual fee and it varies for each bank. Some banks may also offer this card for zero fee. So if you are travelling for only a short duration then avoid buying cards carrying annual fee.
  3. Conversion fee: Similar to credit cards, if you use debit card abroad very frequently then it’s must to know the currency conversion fee.
  4. Transaction fee: Any purchase made using a credit card in a non-local currency carries a transaction fee. Minimum fee is between 2%-3%. However this fee may vary or might be zero for international debit card. So check with the bank and know about the foreign transaction fee.
  5. Daily withdrawal limit: It’s quite common to face cash crunch in foreign country. Moreover many a times, you won’t have an option to use debit card everywhere. In such cases, ATM withdrawal is the most feasible option. But before withdrawing the cash, it’s important to be aware of the withdrawal limit for various countries in order to avoid any extra fee.
  6. Daily transaction limit: In addition to the withdrawal limit, every card carries a point of sale transaction limit. And crossing the limit would result in a penalty. And it’s always recommended to be aware of this charge.
  7. Loss or damage: Losing/damaging a card or being stolen brings is a nightmare for any traveler especially when there is no other payment option possible including cash. Although you can get a new card immediately but it is not free of cost. An extra charge has to be borne by the traveler. Remember to report loss of card immediately. This is because bank offers protection from illegal charges accrued on the card.
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Buying Term Insurance Policy? Consider these 9 Points

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70% people in India take money back plan in the name of insurance. Either due to lack of knowledge or they come in the trap of agents who in order to meet their target sell such plan. Or due to the fact that there is no return in case of term plan. In case of money back policies the cover offered is very less compared to term insurance.

But remember that term insurance is more beneficial especially to the single earning member in the family or when the dependents are more. This is because in an event of death of the breadwinner of the family, the nominee will receive sum assured of over 25 Lakh (depending on the chosen plan). Whereas in case of money back plan your dependents will receive a small sum of Rs. 2-3 Lakh only. Although term plan is expensive as investor has to shell out premium which is higher than money back plan.

It is the responsibility of the person to think about the family’s future so that his family does not have to face any financial hardship in the future.

Here are the tips on buying term insurance:

  1. First and foremost requirement is that you should not think of term plan as an investment product.
  2. Buy Online: It is recommended to buy term plan online as it saves time and money both. Also before buying, list down your financial objective and choose the plan that best fits your requirement. Also consider cost factor before finalizing. Many companies offer discounts especially to individual’s who do not smoke or do not have any life style illness.
  3. If you are unhappy with the purchased policy then you can return it and claim the refund during the free lock-in period.
  4. Make your nominee aware of the features and benefits of the plan. Also make him/her understand the claim procedure. Try to maintain all the policy related documents in one place. This is be handy when the real need arises.
  5. Policy should be purchased only from the companies with a very high claim settlement ratio. If the premium is low and ratio is poor then avoid such companies. While evaluating, it is always advisable to consider premium as secondary option and claim settlement ratio the first.
  6. Choose a company offering easy claim settlement process. This will benefit the nominee in the time of need.
    Inflation should be taken into consideration, if you are planning for a long term plan.
  7. Nominee should be chosen carefully. Although changing nominee is possible but still try to name a person whom you trust.
  8. Another aspect to consider is an option of enhancing the cover. If someone wants to start small and at a later stage company permits to increase the cover by paying additional premium, then it is good. This option would be mostly suitable for singles who might want to raise the cover when they get married.
  9. Adding rider is another aspect to consider when choosing a term plan. Many companies provide an option to add riders which is nothing but add-on to the policy. Typical riders cover disability, job loss, critical illness, and others. During claim policyholder will receive benefits which are in addition to the policy.
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GST Impact on Common Man: What will become costly & cheap

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One of the biggest and most powerful tax reform after independence is nearly coming to reality i.e. GST – Goods and Service Tax. Let’s see how GST is linked to every individual’s life and how it will impact our financials. As of now, common man has to pay various taxes including varying state related tax on the goods or services purchased. This includes tax paid by the manufacturer and the end user i.e. consumer.

Firstly the manufacturer of the products has to pay central tax such as excise duty, octroy etc. and post that consumer pays tax on the items purchased which includes VAT, service tax etc. This straight away increases the prices of goods or services. If GST gets implemented, there will be end to such multiple taxes and instead there will be a single tax with a specified rate across the country.

Listed below are few basic necessities which are expected to become costly once GST gets implemented across India on 01st April 2017.

  • Insurance premium: Although insurance is considered to be the most important part of life, the same will become costlier. This is because service tax will be included in the GST. So an addition of 3% will put a burden on the policy holder’s wallet.
  • Mobile phones and laptops: Duty on manufactured goods is set to rise from existing 14%-15% to 18%. Because of this, the two most widely used gadgets in India mobile phones and laptops are set to become expensive.
  • Hoteling: Spending money in hotels is going to become dearer as service tax will be included in the GST. So instead of 15% tax, you will have to shell out an additional 3% tax i.e. total of 18% on your hotel bill.
  • Alcohol & Cigarettes: Although in every budget cost of cigarette becomes rises, the impact of GST will further add to its cost. This includes alcohol as well. There is a component called Sin Tax in GST which is proposed at 40% in the Goods and Service tax bill.
  • Airtickets: Tax rate on domestic and international flights is set to increase. This is expected to double. So this will straight away increase the price of your flight tickets.
  • Telephone Bills: Call charges and data usage charge will increase. This too will rise as 18% GST rate will be replacing the existing service tax of 15%.
  • Food items: Packaged food items.
  • Other things which are set to become costlier are gems and jewelries, branded clothings, online shopping and most importantly medicines. Check out how to get cheapest medicines in India.

What will become cheaper with GST?

As you can see above, your household budget is set to rise although for a short period but there are certain FMCG products which will become cheaper. This includes:

  • Buying home
  • Purchasing vehicles as on road price is estimated to drop by nearly 8%.
  • Electrical appliances such as air conditioner, celing fan, microwave oven, fridge.
  • Movie tickets: As there will be a reduction of tax between 2%-4%, price of tickets is set to reduce.

But make a note that – GST is a new financial concept and there is less clarity especially to the service industry as to how they will have to pay GST. Also GST rate is yet to be finalized and it is expected to be around 18%.
Although basic things are set to become expensive in the short term. But in the long run things will become cheaper and will benefit consumer.

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IRCTC Travel Insurance: Coverage, Exclusions, Claim Process

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Insurance is undoubtedly the most important part of everyone’s life. However in India the insurance penetration is still very low. You must have heard many insurance companies offering coverage for personal accident, total disability etc. However such policies are either sold as a part of package e.g. two wheeler or 4 wheeler or individual policy with high or additional premium.

Ever imagined any insurance with a premium of just Rs. 1? This sounds like a marketing gimmic but IRCTC will offer travel insurance to individual’s booking e-tickets on their portal. Rs.1 premium will be for each valid ticket holder with PNR status.

This insurance for railway passengers will provide coverage against the following conditions:


  1. Death or permanent total disability: 10 Lakh
  2. Permanent partial disability: Rs. 7.5 Lakh
  3. Hospitalization expenses: Rs. 2 Lakh
  4. Transportation: Rs. 10, 000. This particular coverage will be given to transport mortal remains of the policy holder when he/she dies due to an accident. When the policy holder gets injured then also the sum insured will be given. Other benefit is that incidents such as terrorist attacks, dacoity, riot, shoot-out or arson, as well as for short termination, diverted route and Vikalp trains are also covered.
  5. In case of train cancellation and route change, insurer will have to pay money to the claimant.


  1. Sub-urban travellers won’t be covered
  2. Claims will be rejected if when accident takes place at location not falling between the originating and arriving station.

Claim process:

Family members will have to file for a claim within 4 months of the event. Once details are received by the insurance companies, they will have to process and pay the claimant the money within 15 days. The money will be sent via cheque to the claimant.

How to buy travel insurance on IRCTC website:

While booking train tickets, an option to select travel insurance will be offered. E-copy of the policy document will be sent on the E-mail. This insurance will be offered starting 01st September, 2016. The system will work in rotation i.e. in the first rotation 1st company will get the insurance. In the next rotation, 2nd company will get the insurance and so on.

If someone wants to buy insurance for their child then they will have to provide details such as full name, date of birth, gender, name of parents and others.

For adding nominee details, message will be displayed after the ticket is purchased. User will have to fill in nominee details which will include name, relationship, contact details and few others.

Even if traveler doesn’t have reserved ticket then also he/she would be covered.

Which companies have partnered with IRCTC to offer insurance for railway passengers?

Total 19 companies opted for bidding and following three companies were finalized:\

  1. ICICI Lombard General Insurance Company
  2. Royal Sundaram
  3. Shriram General

Should you buy IRCTC travel insurance?

Although this insurance is not mandatory, considering the negligible amount to be paid as a premium, it is worth buying travel insurance from IRCTC. No where in this world you will get such a cheap insurance policy. And imagine you are the sole earning member in the family and while travelling you die or get permanently disabled. What will happen to your family in such condition?

Travellers from which train / class will be insured?

Individual’s travelling in any class will be offered insurance. There is no restriction.

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05 Aug 2016 – IT Return Last Date: 7 Do’s & Dont’s you should know

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Last date of filing income tax return was 31st July 2016 but it has now been extended to 05th August 2016 by the government. For those who’ve already filed their returns there is no need to worry unless and until you receive notification from IT department asking for more information. Revision may be required when few details were omitted or erroneous information was submitted.

However those who are yet to file return for the assessment year 2016-2017, here are some very important do’s and don’t’s to keep in mind in order to avoid mistake of any form in the last minute.

After you file tax return online, an acknowledgement slip is generated called as ITR-V. Tax payer has to send this slip to the Income Tax Department-Central Processing Center.

  1. Only use inkjet or laser printer: Many tax payers make mistake of using dot matrix printer for printing their ITR-V form. Never do this and always use inkjet or laser printer. One more important point to note is that the ink color of the printer should be black and not of any other color.
  2. Use good quality print paper: Due to unavailability of good quality paper, printouts are taken on poor quality paper which results in too light or almost faded print which becomes unreadable to a normal eye. It should be easy for tax authority to identify the details of tax payer.
  3. Never orientate on watermarks: The only watermark allowed on the ITRV form is of Income Tax Department which is printed automatically on the tax form. No other watermark should be inserted.
  4. Always sign in original and only in blue ink: The three most common mistakes made by tax payer are – they forget to sign the form or signature is in color other than blue ink or they send photocopy of the signed ITRV form. Signature should be original. Also never sign either on barcode or the numbers below the code. It should be clearly visible to the tax authority.
  5. Use only A4 size white paper: Tax payer should only use A4 sized white colored paper. Other paper types and formats should be strictly avoided. Also make sure you do not write anything on the back of the paper and do not use stapler on the acknowledgement slip.
  6. Printing back to back: Never submit original or revised returns which are printed back to back.
  7. There is no need to submit ITV form of more than one individual in a separate envelope.

Since very limited time is left, you can opt for filing IT returns online by visiting the official website: Just register yourself on the portal and you are good to go.

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9 Best Personal Loan for Women: Self Employed & Working

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The most basic requisite for any type of loan or credit card is the annual income. In addition to this, lenders also check for CIBIL score, job type etc. Basically banks objective of asking these details is to gauge the repayment capacity of the applicant. Getting a loan may not be a problem for working professionals (male or female).

However even a working women may have to sit at home due to reasons such as pregnancy, medical condition etc. In such a scenario, if she continues to earn salary from the employer then it’s an advantage. But what if, someone has to sit at home for prolonged time period and does not have any source of income and need for money arises and there is no one to help her financially? How can such housewive meet her requirement?

A women may need personal loan for following reasons:

  • Education
  • Buying electronic equipments
  • Buying two wheeler or car
  • Purchase of ornaments
  • Medical or wedding expenses
  • Starting new business
  • Home renovation and and many others

In such cases, personal loan can come to rescue. However as mentioned above, lenders will first ask for salary slip, which is not possible to produce for a housewife. So how can she get a loan?

Read more on getting personal loan from peer to peer lending companies.

Many banks in India offer specialized schemes for women – self employed or working professionals. Listed below are the various loan schemes for females:

1)  AB Vanitha Vahan Scheme: For self employed housewives offered by Andhra Bank. This loan is also offered to working women. However this loan can only be taken for purchase of either two or four wheeler (new or second hand). The annual income criteria are: Four wheeler: 1 Lakh & Two wheeler: INR 60, 000

2) Star Mahila Gold Loan Scheme: Offered by Bank of India for purchasing gold jewelery or coins to both working and non-working women. 10 times of monthly net income of spouse to non-working and 50% of gross annual income is offered.

3) Can Mahila: Compared to above mentioned loan conditions, this loan from Canara Bank can be used for any purpose such as buying electronic equipments such as laptop, washing machine etc., gold ornaments etc.

4) V Swashakti: With an objective of making women self dependant, Vijaya bank offers loan of maximum Rs. 5, 00, 000 to their women customers. The loan can be used for setting up small businesses such as: tailoring, canteen or catering service, medical shop and many others.

5) Sakhi Shakti: Offered by IDFC bank to meet financial needs. It requires very basic documentation such as Aadhaar card.

6) Oriental Bank of Commerce: Offers credit for women wanting to operate boutique, saloons, beauty parlours or for tailoring job.

7) Shri Mahila Sewa Sahakari Bank Ltd. also offers various loans for meeting purposes such as buying assets, renovating house, and many others.

8) 4 loan products by Bhartiya Mahila Bank:

  • Shringaar: For setting up beauty parlour, buying necessary equipments and meeting day to day operations. This loan does not need any security.
  • Annapurna: For setting up food catering business and purchase of related items.
  • Kitchen Modernization: For renovating kitchen and purchasing electronic items, furniture and utensils etc.
  • Parvarish: For setting up day care center. Advantage is that it does not require any security.

9)  Four schemes by PNB: Punjab National Bank offers five schemes for women for various purpose. These include:

  • Mahila Udyam Nidhi Scheme: For setting up small scale industries
  • Mahila Samridhi Yojana: For purchasing and setting up of internet café, beauty parlor, telephone booth/FAX machine etc, tailoring, telephone booth, beauty parlor etc.
  • Loan for financing creche and associated expenses such as utensils, fridge, cooler etc.
  • Kalyani Card Scheme: Provides credit for funding of agricultural and non-farming activities.

Other options to get personal loan are against FD and LIC policy. If you have low salary or poor CIBIL rating or no credit at all, then approaching peer to peer lending companies instead of banks to get a loan is another option.

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Best Credit Cards for Movie: Offers, Free Tickets, Discounts

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India is the world’s largest movie producer. And its revenue is expected to rise to INR 150 billion in 2o16 (according to Wikipedia article named Cinema of India).

With the growth of digital technologies, movie lovers book tickets online either on website or app. And they either make use of net banking, debit or credit cards, payment wallets and others.

Taking benefit of this rise in online buying are the credit card companies who offer special discounts/free tickets/offers for their card holders. Although such cards are not specifically made for entertainment and they offer other benefits such as discounts on dining or hotel and many others.

So which are the credit cards for movie lovers? Listed below are the  top lenders in India along with their cards and offers.

Bank NameCard NameOffer
HDFC BankTitanium1) 25% off on cinema tickets.
2) Discounts upto Rs. 1, 800 or more in a year.
HDFC BankTimesCard - Titanium & Platinum25% off
ICICI BankSapphiro, Rubyx, Coral, Carbon, Signature
Jet Airways ICICI - Sapphiro, Rubyx, Coral
1) Buy 1 and get 1 free on any day of the week
2) Up to 2 free tickets per month.
Both offers only on
ICICI BankDiamant & Sapphiro CardUpto 2 tickets free per month
HSBCAll cards2 movie tickets for the price of one only on BookMyShow mobile app for Saturday shows.
Kotak Mahindra BankVisa Infinite or Signature2 movie tickets for the price of one on or it's mobile app
Kotak Mahindra BankAll cards10% off on booking movie tickets at or INOX Mobile App
IndusIndIndulge, Pinnacle, Signature, Platinum, World Miles Platinum
Jet Airways Odyssey & Voyage, World Miles Signature, Iconia - Visa & American Express
Upto 1-3 free tickets every month only on
Number of free tickets varies for each card.
SBISignatureRs. 500 off every month only on
Axis BankMy Zone, Platinum & Titanium25% cashback on all days of the week with a limit of Rs. 1000 in a calendar year. Applicable at all cinema halls.


  1. Check with bank whether offer is still valid. As they may change time to time depending on bank’s discretion.
  2. Movie offers are also offered on debit card. So check with your bank on such offers.
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