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Home Loan for Women

Check out home loans for women, including interest rates, features, and how to apply to secure your dream home.

Max. Tenure 30 Years

Lending Partners 10+

Max. Amount ₹15 Crores

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Home Loan

Home Loan EMI Calculator

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In India, women are increasingly becoming key players in the housing market, supported by policies aimed at promoting financial inclusion and equality. Many financial institutions have responded by offering home loan products tailored for women. These loans are designed to make homeownership more accessible, with advantages such as easy eligibility criteria, faster loan processing, and government subsidies, providing women with greater financial independence and the opportunity to invest in their future.

Home Loan EMI Calculator for Women

Use this tool to quickly estimate your EMIs by entering your loan amount, interest rate, and tenure. It helps you plan better and compare repayment options that fit your budget.

Your Home Loan EMI

₹ 7,995

Total Interest Amount

₹ 918,775

Principal Amount

₹ 10,00,000

Total Payable Amount

₹ 19,18,775

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from multiple Home Loan providers on Bajaj Markets.

Benefits of Home Loans for Women

Home loans for women offer a range of financial benefits designed to make home ownership more accessible and affordable. These features support easier repayment, foster financial independence, and contribute to long-term security.

High Loan Amount

Purchase the home of your dreams with high loan amounts.

Lower Interest Rates

With competitive interest rates, you can enjoy lower repayment costs. Some lenders may also offer special home loan interest rates for women, making borrowing more affordable.

Higher Chances of Approval

Lenders often extend favourable terms to women applicants, recognising their growing participation and reliability in financial planning.

Flexible Repayment Options

Women can often opt for longer repayment tenures, making monthly EMIs more manageable and better suited to their financial comfort.

Lower Stamp Duty

In many Indian states, women are entitled to a concession of 1% to 2% on stamp duty charges. This helps reduce the overall cost of home ownership.

Tax Benefits for Women Homebuyers

Women can claim tax deductions of up to ₹1.5 Lakhs for principal repayment and up to ₹2 Lakhs for interest repayment.

Higher Loan-to-Value Ratio (LTV)

Some lenders offer a higher LTV ratio to women, enabling them to finance a larger portion of the property’s value with a smaller upfront payment.

PMAY Subsidy Benefits

Under the Pradhan Mantri Awas Yojana (PMAY), women can receive subsidies of up to ₹2.67 Lakhs. The scheme requires that at least one woman be a co-owner to qualify.

Eligibility Criteria for Home Loan for Women

Meeting the eligibility criteria can improve your chances of securing a home loan with favourable terms. Understanding these requirements helps you plan your finances and prepare a strong application. Here are some common criteria that you may be required to fulfil in order to be eligible for a home loan:

Your age should be between 23 and 70 years
You should be an Indian national
You should be either salaried or self-employed
Your annual income should meet the minimum set by the lender
Salaried individuals must have at least three years of work experience
Self-employed individuals should have a minimum of five years of running a stable and successful business

Documents Required for Home Loan for Women

Submitting the correct documents ensures your home loan application is processed smoothly and without delays. Preparing them in advance can save time and improve your chances of approval. You may need to provide the following documents:

ID proof: Any one of the following
- PAN card
- Aadhaar card
- Voter ID
- Driving licence
- Passport
Address proof: Any one of the following
- Aadhaar card
- Utility bills
- Ration card
- Passport
Income proof:
- Salaried: Last three months’ salary slips, Form 16, bank statements, and ITR copies of the last two years.
- Self-employed: Bank statements, IT returns of the last two years, business financial statements, professional qualification or degree certificates, and TDS certificates.

You may also be required to submit property-related documents. Requirements can vary across lenders, so carefully review the eligibility criteria and document list before applying.

How to Apply for a Home Loan for Women

Here are the typical steps you can expect when applying for a home loan:

Check your eligibility, including income, credit score, age, and employment status
Compare lenders to evaluate interest rates, processing fees, and women-specific benefits
Estimate the loan amount and monthly EMI to plan your finances
Gather required documents such as ID proof, address proof, income statements, and property papers
Submit the application through the bank branch or online portal
The lender will verify your documents and assess your repayment capacity
Upon approval, sign the agreement and receive the loan according to the agreed terms

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Frequently Asked Questions on Home Loans for Women

Is the home loan interest rate for women low?

Yes, the home loan interest rates for women are usually lower than the regular rates. Various lenders offer this benefit.

What are the stamp duty charges for women?

Stamp duty charges on a home loan for women vary depending on the region. In some states, women can enjoy rebates on stamp duty. For example, in Maharashtra, they are offered a 1% reduction on the stamp duty.

Can both husband and wife claim benefits on the same home loan?

Yes, both husband and wife can claim benefits on the same home loan. When the property is jointly owned, each can claim tax deductions on their share of the loan principal and interest.

Who can be a co-applicant for a home loan taken by a woman?

The borrower’s husband, son, or unmarried daughter can act as a co-applicant for a home loan for women.

What is the maximum home loan available for women?

Lenders determine the maximum home loan for women based on income, credit history, and repayment capacity.

What are the processing fees applicable to a home loan for women?

Processing fees for home loans for women vary by lender and loan amount and are a one-time charge to cover administrative costs. Certain lenders may not charge a processing fee for women borrowers. Read the terms and conditions to understand any applicable charges and ensure you know the exact costs before applying.

Are there any concessions for women in home loans?

Yes, women can enjoy lower interest rates, flexible repayment tenures, and 1%-2% lower stamp duty charges in many states.

Are women eligible for special home loan schemes?

Yes, women can get benefits under schemes like PMAY, which offers subsidies up to ₹2.67 Lakhs if at least one woman is a co-owner.

Are there any special tax benefits available to women for home loans?

Yes, women homebuyers can claim tax deductions of up to ₹1.5 Lakhs for principal repayment and up to ₹2 Lakhs for interest repayment. If the property has co-owners, each woman can claim these benefits individually.

How long does it take to get approval for a home loan for women?

Lenders approve home loans for women based on factors like financial profile, complete documentation, and the legal status of the property. The approval process moves faster when applicants submit all required documents and meet the eligibility criteria.

However, the exact time can vary depending on the lender’s internal procedures and the complexity of the application.

Are home loans for women available for all types of properties?

Home loan eligibility for women depends on various factors, including the type and cost of the property. Lenders may have specific criteria, so not all properties may qualify. It is best to check with the lending institution before applying.