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With modern times, housewives have also given a new definition to balancing act by easily juggling both household chores and having a career. housewives nowadays are not only homemakers but also career-driven or ambitious to start a business of their own. 

However, of all the housewives who dream of starting their own business or brand, most face the hurdle of being funded or putting together a capital. This has a solution now as housewives too can apply for a loan. Today, all you have to do, for example, is type how to get personal loan for housewife, and you can instantly see tons of banks and financial institutions offering this service.

Ways To Get Personal Loans for Housewives

1. Secured loan vs Unsecured loan

Housewives can avail of two types of personal loan, secured and unsecured personal loan. 

  • Secured loan

A secured personal loan for housewives is where they would have to put up a collateral against the borrowed loan amount, like property, vehicle, jewellery, etc. 


  • Unsecured loan

An unsecured personal loan can be availed of without putting up any kind of collateral. This loan type is one of the best options and is very easily available as well. If you are looking for personal loan for unemployed housewife, then a secured loan might be your best bet.

2. Personal loan via co-applicant 

Housewives who are unemployed can approach an earning individual to become their co-applicant  for a personal loan, like their husband, father, etc. The total loan amount that can be sanctioned as an instant personal loan for housewife will then depend upon the salary or income of the co-applicant. However, the co-applicant is equally responsible to pay the EMIs if the housewife defaults on her repayment schedule.

3. Personal loan via guarantor

If the housewife has no working partner that can apply for a personal loan as a co-applicant, then she can opt for a guarantor as well. The guarantor must give a written assurance that if the housewife is unable to repay it in the future, then that loan  will be repaid by the guarantor.

4. Loan against gold

housewives often have some type of jewellery saved up for emergencies or rainy days, which normally just stays in the locker until then. It is possible to use this very gold as collateral with a lot of lenders in the market, who would offer money against gold. You can get all your gold back once the loan has been repaid.

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Personal Loan Schemes for Women

Apart from the different types of personal loan, gold loan, etc, that housewives can easily avail of, there are a few government schemes also put in place to help with personal loan for housewives: 

1. Pradhan Mantri Mudra Yojana for housewives

This scheme aims to encourage budding housewives entrepreneurs by providing personal loans to housewives, helping them set up their own venture. Several lending institutions and banks offer mudra loans under this scheme to eligible applicants.

2. Udyogini scheme

Housewives can avail of up to Rs. 1 Lakh to start a business under the Udyogini scheme. The rate of interest in this scheme is very low, and if the annual family income is less than Rs. 45,000, then housewives can apply for this scheme. However, there are no annual income limit criteria for widowed or disabled women.

3. Star Mahila Gold Loan scheme

This scheme is offered by the Bank of India, and it is very helpful as non-working housewives can also support their dreams of starting a business with this gold loan scheme.

Features of Personal Loans for Housewife

Multipurpose loan

Personal loans are multipurpose loans, i.e., you do not have to specify the reason behind opting for the loan. These types of loans can be used for multiple reasons deemed fit by the applicant.

No collateral needed

Unsecured personal loans also allow you to borrow money without offering any collateral at all.

Less paperwork

It is easy to avail of an online instant loan for housewife with minimal paperwork. 

Quick process

The online application process is quick and hassle-free.

Smaller EMIs

<p>housewives also have the option to choose a longer tenure, reducing the burden on their monthly EMIs.</p>

Flexible Repayment

<p>The repayment terms for loan applicants are also flexible and according to the comfort of the lender, as they can choose the repayment tenure.</p>

Loan for Housewife Eligibility & Documents

Eligibility Criteria

Documents Required

  • housewives must be of Indian nationality.

  • housewives applicants should be between 21 to 67 years of age.

  • housewives can opt for a co-applicant or guarantor.

  • PAN card and Aadhaar card of the applicant, for KYC verification 

  • Driver’s licence, Passport, etc

  • If you have applied with  co-applicant or guarantor, then their income details like bank statements, salary slips, Form 16 etc

Steps to Apply Loan for Housewife


Applying for personal loan for housewives is no longer a task as you can do the entire process online, in just a few clicks. Check out these steps and learn how to get personal loan for housewife:

  • Visit the lending institutions website and opt for the loan type of your choice.

  • Click on ‘apply online’ to open the application form.

  • Fill out the form and enter OTP received on your registered number.

  • Enter your KYC data and income details, as applicable.

  • Select the loan amount you wish to borrow.

  • Submit your loan application and wait for a bank representative to get in touch with you.


Housewives too can apply for secured or unsecured loans, and avail of funds to become entrepreneurs today. It has become easy to apply for a loan for housewife and help them achieve their dream of starting a business by approaching banks or using the government's housewives empowerment schemes.

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