Housewives are eligible for loan without income or job proof, know how – ..

Types of loan options for women with no income: Taking loan has become easy in today’s era. Loans can be easily obtained for sudden financial needs and certain expenses. But for that it is mandatory to submit income-employment certificate. So can women building houses get loans? The answer is yes. However, different banks and financial institutions have different terms and conditions. Which has to be followed.

For housewives who are not employed and do not have any source of income, personal loan is an alternative to gold loan. If a woman owns property, she can get mortgage, renovation and home loans. If you meet the criteria of any bank or financial institution then you can easily get a loan. For which necessary documents including ID proof, address proof will have to be presented. Notably, housewives are allotted lower amounts of loans compared to the salaried class.

You can also get loan against FD

If you have a fixed deposit (FD) in any bank then you can get a loan on it. Women can also take gold loan against gold jewellery. For which income proof is not required. For ID proof, documents like driving license, PAN card, passport, water ID card, Aadhar card will have to be presented.

Provides loans to the unemployed

Most of the time private financial institutions and NBFCs are easily distributing loans to the unemployed. However, its interest rates are higher than those of banks. Some private banks and government banks also provide loans subject to conditions. For which you can go to any branch or get information from online website.