Explore a Collateral-Free Personal Loan

In the last decade, women have significantly contributed to their families and the nation's economy. Hence, it is only just that they have access to Personal Loans designed specifically to meet their unique needs.
With Mangalam Industrial Finance Limited’s Personal Loan for Women, you can address various essential requirements like education, medical emergencies, and more. This loan is collateral-free and can be conveniently applied for through a user-friendly online application process, requiring minimal documentation.

Interest Rates and Charges on Personal Loans

Interest Rates 9.99%* p.a. onwards
Loan Amount ₹1 Lakh to ₹30 lakh
Processing Fees Up to 2% plus taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Interest 3% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
Hidden Charges nil

Personal Loans in India: How Can it be Utilised?

Personal Loans are versatile financial products in India that can be utilized for various purposes, such as:

  • Higher Education
  • Home Renovation
  • Medical Emergencies
  • Wedding Planning
  • Travel or Vacation

At Mangalam Industrial Finance Limited, we don't inquire about the purpose of the Personal Loan, recognizing the diverse financial needs of women. This allows you to use the funds according to your specific requirements.

Eligibility Criteria for Personal Loans

We've simplified the eligibility criteria to make it easier to avail of a Personal Loan:

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Age
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Citizenship
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Employment
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Monthly Income
  • Age:-Between 22 and 57 years

  • Citizenship:-Indian citizen

  • Employment:-At least one year of work experience

  • Monthly Income:-At Least ₹30,000

Note: Additional criteria may be specified during loan processing

Documents Required for a Personal Loan

Mangalam Industrial Finance Limited requires basic and necessary documents, including:

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KYC Documents (Identity Proof)
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Income Proof
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Address Proof
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Proof of Employment

Additional documents may be required on a case-to-case basis.

Features and Benefits of Personal Loans

We've simplified the eligibility criteria to make it easier to avail of a Personal Loan:

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Minimal Documentation
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collateral
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Higher Personal Loan Amount
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Flexible Repayment Tenure
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Low-Interest Rates
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Attractive Interest Rates
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Easy Application Process
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No Foreclosure Charges
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Multipurpose Loan
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No Hidden Charges

Apply for Personal Loan

Click on 'Apply Now' on our website, complete the application form, and upload the necessary documents for quick approvals.

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Apply Online

Click on Apply Now and fill out your contact information.

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Personal Details

Enter your date of birth, qualification, and residential address.

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Verification

Submit and upload all the information for verification.

After your documents are verified, the loan amount will be disbursed instantly.

Frequently Asked Questions

  • Visit the ‘Personal Loan’ page on our website, check eligibility, and click on ‘Apply Now’. Complete the form, upload relevant documents, and after verification, the approved amount will be disbursed to your bank account.

*Terms & Conditions Apply

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