A few decades ago, it was usually the men in a family who took the lead in major life decisions such as buying a home. Today, women are increasingly financially independent and actively participate in the homebuying process. To support this empowerment, SMFG Grihashakti offers a dedicated home loan for women in India. These customised women’s home loan solutions are designed to make homeownership more accessible and cost-effective.
Let’s take a closer look at how a women’s home loan can support this journey.
Key Benefits of Home Loans for Women
Applying for a housing loan for women in India comes with exclusive benefits that make property ownership more feasible.
Here are the advantages of an SMFG Grihashakti women’s home loan:
- Competitive home loan interest rates,which help reduce the overall cost of borrowing.
- Straightforward home loan eligibilityensuring greater financial access for women borrowers.
- A convenient online application process with minimal home loan documents required.
- Added home loan benefits for ladies, such as co-ownership advantages, tax savings, and long-term wealth creation.
Eligibility Criteria for Home Loan for Women
Eligibility for a home loan for women with SMFG Grihashakti depends on key factors such as age, income, employment type, and creditworthiness:
- Minimum Age: 21 years at the time of application.
- Maximum Age: 65 years at the time of loan maturity.
- Employment: Salaried women employed with MNCs, private or public sector firms, or government organisations can apply for a home loan for ladies . Self-employed professionals such as doctors, architects, and chartered accountants, as well as owners of sole proprietorships, partnership firms, private limited companies, or closely held/unlisted companies, are also eligible for a home loan for women .
- Residency: Must be an Indian resident.
- CIBIL Score: A minimum score of 700 is required for a housing loan for women .
Tip: Use a home loan EMI calculator to estimate EMIs and plan repayments in advance.
*Please note that these are only the basic eligibility criteria for a home loan for ladies. The final eligibility will depend on a number of factors, including SMFG Grihashakti’s policies at the time of loan application.
Home Loans for Women: Documents Required
SMFG Grihashakti has simplified the process of applying for a women's home loan. The following documents are typically required:
- KYC Documents (Identity & Address Proof): PAN, Aadhaar, Passport, Voter ID, Driving Licence, etc.
- Income Proof: Salary slips/Form 16 (for salaried women applicants); ITR and CA-audited financials (for self-employed women applicants).
- Bank Statement: Past 6 months’ bank statements.
- Property Papers: Sale/title deed, possession certificate, allotment letter, NOC from the housing society or property developer.
- Other Documents: Completed home loan for women application form, KYC documents for co-applicant or guarantor.
*Please note that this is a basic list of documents for housing loans for women in India. Based on your individual profile and SMFG Grihashakti’s policies at the time of loan application, additional home loan documents may be requested.
How to Apply for SMFG Grihashakti Women’s Home Loan
Here’s a step-by-step guide on how to apply for a home loan through SMFG Grihashakti:
- Initiate your application here.
- Carefully fill out the application form with the requested details.
- Our representative will get in touch with you to take the process forward for the home loan for women.
Alternatively, if you prefer applying for a house loan for women in person, feel free to visit your nearest SMFG Grihashakti branch. You may also contact us via our toll-free number 1800 102 1003 (available between 9:30 AM – 6:30 PM on all days except Sundays, the 4th Saturday of every month, and public holidays).
Empowering Women Through Homeownership
Taking a housing loan for women in India is more than just a financial transaction. It empowers women to become independent homeowners, strengthens long-term financial security, and contributes to wealth creation. Owning a home not only gives women a stronger voice in family decisions but also provides a stable foundation for their families’ future.
Government Support & Schemes
Several government initiatives encourage women’s participation in homeownership, one of the most prominent being the Pradhan Mantri Awas Yojana (PMAY). Under this scheme, preference is given to women (especially widows and single working women), as well as SC/ST/OBC individuals, persons with disabilities, and transgender applicants.
PMAY also requires that the house be registered in the name of a female head of household, or jointly in the names of the male head of the household and his wife. Only in cases where there are no adult women in the household can the property be registered solely in the name of the male head.
Why Choose a Home Loan for Women from SMFG Grihashakti?
SMFG Grihashakti provides unique advantages that make its housing loan for women stand out:
- Attractive interest rates and transparent fee structures for home loans for ladies .
- Quick 72-hour* loan processing, subject to eligibility and accurate documentation.
- Customised solutions for both salaried and self-employed women applicants.
- User-friendly tools such as the home loan EMI calculator and eligibility checker.
- Dedicated customer support throughout the loan journey.
Apply for a Women’s Home Loan Today to Secure Your Dream House!
Today’s women's home loan options provide an equal and practical path to property ownership. With SMFG Grihashakti, you gain access to competitive interest rates, a straightforward application process, and hassle-free documentation. Whether you are a salaried professional or a self-employed entrepreneur, applying for a home loan for women could be your first step towards financial independence and long-term security. Start your application online today, or connect with us for more information.