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Mint
4 days ago
- Business
- Mint
Women-specific personal loans 2025: Interest rates, features and eligibility
Although personal loans that have been crafted specifically for women are the most essential tools for financial empowerment and independence these days in the ever-changing financial industry, they promise flexibility, convenience, and assistance across a spectrum of endeavours in life, including those that meet the specific financial needs and goals of women. The loans are unsecured loans; therefore, women-specific personal loans are targeted at the different financial needs of an individual from their institutions. A few of the intended purposes might include education, starting your own business, unforeseen medical expenses, remodelling your house, or even during celebratory periods, such as weddings. Unsecured financing: These loans are available to women who would not have borrowing power otherwise, as they are collateral- and guarantee-less loans. These loans are available to women who would not have borrowing power otherwise, as they are collateral- and guarantee-less loans. Competitive interest rates: In order to provide avenues for financial inclusion, many lenders have historically offered better interest rates for loan applicants who are female as proof of their creditworthiness. In order to provide avenues for financial inclusion, many lenders have historically offered better interest rates for loan applicants who are female as proof of their creditworthiness. Flexible repayment options: Since loans can be scheduled between 12 months to 60 months, women have the ability to choose a repayment plan depending on their goals and financial condition. Since loans can be scheduled between 12 months to 60 months, women have the ability to choose a repayment plan depending on their goals and financial condition. Speed of disbursement and minimal documentation: Money is quickly released and approved because of lesser documentation and a simpler application procedure. To guarantee rapid financial assistance, many institutions provide immediate loans to their ongoing clients. Because lending standards are set by individual lenders, eligibility requirements may vary from one lender to the next, but typically include: Age: Generally, applicants fall in the range of 21-60 years of age, Employment: Applicants could be self-employment or salaried and could qualify independently if they can show stable earning income, Income: Generally, they may mention a minimum earning requirement of a ₹ 15,000 per month, Credit score: Your credit score has a better chance of getting approved with a good credit score generally referenced as above 685. Banks Interest rates Processing fees SBI 10.30% - 15.30% Up to 1.50% HDFC Bank 10.90% p.a. - 24.00% p.a. Rs.6,500 + GST HSBC Bank 10.15% p.a. - 16.00% p.a. Up to 2% ICICI Bank 10.85% p.a. - 16.65% p.a. Up to 2% IndusInd Bank 10.49% p.a. onwards Up to 3.5% onwards Kotak Mahindra Bank 10.99% and above Up to 5% IDFC First Bank 10.70% p.a. onwards Up to 2% Note: The interest rates may vary from borrower to borrower, as banks assess applicant's profile depending on the employment, income and credit score. Research and compare: Review the lenders and compare between lenders to see who has the better lending options for you. Review the lenders and compare between lenders to see who has the better lending options for you. Verify your eligibility: Verify you are meeting all of the requirements laid down by the lender. Verify you are meeting all of the requirements laid down by the lender. Documentation : Aside from your identities, proof, existence of address; proof of income, statements from your bank accounts. Aside from your identities, proof, existence of address; proof of income, statements from your bank accounts. Apply: You can apply at the lenders branch, or their website or mobile application. You can apply at the lenders branch, or their website or mobile application. Approval and disbursement: Generally, after your credit approval, loan amounts are less than a day for disbursement. In conclusion, giving women loans means more than just offering a financial product-they are political instruments to ensure that women can be financially empowered, get out of emergencies, and follow their dreams. These loans are, therefore, crucial to closing the gender gap in financial inclusion, offering timely, accessible, and customized financial solutions. Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Hans India
22-05-2025
- Politics
- Hans India
Welfare assistant suspended over bribery charges
Madanapalle (Annamayya district): DistrictCollector Sridhar Chamakuri has suspended D Dwarakanath Naidu, a Welfare Assistant at Kolla Bailu-1 village secretariat in Madanapalle mandal, following allegations of bribery and fraud linked to a fake government loan scheme. The action was taken after a complaint was lodged by residents Reddappa and Harish of Kurparthi village, Valmikipuram mandal, during the Public Grievance Redressal System programme on April 28. The complainants accused Naidu of taking Rs.30,000 in cash and another Rs.49,000 through PhonePe, promising to arrange a Rs.6 lakh loan under the Pradhan Mantri Yojana scheme. They alleged that he also issued them forged ID cards and fabricated loan sanction letters. Acting on the complaint, Collector Sridhar ordered a preliminary investigation by the Mandal Parishad Development Officer (MPDO) of Madanapalle. The inquiry confirmed the charges, leading to Naidu's immediate suspension on Wednesday. The MPDO has been asked to submit a detailed report to the District Social Welfare Officer. Meanwhile, the Assistant Social Welfare Officer has been instructed to formally record the suspension in Naidu's service register. The suspended employee has also been barred from leaving the village without prior permission.
Business Standard
12-05-2025
- Business
- Business Standard
Volumes soar at C.E. Info Systems Ltd counter
C.E. Info Systems Ltd recorded volume of 6.21 lakh shares by 14:14 IST on NSE, a 8.06 times surge over two-week average daily volume of 77005 shares The Ramco Cements Ltd, Triveni Turbine Ltd, Cera Sanitaryware Ltd, HFCL Ltd are among the other stocks to see a surge in volumes on NSE today, 12 May 2025. C.E. Info Systems Ltd recorded volume of 6.21 lakh shares by 14:14 IST on NSE, a 8.06 times surge over two-week average daily volume of 77005 shares. The stock gained 10.39% to Rs.2,029.30. Volumes stood at 56465 shares in the last session. The Ramco Cements Ltd registered volume of 36.36 lakh shares by 14:14 IST on NSE, a 7.63 fold spurt over two-week average daily volume of 4.76 lakh shares. The stock rose 1.12% to Rs.950.00. Volumes stood at 1.65 lakh shares in the last session. Triveni Turbine Ltd witnessed volume of 85.56 lakh shares by 14:14 IST on NSE, a 7.52 times surge over two-week average daily volume of 11.37 lakh shares. The stock increased 10.35% to Rs.569.00. Volumes stood at 7 lakh shares in the last session. Cera Sanitaryware Ltd notched up volume of 4.28 lakh shares by 14:14 IST on NSE, a 6.61 fold spurt over two-week average daily volume of 64709 shares. The stock rose 11.59% to Rs.6,508.00. Volumes stood at 2.49 lakh shares in the last session. HFCL Ltd witnessed volume of 368.47 lakh shares by 14:14 IST on NSE, a 3.91 times surge over two-week average daily volume of 94.16 lakh shares. The stock increased 9.86% to Rs.81.45. Volumes stood at 158.85 lakh shares in the last session.
Time of India
12-05-2025
- Business
- Time of India
Fintech AMCs seize a bridgehead in asset management market
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New generation fintech asset management companies (AMCs) have grown their assets under management (AUM) in the last one year swimming against the tide in a sector dominated by banks and traditional wealth management the broader slowdown in the mutual fund industry did take out the wind from the sails in the last quarter for the likes of Groww Mutual Fund Zerodha Fund House and Navi Mutual Fund , these fintechs grew between 10 to 50% every MF doubled its AUM in the last one year closing March 2025 with Rs 1,547 crore in AUM. While it reported a flat growth in the March quarter, between September and December quarters its AUM grew 46%, data Zerodha grew its assets base almost nine times between March 2024 and 2025, reaching Rs 4,854 crore. Between September and December quarters, it grew at 46% and over the next quarter it grew only 26%.For Navi MF, AUM grew at 1.7% between December and March from almost 6% between October and December. Navi MF is at Rs 7,120 crore up 44% from just shy of Rs 5,000 crore a year to Association of Mutual Funds of India (AMFI) data, equity inflow into mutual funds in March stood at Rs 25,082 crore, an 11-month low. Between March 2024 and 2026, the overall assets in the mutual fund industry jumped 21.2% to Rs 66 lakh crore from around Rs 55 lakh crore.'Since the time of our launch in Dec 2023, we have seen strong AUM growth hitting Rs.6,500 crore across 7 lakh investors," said Vishal Jain, chief executive officer, Zerodha Fund HouseOther than Zerodha Fund House, which got a fresh licence, both Navi and Groww entered this space by acquiring two existing mutual fund companies. Navi acquired Essel Mutual Fund in February 2021, while Groww closed the acquisition of IndiaBulls AMC in May 2023. Recently Angel One and CapitalMind also bagged licences to start the mutual fund Amfi report from February this year said by 2047 India will have around 200 AMCs with AUM set to cross Rs 350 lakh crore. For fintechs, which were mostly focusing on stock broking and mutual fund distribution, the entry into the AMC business is an attempt to grab a share of this expanding wealth pie.'Investors look for trust and that gets built by large AUMs or strong distribution. Fintechs will need to build that trust which will take time, or they will have to innovate on distribution and products,' said Manish Kothari, cofounder, ZFunds, a mutual fund distribution players like Groww, Zerodha and Angel One, leaders in the stock broking sector, the AMC licence is the trump card for diversification in the financial services business that can bring in more stability to their overall revenues. And going by the overall slowdown in the equity markets, their stock broking businesses have also seen a certain degree of stagnation in their active user count reported by reported 12.9 million active users as of March end, compared to 12.5 million in October 2024, reflecting the churn and the slow addition of new investors. Zerodha's 8 million active traders in March end has also remained somewhat stable compared to 7.8million in October 2024.'There has been a slowdown in the overall market, which is reflected in the larger mutual funds industry as well, so for these fintechs, a lot is riding on their newly formed AMC business for stability and future business growth,' said another founder of a mutual fund distribution startup on the condition of the AMC business is a long-term game plan for these startups, industry insiders agree that creating a dent in this market would depend on instance, Bajaj Finserv , which got the AMC licence in 2023, has created an AUM of Rs 20,133 crore in March 2025 from Rs 8,800 crore in March 2024.'Groww is trying to build an offline presence of their mutual fund business. They have set up offices in certain cities already and the plan is to set up more,' said the founder quoted above. Despite being a tech-first stock broker for the AMC business, the Peak XV Partners-backed startup is opening up offline distribution did not respond to queries.'There are 44 AMCs and everyone has a Nifty product, a flexicap fund, a large cap fund, so these startups will need to differentiate from the traditional players with very innovative products, retail investors still use AUM size as a major filter to choose from,' Kothari of ZFunds broking, where customers are using the platform only through a transactional relationship, in case of the engagement with the AMC business, it is a long term trust based investment play.
Hans India
05-05-2025
- General
- Hans India
Bhumi puja performed for revival of Venkateswara Swamy temple
Banaganapalle: The historic Sri Venkateswara Swamy Temple located in Kondapeta at Banaganapalle town is all set for a grand revival, with the foundation stone for its reconstruction laid on Sunday in a solemn and spiritual ceremony. Roads and Buildings Minister BC Janardhan Reddy and his wife, BC Indira Reddy, participated in the auspicious Bhoomi Puja performed as per Vedic traditions, amid chants by scholars and priests. Speaking on the occasion, Minister Janardhan Reddy emphasized that the construction and rejuvenation of temples strengthen spiritual and devotional fervor in society. He announced that the temple's reconstruction project, estimated at Rs.6 crore, is now formally underway. Previously, under the aegis of the Sri Vani Trust, approximately Rs.27.50 lakh had been collected from donors, with matching grants intended to support the initial reconstruction plan worth Rs.1.85 crore. Though there were plans to rebuild the sanctum sanctorum and the inner hall, the project stalled due to a lack of funds and other delays. To ensure the completion of this noble cause, transcending political affiliations, fresh efforts were initiated to revive the temple reconstruction. The Minister stated that with the cooperation of Endowments Minister Anam Ramanarayana Reddy, additional funding was secured. Under this initiative, in the first phase, Rs.3.10 crore was sanctioned by the Endowments Department for works including the main entrance hall, a three-storey Rajagopuram (temple tower), and granite flooring — of which Rs 31 lakh has already been allocated. In the second phase, another Rs.3.10 crore was approved administratively for the construction of the compound wall, with an additional Rs.31 lakh matching grant contributed personally by Minister Janardhan Reddy, bringing his total contribution through matching grants to Rs 62 lakh. Furthermore, BC Indira Reddy generously donated six cents of land, valued at Rs.50 lakh, for the temple's reconstruction, which she purchased using her personal funds. The Minister assured that the reconstruction works will be expedited to ensure that devotees in Banaganapalle town can soon have the divine opportunity of Sri Venkateswara Swamy's darshan. The event was held in the presence of temple committee members, Endowments Department officials, and a large gathering of local residents, marking a significant milestone in the town's spiritual and cultural heritage.
