We document loan characteristics and financial decision making by women for loans given under the “Her Ghar” housing loan scheme by State Bank of India. Loans given to women under the scheme had a lower interest rate relative to loans given to men – however, this effect lasted less than one year. Female loans had a higher loan to value ratio, an effect which continued for a few years. From the bank’s point of view, the most prominent advantage was that loans given to women had lower default risk - both in the short and long term. Consistent with both rational and behavioral financial decision-making theories, the likelihood of a female loan increased both in the perceived and actual financial benefit that a borrower can receive. Using the loan moratorium by RBI during Covid as an experiment, we show that female loans follow a more optimal repayment policy relative to males. Precautionary savings explain part of the male-female gap in optimal repayment. Our results suggest that the “Her Ghar” Scheme increased decision-making power for women in household financial decisions and that females are more financially literate relative to males.