Flexible Purpose
- Expanding their business
- Purchasing equipment or inventory
- Covering operational expenses
- Investing in professional development
- Managing personal financial obligations
Details of Self-Employed Loan
A Self-Employed Loan is a financial product tailored specifically for individuals who run their own businesses, freelancers, or professionals such as doctors, architects, and consultants. These loans are designed to provide flexible funding to meet personal or business-related financial needs.
Competitive Interest Rates
Rates are based on the borrower's financial profile, type of loan (secured/unsecured), and the lender’s terms.
We offer competitive intrest rates at par to the industry.
Required Documents
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID.
- Address Proof: Utility bills, rent agreements, or any government-issued ID with an address.
- Income Proof: Recent bank statements (6-12 months),ITR (Income Tax Returns) for the last 2-3 years.
- Business Proof: Registration certificate, GST registration, or trade license,Professional certification for individuals like doctors, architects, or lawyers.
- Other Documents: Passport-size photographs,Collateral documents (if applying for a secured loan)
Benefits of Self-Employed Loans
- No Collateral Required (for unsecured loans): Ideal for self-employed individuals who do not want to pledge assets.
- Quick Processing: Minimal documentation and streamlined processes ensure faster approval.
- Customizable Loan Options: Loans can be tailored to match the borrower’s needs, whether for personal or business purposes.
- Improved Cash Flow: Enables self-employed professionals to manage short-term financial gaps efficiently.
- Builds Credit Score: Regular repayments can improve the borrower’s credit profile, facilitating future loan approvals.