Features & benefits of personal loan for self-employed

Get personal loans from Rs. 5,000 to Rs. 10,00,000

Get personal loans from Rs. 5,000 to Rs. 10,00,000 and accommodate all your expenses without worrying about the cost.

Flexible tenure

At Housing.com, you get an extended tenure of 3 to 42 months. You can choose the tenure period you are convenient with to repay your loan.

No collateral is required

Unlike other loans, our personal loan is unsecured and doesn’t require you to submit collaterals like property, gold, etc. You just need to submit some documents to get your loan approved.

Get loan approval in minutes

One of the best things about online personal loan applications is that you can get your loan approved in under 3 minutes. Once the loan is approved, your loan amount will be disbursed to your bank account within 24 hours.

Entirely digital process

Transparency is an important aspect of personal loans. Our entirely digital process keeps you updated on the status of your application. You also don’t need to travel between your place and the bank to apply for the loan.

Attractive interest rates

With interest rates as low as 12%, you can save money when you are repaying the loan.

Note: Your interest rate depends on your credit score and other factors. So, maintain a high credit score for lower interest rates.

Eligibility criteria

Understanding whether you fit the eligibility criteria before applying for a personal loan can help you avoid unnecessary hassle and loan rejections. Read the table below to understand the minimum eligibility for the self-employed category.

Particulars	Eligibility
Age limit	21 to 60 years
Minimum monthly income	Minimum Rs. 15,000/- per month
Credit score	Minimum 700
Nationality	Indian

Note:

You should also meet your minimum income requirement as per your city of residence.

Documents required for self-employed

Self-employed applicants are those who run their own businesses. If you come under this category, you must have the documents below to apply for a personal loan.

Proof	Document required (any one in each category)
Photo Identity Proof	1. Aadhar Card 2. Passport 3. Voter’s ID 4. PAN Card 5. Driving License
Address Proof	1. Passport 2. Aadhar Card 3. Ration Card 4. Utility Bill(electricity, telephone, gas, water, etc.) - the bill should be within 2 months 5. Driving License
Residence Ownership Proof	1. Property documents 2. Electricity bill 3. Maintenance bill
Office Address & Ownership Proof	1. Property documents 2. Electricity bill 3. Maintenance bill
Business Existence Proof	1. Company registration license 2. Copy of GST registration 3. Shop establishment proof
Income proof	1. Income tax returns of the last 2 years along with computation of income duly attested by a Chartered Accountant 2. Audited balance sheet, profit & loss accounts, with tax audit report (if applicable) 3. Bank statement of current/savings account (or) bank passbook for the past one year
Photograph	Colored passport-size photo
Proof of investment (if any)	1. Fixed assets 2. Fixed deposit 3. Shares, etc.
Proof of existing loans (if any)	Payment track record & sanction letter
Professional degree certificate	In the case of professionals

Personal Loan For Self-employed Loan