A personal loan is a loan that can be availed by individuals and does not have an end-use specifically associated with it. In other words, the amount you borrow through a personal loan can be used for any purpose, including buying a property, a car, to pay medical bills or to fund your business or any other purpose.
In fact, if you are a self-employed individual, a personal loan can be immensely helpful for you. Let us take a look at some details.
Typically, while processing a regular personal loan, a lending institution could ask for salary slips as a proof of income for approving and disbursing a loan. Lending institutions ask for this information to ascertain the repayment capacity of the borrower.
This requirement can become a hurdle for self-employed individuals, who might not always be in a position to furnish proof of income. That is because being self-employed also involves irregular cash flow. In such a situation, a personal loan for self-employed can come to their rescue, as it does not require producing income proof in the form of a past salary slips. If you have been looking for personal loans for self-employed with no proof of income, then this loan is a solution for you.
Moreover, as a personal loan is a collateral free loan, meaning that you do not need to produce a security in order to take the loan, it can be an ideal choice for self-employed individuals who might not be in a position to produce a collateral for the loan.
When you apply for a Bajaj Finserv personal loan for self-employed available at Finserv MARKETS, you can get a personal loan of up to Rs 30 lakhs. Moreover, if you are an existing Bajaj Finserv customer, you are also eligible for special pre-approved loan offers, including getting the loan disbursed within 24 hours. Borrowers can also use the customer portal Experia to manage the loan and keep a track of the repayments.
In order to be eligible to avail a Bajaj Finserv Personal Loan for Self-Employed, you need to fulfil the following criteria:
In order to avail the Bajaj Finance personal loan for self-employed, you need to following documentation:
You can now apply for a personal loan for self-employed online at your convenience. You only need to fill the required details in the business loan online application form. Once you submit your application, a representative from Bajaj Finserv will get in touch with you to take the process ahead.
You can use personal loan for self-employed to meet any financial requirements at your end, including expansion of business by purchasing office space, plant and machinery, or to consolidate your existing loans in a single place. The amount can also be used to meet personal requirements like home renovation, meeting wedding expenses, among others. The loan application process is pretty quick and requires minimal documentation with complete transparency.
I apply for a personal loan with the Finserv MARKETS app. The loan process was quite convenient and the app had a user friendly interface. I would definitely recommend anyone looking for personal loans for self employed to avail a loan with them.
Posted on 14 Dec 19
I was eligible for personal loans for self employed so I got easy access to the loan. The loan eligibility for personal loan is quite simple. I applied for it through the Finserv MARKETS app which made it quite convenient for me to get done with the application process as well.
Posted on 23 Jan 20
I was on the search for a personal loan online. I found the Finserv MARKETS app through which I applied for personal loans for self employed. I got access to the loan with ease and I was very much impressed with their flexible repayment tenure for loan. Overall I am satisfied with the services.
Posted on 16 Feb 20
I was in dire need of immediate cash to take care of my daughter’s wedding expenses. That’s when a friend of mine suggested me to avail personal loan for self-employed at Finserv MARKETS. The personal loan eligibility was quite simple and I could easily get the loan amount within 24 hours. Thanks to Finserv MARKETS.
Posted on 25 Feb 20
Personal loan for self employed at Finserv MARKETS came to my rescue when I needed instant funds to manage my business's working capital needs. I got the loan instantly and I could also get an estimate of the EMI by using an online personal loan EMI calculator.
Posted on 02 Mar 20