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Non-salaried individuals can get a personal loan by providing proof of income through ITR filings, bank statements, business records, and other financial documents. Lenders also evaluate your credit profile and repayment capacity to determine eligibility.
Last updated on: Sep 12, 2026
Getting a personal loan without a fixed salary can be challenging, but being non-salaried does not necessarily mean you do not have a stable source of income. Freelancers, self-employed professionals, business owners, consultants, traders, and gig workers may qualify for a personal loan by meeting the lender's eligibility criteria and providing financial documents such as bank statements, ITRs, or business records.
On Bajaj Markets, you can compare personal loan options from multiple lenders with interest rates starting from 10% p.a., loan amounts of up to ₹55 Lakhs, and flexible repayment tenures of up to 108 months, helping you choose an option that suits your financial needs.
| Available Offerings | Max. Loan Amount | Min. Interest Rate | Max. Repayment Tenure | Processing Fee |
|---|---|---|---|---|
₹10 Lakhs |
12% p.a. |
60 months |
Up to 5.1% + GST |
|
₹5 Lakhs |
14% p.a. |
60 months |
2% to 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
|
₹10 Lakhs |
14.5% p.a. |
60 months |
2% to 4% of the loan amount |
|
₹2 Lakhs |
18.96% p.a. |
24 months |
₹50 to ₹200 + 18% GST (maximum APR of 48%) |
|
₹15 Lakhs |
12% p.a. |
48 months |
Up to 3% of the loan amount + GST |
|
₹10 Lakhs |
13.99% p.a. |
60 months |
2% to 5% of the sanctioned amount |
|
₹5 Lakhs |
14% p.a. |
36 months |
Up to 2% of the loan amount |
|
₹55 Lakhs |
10% p.a. |
108 months |
Up to 3.93% of the loan amount (Inclusive of applicable taxes) |
|
₹25 Lakhs |
12% p.a. |
60 months |
0% to 6% of the loan amount |
|
₹40 Lakhs |
10.99% p.a. |
72 months |
1.10% - 1.50% of the loan amount + GST |
|
₹1 Lakh |
18% p.a. |
12 months |
2% to 12% of the loan amount |
|
₹10 Lakhs |
15.95% p.a. |
60 months |
Up to 3% of the loan amount |
|
₹10 Lakhs |
1.33% p.m. |
60 months |
Starts from 2% of the approved loan amount |
|
₹5 Lakhs |
12.75% p.a. |
48 months |
2% to 3% of the loan amount + 18% GST |
|
₹4 Lakhs |
14% p.a. |
24 months |
3% to 5% of the loan amount |
|
₹5 Lakhs |
12% p.a. |
36 months |
1% onwards |
|
₹6 Lakhs |
17.25% p.a. |
60 months |
1.50% to 4.50% of the loan amount |
|
₹5 Lakhs |
18% p.a. |
12 months |
2% to 6% of the loan amount |
|
₹5 Lakhs |
16% p.a. |
36 months |
3% |
|
₹1.5 Lakhs |
6% p.m. |
90 days |
3%-10% |
|
₹5 Lakhs |
17.99% p.a. |
48 months |
3%-5% |
|
₹5 Lakhs |
16% p.a. |
36 months |
Up to 5% of the loan amount plus applicable taxes |
|
₹5 Lakhs |
23% p.a. |
36 months |
2.5% to 4% of the loan amount |
|
₹2 Lakhs |
16% p.a. |
36 months |
3.50% |
|
₹5 Lakhs |
18% p.a. |
48 months |
2% – 6% |
*Disclaimer: The mentioned details are subject to change at the lender’s discretion.
Non-salaried individuals can apply for personal loans by meeting specific requirements set by banks and NBFCs.
Here's how to get personal loan for a non-salaried person:
Lenders require evidence of consistent income to assess repayment capacity. Non-salaried individuals can provide bank statements, Income Tax Returns (ITRs), or business financials as proof.
A strong credit score of 750 or above increases the likelihood of loan approval. It also helps in securing competitive interest rates and favourable terms.
Applicants must submit identity proof, address proof, and income-related documents. Lenders may request additional paperwork based on their specific policies.
Bajaj Markets, a financial marketplace, allows you to compare lenders offering loans for non-salaried individuals. You can evaluate interest rates, tenures, and loan amounts to choose the most suitable option for a personal loan online for a non-salaried individual.
To qualify for a personal loan as a non-salaried individual, you typically need to meet the following eligibility requirements:
| Parameter | Requirement |
|---|---|
Citizenship |
Must be an Indian citizen |
Employment Status |
Self-employed or earning through a consistent source of income |
Age |
18 years or above |
Monthly Income |
Minimum ₹10,000 |
Work Experience / Business Vintage |
At least 1 year |
CIBIL Score |
600 or above |
Here are the documents you need to submit when applying for a personal loan for a non-salaried individual:
Identity Proof: Provide a PAN card, Aadhaar card, voter ID, passport, or driving licence
Address Proof: Acceptable documents include Aadhaar, voter ID, passport, driving licence, or recent utility bills like electricity or telephone bills
Income Proof: Submit bank statements from the past 3 months or any other evidence of consistent income
Photographs: Two recent passport-size photographs are required
Here are the application steps for a personal loan online for a non-salaried individual:
Begin by clicking on the ‘Apply For Loan’ option
Fill in your name, contact information, and other required details
Choose the loan amount and repayment tenure that best suits your financial needs
Complete the application by submitting the form for lender verification
The personal loan amount available to a non-salaried individual depends on factors such as your income, repayment capacity, credit profile, business stability, and the lender's eligibility criteria. Lenders may assess documents such as bank statements, ITRs, GST filings, profit and loss statements, or other financial records to determine the loan amount you can qualify for.
On Bajaj Markets, eligible applicants can access personal loans of up to ₹55 Lakhs from various lenders. The actual sanctioned amount may vary based on your individual financial profile and the lender's assessment.
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Yes, you can get a personal loan for a non-salaried individual if you have a steady income from self-employment or other sources. Lenders may ask for documents like bank statements and income tax returns to verify your income.
The maximum loan amount depends on the lender and your income profile. On Bajaj Markets, you may be eligible for an instant personal loan for a non-salaried individual of up to ₹55 Lakhs.
As a non-salaried individual, you can use a personal loan for various purposes such as medical emergencies, travel, home renovation, or debt consolidation.
Yes. If you are self-employed or have a regular source of income other than a salary, lenders may accept alternative income proof such as bank statements, ITRs, GST returns, or business financial documents instead of salary slips.
The required documents may vary by lender but generally include identity and address proof, bank statements, income tax returns, and other financial documents that demonstrate your income and repayment capacity.
Yes. Self-employed professionals, business owners, consultants, and freelancers can apply for personal loans, provided they meet the lender's eligibility requirements and submit the necessary income and business-related documents.
Not always. While many lenders may request ITRs to assess your income, some may also consider alternative documents such as bank statements, GST filings, or other financial records, depending on their eligibility criteria.
Interest rates for non-salaried applicants vary across lenders and are determined based on factors such as income, credit score, repayment capacity, and overall eligibility. On Bajaj Markets, personal loan interest rates start from 10% p.a.
Several banks, NBFCs, and financial institutions offer personal loans to eligible non-salaried individuals, including self-employed professionals, business owners, and freelancers. You can compare loan options from multiple lenders on Bajaj Markets to find a suitable option based on your requirements.
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