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Personal Loan for Self Employed

About Personal Loan for Self Employed

For information on Personal loans for self-employed call LoanzBazar

A personal loan for self-employed is the type of loan a self-employed business owner takes for their personal financial requirement. You can take as high as Rs 50 lakhs from loan providers with a long repayment tenure.

These types of loans can be taken by people who have their own companies or any type of business venture. The repayment period can vary between 12 to 60 months and the loan can be approved within a few days.

At LoanzBazare help, you get personal loans for your business, emergency, clearing older debts, your child's education or any personal issues.

Loan Amount



Rate of interest



Loan Tenure

6 Months

72 Months

Calculated EMI*

Apply for an instant personal loan for self-employed

You can get a personal loan for self-employed people within 24 hours with LoanzBazar’s loan services as soon as your documents are approved.

Check Loan Eligibility at loanbazar

Compare Offers Here


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Services you can get only at LoanzBazar

Loanzbazar is one of the most efficient loan providers in India. Here are some of the benefits of applying for Personal Loan for Self Employed from Loanzbazar:


Loan approval within 24 hours

LoanzBazar guarantees loan approval within 24 hours after screening the required documents and your application for your loan.


Convenient EMI repayment

With the fastest and most convenient loan approvals, LoanzBazar always offers options for repayment in EMIs. You get to pay any way you want after 6 months of the loan transfer.


No hassle large loans approval

At LoanzBazar you can take a loan from anywhere between Rs 50,000 to Rs 10,00,000 for your personal use.


Easy repayment

You can repay your loan amount with interest within 12 to 60 months by opting for LoanzBazar’s services.


Loan approvals with little to no paperwork

When you are opting to take a personal loan with LoanzBazar you won’t be worrying about documents. As you don’t have to take care of documentation because we will do it for you. .


No transaction fees and secured processes

The loan process at LoanzBazar is completely transparent. You do not need to pay any processing fee or other charges while applying for a personal loan for self-employed people.

Documents to Apply for a Personal Loan

When applying for a personal loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • Business proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar Personal Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What costs you can clear with personal loans for self-employed?

You can use the loan that you take using LoanzBazar’s services to clear other debts, pay your child’s education fees, pay medical bills, repair bills, renovation bills and life insurance etc.

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Personal Loan for Self Employed

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…


Via Website


Via Our App


Via WhatsApp


Via Call

Compare Personal Loan Rate of Interest in Mumbai, Pune, Thane, Navi Mumbai, Delhi, Bangalore

The rate of interest for personal loans for self-employed people is the lowest in IDBI Bank which is between 9.50% p.a. to 14.00% p.a for loan amounts between Rs.25,000 to Rs.5 lakh with repayment tenure of 1-5 years. While Bajaj Finserv’s interest rates are the highest at 13%.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%


No, they are for business owners for their personal use. There are other different services available at LoanzBazar for salaried people too. Check them out and decide which suits you better.

No, you do not have to show any collateral papers. The documentation involved in applying for this loan is the least. To know more read about loan services at LoanzBazar.

Check the details of each loan service offered by LoanzBazar and get to know more about how and which loan service you can apply for.

You have to be a 21-year-old Indian professional running a business for more than 2 years, have a certain fixed minimum credit score and your annual income should also be above a fixed minimum number

You will have to pay the EMI for the missed month along with a late fee. In some cases, your credit score will decrease if you miss your EMIs.