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.
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.
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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:
LoanzBazar guarantees loan approval within 24 hours after screening the required documents and your application for your loan.
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.
At LoanzBazar you can take a loan from anywhere between Rs 50,000 to Rs 10,00,000 for your personal use.
You can repay your loan amount with interest within 12 to 60 months by opting for LoanzBazar’s services.
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. .
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.
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.
Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…
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.
