Digital Loan Application
You can apply for a self-employed Personal Loan via our app easily and conveniently.
Personal Loan for Self Employed
Loan up to Rs. 5 Lakhs
Minimum Salary Required Rs.15K
Tenure up to 36 Months
Personal Loan For Self Employed EMI Calculator
Get Personal Loan for Self-Employed Up to 5 Lakh
A Personal Loan for self-employed individuals is the best finance to grow business, consolidate debts, or meet working capital needs. If you're a new or established business, you will be eligible for self-employed personal loan at Hero FinCorp if you possess minimum two years experience. You can avail of a self-employed instant Personal Loan between Rs 50,000 to Rs 5 Lakh for your personal or business expenses. The approval of the loan will be done in just 10 minutes, and you can avail this loan on 15,000 salary. The best part is that it's an unsecured loan; you can avail of this loan without collateral and without guarantor. Repay the loan in flexible tenure of 12 - 36 months without disturbing your monthly budget.
Features and Benefits of Personal Loan for Self-employed
If you are a business entrepreneur looking for a Personal Loan, then you can apply easily through Hero FinCorp's instant loan app for self-employed individuals.
Quick Verification
Our KYC verification that is done in real-time ensures fast approval and disbursal of your loan.
Small Cash Loans
Our loan apps for self-employed offer up to Rs 5 Lakh loans with minimal documentation.
No Collateral
Hero FinCorp is one of the best loan apps for self-employed; we provide loans and do not require collateral.
Attractive Interest Rates
When you apply for a self-employed Personal Loan online, you get a loan at a competitive rate.
Instant Disbursal
Once approved, the loans get credited electronically to your bank account directly using the loan app.
Automated Repayment
Our auto-debit feature allows you to repay your loan and EMI payments on time, simply as possible.
Eligibility Criteria for Personal Loan for Self-employed
When it comes to Personal Loan, Hero FinCorp is considered one of the best websites and loan apps for self-employed individuals. Here are the personal loan eligibility criteria:
Age Criteria
The applicant should be between 21-58 years
Citizenship
The applicant should be a citizen of India
Work Experience
At least two years of business experience
Minimum Income
Applicant should have a monthly income of Rs 15,000
Documents Required for Personal Loan for Self-employed
Here are the documents required for personal loan applications for self-employed individuals through our website and loan app, ensuring a smooth and quick application process.
Mandatory Documents
Filled loan application form, passport-sized photograph
Identity Proof
Driving Licence, Passport, PAN (mandatory), Aadhaar
Residence Proof
Driving Licence, Passport, Aadhaar, Ration Card, Utility Bill
Office Address Proof
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Income Proof
6 months’ bank statement, 2 years’ ITR
Business Existence Proof
Tax Registration, Shop Establishment, Company Registration Certificate
Interest Rate and Charges for Personal Loan for Self-employed
When considering a Personal Loan for self-employed individuals, it's crucial to understand the personal loan interest rate and charges involved. Here's a concise overview of what you need to know:
How to Apply for a Personal Loan for Self Employed?
Starting a new venture or upgrading an existing business requires financial support. Personal Loans for the self-employed are easy to procure and can be quickly applied online:
- 01
Visit the Hero FinCorp website or install the personal loan app
- 02
Go to the Personal Loan page and click ‘Apply Now’
- 03
Enter your mobile number and verify with the OTP received
- 04
Choose the loan amount you need
- 05
Verify your KYC details to check income eligibility
- 06
Click ‘Submit’ to complete your application
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