Digital Loan Application
You can apply for a self-employed Personal Loan online through our app.
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
The Personal Loan for self-employed is an ideal funding option to expand business, repay debts, or cover working capital needs. Whether you are a start-up or a well-established firm, you can qualify for a self-employed Personal Loan at Hero FinCorp if you have a minimum experience of two years.
You can borrow an instant Personal Loan for self-employed from Rs 50,000 to Rs 5 Lakh to cover your personal or business expenses. The best thing is that these loans are collateral-free, which you can borrow without any security or guarantor. Repay the loan in a flexible term of 12 to 36 months without straining your monthly budget.
Features and Benefits of Personal Loan for Self-employed
If you are a businessperson looking for a Personal Loan, you can apply online through Hero FinCorp’s instant loan app for self-employed individuals.
Quick Verification
Our real-time KYC verification process ensures fast approval and disbursal.
Small Cash Loans
Our loan apps for self-employed offer up to Rs 5 Lakh with minimal documentation.
No Collateral
Hero FinCorp is one of the best loan apps for self-employed, offering collateral-free loans.
Attractive Interest Rates
You get loans at competitive rates when you apply for self-employed Personal Loan online.
Instant Disbursal
Once approved, the loans are directly credited to your bank account via the loan app.
Automated Repayment
Our auto-debit facility ensures timely EMI payments, simplifying your loan repayment process.
Eligibility Criteria for Personal Loan for Self-employed
When it comes to Personal Loan, Hero FinCorp is considered one of the best loan apps for self-employed Individuals. Here are the eligibility requirements.
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 to apply for a Personal Loan for self-employed individuals through our 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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