Loan for Self Employed

Personal Loan for Self Employed

Personal Loan For Self-Employed

Loan Disbursal in Minutes & 100% Paperless Process

Are you self-employed? Do you need an instant personal loan? Then you’ve come to the right place.

Instant Personal Loan from Moneyview for Self-Employed Individuals

Priya had a tailor shop and wanted to open an apparel showroom. She knew this dream of hers could not be fulfilled without funds. Finding out about personal loans from Moneyview changed her dreams into reality!

If you too are self-employed and loan options are limited for you, take a look at personal loans from Moneyview. Check your eligibility, submit the necessary documents, and get loan approvals for up to Rs.10 Lakh. 

Need Urgent Funds?

Collateral Free Personal Loans up to ₹10 Lakh

Personal Loan

Features and Benefits of Personal Loans for Self-Employed

Loan Amount

Flexible Loan Sum

Borrow from ₹5,000 to ₹10 Lakh maximum

topFeatures

Unsecured Loans

Applying for a personal loan through Moneyview doesn't require a guarantor or collateral

Quick Processing

Quick Processing

After approval, the loan amount is transferred to your bank account within a day

Interest rates

Competitive Interest Rates

Take advantage of interest rates starting from just 14% p.a.

Eligibility Criteria for Instant Personal Loan for Self-Employed

If you are self-employed, you need to fulfill the eligibility criteria given below to get a personal loan through the Moneyview digital lending app -

  • You must have a minimum monthly income of Rs.25,000

  • Income must be credited directly to your bank account

  • You must have a minimum CIBIL score of 650

  • You must be between the ages of 21 and 57

Documents Required for Instant Personal Loan for Self-Employed

The documentation process for getting an instant personal loan from Moneyview is very simple. All you have to do is - 

  • Confirm or enter your PAN number 

  • Ensure that your mobile number is linked to your Aadhaar card for KYC verification

  • Provide a clear selfie taken in a well-lit area 

Please note that the documentation requirements will vary based on your profile. You may be required to upload proof of address, bank statement, and other supporting documents. 

In case you are required to upload proof of address, any one of the following documents will suffice - 

  • Aadhaar Card

  • Valid Indian Passport

  • Valid Voter ID

  • Valid Driver’s License

  • Utility Bills (Electricity, Water, Gas) dated within the last 60 days 

If you are required to upload proof of income, you must furnish your bank statement for the last three months. This statement must show your income being credited.

Fees and Charges for Personal Loans for Self-Employed

Moneyview's partner lenders provide instant loans for self-employed borrowers at competitive rates. Take a look at the table below to know more -

Fees & Charges Amount Chargeable

Interest Rate

Starting from 14% per annum

Loan Processing Charges

Starting from 2% of the approved loan amount

Penal Charges on Overdue EMI

24% per annum plus applicable taxes, if any

NACH Bounce

Rs.500/- each time

Loan Cancellation

If you wish to exit the loan after it has been sanctioned, you can do so within 3 days of loan disbursement. 

Personal Loan Based on Your Budget

Use Cases of Personal Loan

Personal Loan in Your City

Conclusion

Self-employed individuals may sometimes need help getting a loan due to the uncertain nature of their income. However, through Moneyview, you can get instant loans that can be used for various purposes. As long as you fulfill the eligibility criteria of our partner lenders, you can easily get a personal loan from Moneyview by visiting the website or downloading the app and applying.

Self-Employed Personal Loan - Related FAQs

If you are self-employed and want to apply for a personal loan from Moneyview, you can check your eligibility easily. Once you fill in your details on the Moneyview app or website, you can know about your eligibility in just 2 minutes.
Financial documents like your bank statement, that show a stable income can help self-employed individuals to get personal loans easily.
At Moneyview, the age limit for getting personal loan approval for a self-employed candidate is 57 years.
Yes, you can avail of a personal loan from us even if you have a low credit score thanks to our partner lenders' in-house credit rating model. However, you must have a CIBIL score of over 650.
No, our lending partners do not allow part-prepayment on personal loans. However, you can foreclose your loan after a certain number of EMIs.

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