Top Features and Benefits of Personal Loan for Self Employed

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Flexible Loan Amount

Choose any loan amount starting from Rs.5,000 up to Rs.10 Lakh

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Quick Eligibility Check

Complete your eligibility check from the moneyview website or app in just 2 minutes

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Collateral Free Loans

To apply for a personal loan through moneyview, you don’t have to pledge any asset or arrange for a guarantor

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Affordable Interest Rates

At moneyview, the interest rate starts at just 1.33% per month

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Completely Paperless

The entire process from application to disbursal is paperless, online, and hassle-free

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Flexible Repayment Term

Borrowers can choose repayment tenure starting 3 months up to 60 months

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Loans on Low Credit Scores

You can get a loan from moneyview with a CIBIL or Experian score of just 650

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Disbursal in Minutes

Once you have submitted the loan agreement, the amount will be credited to your bank account within 24 hours in most cases

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

moneyview Instant Personal Loan for Self-Employed

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 moneyview personal loans changed her dreams into reality!

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

Eligibility Criteria for Instant Personal Loan for Self-Employed

Fulfill the eligibility criteria given below and get a personal loan for self-employed -

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 - 

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 - 

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 provides 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 1.33% per month

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. The principal amount and other applicable charges, however, will have to be paid.

Personal Loan Based on Your Budget

Use Cases of Personal Loan

Personal Loan in Your City

How to Apply for An Instant Personal Loan

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Check Eligibility

Check your eligibility on the moneyview website or loan app in just 2 minutes

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Select Loan Tenure

Select the appropriate loan amount and payment term based on your eligibility and requirements, from the options provided

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Upload Documents

Upload all the relevant documents such as ID, address, income proof, etc., and complete your KYC verification online

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Amount Disbursed

Get the loan amount transferred to your account within 24 hours of successfully submitting the loan agreement

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Conclusion

Self-employed individuals may sometimes need help getting a loan due to the uncertain nature of their income. However, at moneyview you can get instant loans that can be used for various purposes. As long as you fulfill the eligibility criteria, you can easily get a personal loan for self-employed 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 in-house credit rating model. However, you must have a CIBIL or Experian score of over 650.

No, we do not allow part-prepayment on personal loans. However, you can foreclose your loan after a certain number of EMIs.

Currently, we only provide loans to those individuals who get their salary directly credited to their bank account from their employer. We will not be able to give loans to applicants who get their salaries in cash.

A personal loan application can be canceled only before the submission of the Loan Agreement Form. Once the loan has been sanctioned, you can cancel it within 3 days of disbursal. The principal amount and other applicable charges, however, will have to be paid.

Our app has been designed to ensure a smooth experience. However, if the app does crash during the application process, please do not worry as you will be able to restart the process from the same step again.

At moneyview, we use a unique credit rating model that takes multiple factors into account. This is why even if your credit score is low, you can still get a personal loan from us. However, applicants must have a minimum CIBIL or Experian score of 650.

You can avail of an instant personal loan from moneyview without your salary slip and ITR but you will need to furnish your bank statement that contains details of your income.

No, applicants do not have to provide security, collateral, or guarantors as moneyview personal loans are unsecured loans.

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