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Self-Employed Loan
No Collateral Required
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Low Interest Rates
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Quick Disbursal
Why InvestKraft?
We are India’s fastest growing fintech company with all BFSI services on one platform.
Get a Self-employed Loan up to 50 Lakhs
What is a Self-Employed Loan?
A personal loan for self employed is for individuals running their own business, freelancing, or earning independently. This loan can help manage both personal and business-related expenses like education, travel, weddings, or working capital. At InvestKraft, you can apply for an Instant Loan for self employed with minimum documentation. It is quick, 100% digital, and made for your financial needs.
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Self Employed Loan EMI Calculator
Now, calculate easily the EMIs you need to pay for your self-employed loan, using the InvestKraft self-employed loan EMI calculator.
Features and Benefits of a Personal Loan For Self Employed From InvestKraft
We are here to cater to your financial needs, and with our personal loan for self employed, you can get many features and benefits, which are mentioned in the table below:
| Features | Benefit |
|---|---|
| 100% Online Process | Apply for a Personal Loan for Self-Employed anytime, anywhere via app or website. |
| Quick Approval | Faster approvals using our secure, paperless documentation. |
| Competitive Interest Rates | Enjoy low interest rates specifically for self-employed borrowers. |
| Higher Loan Amount | Get up to INR 50 lakhs based on your eligibility. |
| Flexible Tenure Options | Repayment as per your financial conditions. |
| Fast Disbursal | Get funds in your account quickly once approved. |
| Secure Document Upload | Your documents are encrypted and never shared with third parties. |
| No Branch Visits | The entire process - from application to disbursal - is 100% digital. |
100% Online Loan Application
We believe in adopting newer technology for unmatched ease and value to our users. You can easily upload the required documents through our app and your loan approval decision will be conveyed online. Our 3-KYC procedure is super easy to avail. This requires no compulsion to visit any branch or office.
Faster Verification
We adopt an e-KYC procedure for loan approval processes which means from initial loan application submission to final approval, everything will be done at a much faster speed than our competitors.
Reasonable Interest Rates
It is our constant endeavour to make money simple for our borrowers and this is why our loan interest rate will be extremely competitive as compared to our competitors. It gives you more confidence to choose a personal loan from us.
Higher loan amount
Though we have eligibility criteria in place for a personal loan for self-employed individuals, we take a lenient approach towards loan approval. This helps borrowers in getting a higher loan amount than what our competitors offer. Get an amount between 50,000 and 10 lakhs depending on your loan eligibility standards.
Extensive Security
When you upload your identity, income, and other crucial documents on your app, you can rest assured about their security as we don’t share your confidential information with third parties. This is something we take very seriously and ensure that confidential details of our customers remain safe & secure.
Flexible Repayment Terms
With InvestKraft’s loan for self-employed individuals, you can choose a repayment tenure of up to 60 months. This way, you can repay the borrowed amount in smaller EMIs which means a lesser burden on your pocket.
Faster Disbursal
From the initial loan application submission to the final loan amount disbursal, we follow a seamless loan procedure for faster loan processing. Once you prove your loan eligibility and submit the required docs, it won’t take more than 48 hours to get the loan amount right in your bank account.
Do not wait for it to happen. Just make it happen and apply for a self-employed loan from InvestKraft now.
Who Can Apply for a Self-Employed Loan?
The following can apply for a self-employed loan:
| Eligible Applicant | How They Can Use the Loan | Apply Link |
|---|---|---|
| Small Business Owners | Manage cash flow, stock inventory, or expand operations. | Apply Now |
| Doctors (Private Practice) | Upgrade clinic, hire staff, or meet working capital needs. | Apply Now |
| Consultants | Cover professional costs or fund certifications/upskilling. | Apply Now |
| Artists and Creatives | Invest in exhibitions, events, or essential equipment. | Apply Now |
| Independent Contractors | Finance project execution or tackle unexpected expenses. | Apply Now |
| Traders and Commission Agents | Make bulk purchases or bridge gaps between receivables and payments. | Apply Now |
Entrepreneurs running small shops, online businesses, or service ventures can take advantage of a Personal Loan for Self-Employed to manage cash flow, buy inventory, or expand operations.
Self-employed medical professionals can use personal loans to upgrade clinic equipment, hire staff, or manage working capital.
Professionals offering advisory services, like financial consultants, legal experts, or management advisors, can use personal loans to manage professional expenses or fund certifications and skill upgrades.
Painters, musicians, photographers, and other creative professionals can also use a Personal Loan for Self-Employed to fund exhibitions, events, or essential equipment purchases.
Contractors in construction, event management, or other project-based industries can also take advantage of Personal Loans for Self-Employed for project execution or to meet unexpected costs.
Individuals in trading, brokerage, or commission-based businesses can utilize loans for bulk purchases or bridging gaps between payments and receivables.
Best Personal Loan with Lowest EMI
We have a personal loan for all your occasions, needs and emergencies.
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Eligibility Criteria for a Self Employed Loan
Our personal loan for self-employed individuals seeks to benefit the applicant with minimal documentation and easy loan eligibility criteria. The eligibility criteria for self-employed tend to differ from one lender to another.
- You need to submit KYC documents that should include Identity and address proof (Aadhar card/Passport/Driving License)
- Financial documents may include 6months bank statements or recent bank transactions, individual profiles, photocopy and other important documents requested by the lender
- Must be a citizen of India of at least 21 -58 years of age
- Should possess a good credit score
Documents Required for a Self Employed Loan
The following are the documents required for a self employed loan:
| Document Type | Required Documents |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Voter ID, Passport, or Driving Licence |
| Address Proof | Utility bills (electricity/gas/water), Rent Agreement, Passport, or Aadhaar Card |
| Income Proof |
- ITR for last 2-3 years - Profit & Loss Account - CA-certified Balance Sheet |
| Business Proof |
- GST Registration - Shop & Establishment Certificate - Business Licence |
| Bank Statements | Last 6 months' bank statement of the main business account |
| Photograph | Recent passport-size photograph |
| Loan Application | Duly filled and signed loan application form |
Please note that these are the basic documents required. Depending on your financial background, your loan amount and your lender, there may be additional documents required.
How To Apply For a Self Employed Loan from InvestKraft?
Your dreams matter to You and Us. We strive to ensure our every user gets the required online Self-employed loan on priority.
Apply Self-employed Loan
1 Fill in Your Details
Start by filling out our easy application form with your basic information and click Submit. You can use our app to get a vehicle loan as well.
2 Upload Your Documents
Submit the required documents online, such as ID proof, income proof, and bank statements. These will be communicated to you once you provide your basic information.
3 Get the Funds
Once your documents are verified and the loan is approved, the required amount will be credited directly to your bank account.
Self Employed Loan Interest Rates and Other Charges
The following are the self employed loan interest rates and other charges that you must know before applying for a self employed loan:
| Charge Type | Details |
|---|---|
| Interest Rate | Ranges from 10.99% to 23.99% per annum |
| Processing Fee | Between 0% and 6% of the approved loan amount |
| Pre-closure Charges | 0% – 7% of outstanding principal + 18% GST, depending on lender terms |
| Bounce Charges | Usually between INR 300 – INR 500 + applicable taxes |
| Late Payment Penalty | May apply based on lender’s terms (usually as a fixed fee or % of EMI) |
| Mandate Rejection Fee | Around INR 450/month till new mandate registration |
| Stamp Duty | As per state laws, deducted upfront from loan amount |
Please note that these charges depend on the lender and may vary as per the marketing conditions. We recommend that you check the official website before applying.
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Get an Insta Personal Loan Anywhere in India
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Frequently Asked Questions
Yes, InvestKraft’s personal loan for self-employed individuals is great for people looking for an amount between 50,000 and 10 lakhs.
Self-employed individuals can apply for personal loans based on their age, monthly income, work history, and the stability of their present firm. Anyone who is between the ages of 21 and 58 and makes at least Rs. 15,000 per year is eligible to apply for a personal loan.
Small Business Owners, Doctors with Private Practices, Consultants, Artists and Creatives, Independent Contractors, Traders and Commission Agents, and others.
Digital Journey
Lower Interest Rates
Easy Documentation Process
