Personal Loans for Self-Employed
Mumbai is often rightly called as the city of dreams and hopes. Not only is Mumbai a hot tourist spot but is also the financial capital of India. However, this city of dreams has another side as well. The high cost of living, transportation, rent and other basic needs – everything is expensive. Surviving in Mumbai without some financial help is something that most people cannot manage. Thus, Shreeji Lending helps entrepreneurs avail personal loans in Mumbai at lower interest rates.
A personal loan for self-employed people is an unsecured loan that can be availed by both self-employed professionals and self-employed non-professionals. Different banks have different policies that categorize self-employed individuals as professionals and non-professionals. The best thing about a personal loan for people with self employment is that one can avail it to meet either professional needs or personal needs. As opposed to a business loan, doctor loan or a student loan, which cannot be used for personal needs.
Shreeji Lending has an experience of 16 years in helping self-employed professionals and non-professionals avail instant loans. We provide loan broker service in Mumbai with leading Banks such as SBI, BOI, etc. We make sure that your personal loan for self-employed application is processed quickly so that your loan amount is disbursed instantly.
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Features and Benefits of Personal Loan for Self-Employed
Loan Amount
The loan amount for a personal loan for self-employed individuals starts from INR 50,000/- and goes up to INR 1 Crore. This amount is sufficient to help you out in times of a personal or professional financial crunch. Factors like credit score is also taken into account.
Hassle-free Application Process
With Shreeji Lending, you can apply for a personal loan for self-employed quickly and easily as our application possess is online. Thus, you can apply for a loan from anywhere via a smartphone or a laptop. Additionally, we make sure that your application is in the best form, thereby increasing your chances of approval.
Minimal Paperwork
Personal loans for self-employed can be availed by submitting a few basic documents such as proof of address, proof of identity, proof of income, etc. Thus, eliminating the need to gather and submit piles of paperwork.
Instant Disbursal
The quick online application form shortens the approval time. Additionally, we ensure that your loan gets approved quickly so that the loan amount is disbursed in as short as 2-4 working days.
Flexible Tenure
The repayment tenure for a personal loan for self-employed varies from lender to lender. However, in most cases, the borrower can decide to repay the loan anytime ranging from 1 year to 5 years as per his convenience.
How to Apply for a Home Loan?
- Fill out the form
- Check for errors
- Click submit
- Shreeji Lending executives will call you and walk you through the rest of the process
Eligibility for Home Loan
Document Required
- The individual must be self-employed
- The individual must be over 21 years of age
- The individual’s annual income must be above a certain set parameter as described by the Bank/lender
- The individual’s self-employing business must be running for a minimum of 2 years
- The individual must have a good credit score
- Application form duly filled and signed
- PAN copy
- Proof of Identity such as PAN, Voter’s ID, Passport, Driver’s License
- Passport size photographs
- Proof of Address such as electricity bill or utility bill that is not more than 3 months old, registered rent agreement
- Proof of income ITR (Income tax return) of past 2 to 3 years and at least 6 months bank statements
- GST registration number ad VAT returns
- Proof of business existence such as VAT, incorporation entails, business address proof, partnership deed, service tax registration
Eligibility for Home Loan
- The individual must be self-employed
- The individual must be over 21 years of age
- The individual’s annual income must be above a certain set parameter as described by the Bank/lender
- The individual’s self-employing business must be running for a minimum of 2 years
Documents Required
- Application form duly filled and signed
- PAN copy
- Proof of Identity such as PAN, Voter’s ID, Passport, Driver’s License
- Passport size photographs
- Proof of Address such as electricity bill or utility bill that is not more than 3 months old, registered rent agreement
- Proof of income ITR of past 2 to 3 years and at least 6 months bank statements
- GST registration number ad VAT returns
- Proof of business existence such as VAT, incorporation entails, business address proof, partnership deed, service tax registration
FAQ About Home Loans
Most frequent questions and answers
Lowest Rate of Home Loan in Mumbai is 6.75%
It hardly takes 2-3 weeks to get a housing loan in Mumbai. You can also get a housing loan in Mumbai within 1 week if your documents meet the eligibility criteria.
Minimum Income Requirement to get a home loan in Mumbai is Rs.1,50,000