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Personal Loan for Self Employed

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Why Choose Paisabazaar?
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Personal Loan for Self-employed – Highlights

Interest Rate 9.98% onwards
Loan Amount From Rs. 50,000 to Rs. 40 lakh
Collateral/Security Not required
Repayment Tenure From 12 months to 60 months
Loan Processing Time From 1-5 working days
Processing Fee From 1% to 5% of the sanctioned loan amount

Note: The above-mentioned interest rates, fees and charges may change and shall depend on the sole discretion of the banks/NBFCs.

Personal Loan Interest Rates for Self Employed

Starting from a minimum of 9.98% p.a., personal loan interest rates for self-employed professionals and self employed non-professionals may vary from individual to individual depending upon his/her credit score, loan amount, age, repayment ability, etc.

Comparison of Personal Loans for Self Employed Individuals

Banks/NBFCs Interest Rates(p.a.)
Bajaj Finance 10% - 31% p.a.
Axis Bank 9.99% onwards
IndusInd Bank 10.49% onwards
IDFC FIRST Bank 10.99% onwards
HDFC Bank 9.99% onwards
ICICI Bank 10.60% onwards
Kotak Mahindra Bank 10.99% onwards
Tata Capital 11.99% onwards
Federal Bank 12.00% onwards
DMI Finance Up to 24%
L&T Finance 11.00% onwards
Kreditbee 12.00% - 28.25%
MoneyTap 13.00% onwards
Piramal Finance 11.99% onwards
Aditya Birla 10.99% onwards
Moneyview 14%-36%
Cashe 33.50% onwards

Eligibility Criteria for Personal Loan for Self-employed Individuals

  • You should be a self-employed professional/non-professional
  • You should be at least 21 years old
  • Minimum credit score should be 750 or above
  • Your annual income should match the eligibility criteria set by the bank
  • Your business should be running for at least 2 years

Documents Required for Loan Application

  • Duly filled application form with passport-sized photographs
  • ID Proof: Aadhaar Card, PAN Card, Voter ID Card, Driving License, Passport, etc.
  • Address Proof: Ration Card, Utility Bills (Electricity Bill, Phone Bill, etc.), PAN Card, Aadhaar Card, Voter ID Card, etc.
  • Business Proof: Proof of Business Existence, Certificate of Incorporation, Certificate of Registration with Appropriate Registration Body
  • Income Proof: ITR of Past 2 years, Certified Profit and Loss Statement
  • Any other document required by the bank

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All Your Needs

Factors Affecting Personal Loan Interest Rates

  • Credit score: Before approving a personal loan, lenders check the applicant’s credit score to evaluate his creditworthiness. A good credit score (above 750) indicates that you have been disciplined with your repayments and the lenders do not hesitate to offer you a lower interest rate
  • Tenure of business: If your business is running in profit for at least 2 years, you get a personal loan at a low-interest rate due to stability in business
  • Relationship with the bank: If you already have a current or savings account with the bank or you have an existing loan that you have been repaying regularly, you may get a personal loan with a lower interest rate

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

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What our customers say

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

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Raj SinghJan 13, 2026

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025
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