Personal loans were once offered only to salaried individuals, given their guaranteed and regular income. However, in today’s day and age, top lenders like Bajaj Finserv offer financing to self-employed individuals too, through a Bajaj Finserv Personal Loan for Self-Employed, for example. This means that you can finally use this option as a safety net in times of need. This loan gives you access to substantial aid that you can use as you deem fit, making it a true winner. Take a look at its benefits and how you can avail them below.
All you stand to gain from the Bajaj Finserv Personal Loan for Self-Employed
- You get a loan sanction of up to Rs. 80 lakh at a nominal interest rate
- You can get a loan without pledging any collateral
- You can apply and manage your loan online with ease
- You can use the Flexi Loan facility to borrow conveniently, as and when you need to, from your sanction. You are only required to pay interest on the amount you utilise as per this facility. Furthermore, you can pay interest-only EMIs through the tenor and repay the principal at the end of the tenor.
Now that you know the advantages of borrowing a Personal Loan For Self-Employed from Bajaj Finserv, take a look at this step-by-step guide on how to apply.
Match the eligibility criteria
Bajaj Finserv has a set of eligibility criteria for personal loans offered to self-employed professionals, and the following are the requirements that you must meet.
- You must be between 24 and 80 years of age. 80 years at loan maturity
- Your business must be at least 3 years old
- You must have filed IT returns for at least the past year
- You must have your previous year’s turnover duly audited by a CA
Have the necessary documents ready
When you’re applying for a Bajaj Finserv Personal Loan, you need to submit the following documents in order to prove your eligibility.
- KYC documents
- Passport size photo
- Proof of your business
- Relevant financial documents
- Previous month’s bank account statement
Apply online by using a pre-approved offer
Bajaj Finserv offers you the option of applying for a personal loan or business finance from the comfort of your home or office. You can apply online within minutes and get approval within 48 hours. Further, you can check your pre-approved offer to view customised loan deals and apply via this route for expedited financing.
Now that you know all about this feature-rich Personal Loan For Self-Employed professionals from Bajaj Finserv, use it to your advantage to take care of your requirements in a timely manner. To ensure that you make the right borrowing decision, check your EMIs using an EMI calculator before you apply.
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