Instant loan app for self-employed

Designed to cater specifically to the needs of self-employed professionals, instant loan apps offer a range of features to simplify the borrowing process.
Instant loan app for self-employed
5 min read
10 February 2024

Looking for quick and hassle-free financial solutions as a self-employed individual? An instant loan app could be the answer. Designed to cater specifically to the needs of self-employed professionals, these apps offer a range of features to simplify the borrowing process. From swift approvals to minimal documentation requirements, they provide convenience and flexibility unmatched by traditional lending institutions. In this article, we will explore the key features of an instant loan app, and provide a step-by-step guide on how to apply for an instant personal loan using the Bajaj Finserv app.

Here are the features of an instant loan app for self-employed

Quick approval: One of the key benefits offered by instant loan applications is the rapid approval process that they provide. Unlike traditional loan procedures, which often entail cumbersome paperwork and lengthy verification steps, these applications use technology to grant instant approvals. As a result, applicants can receive decisions within minutes, streamlining the borrowing process significantly.

Online application: Gone are the days of enduring long queues at banks. Instant loan applications allow users to apply for loans conveniently from their homes. Featuring user-friendly interfaces, these applications guide applicants through the process with minimal documentation, reducing the inconvenience associated with traditional lending.

Round-the-clock accessibility: In contrast to brick-and-mortar banks with fixed operating hours, instant loan applications are available 24/7. This accessibility is particularly valuable during emergencies or unexpected financial needs, offering borrowers the flexibility to obtain funds whenever necessary.

Minimal documentation: Instant loan applications prioritise simplicity, typically requiring only basic identity and income proofs. For self-employed individuals, income-tax returns and bank statements will do instead of salary slips. This streamlined documentation not only expedites the approval process but also makes loans accessible to a wider demographic, including those without extensive financial histories.

How to apply for an instant personal loan through the app

A step-by-step guide to using the Bajaj Finserv instant loan app:

  1. Download the Bajaj Finserv App
    Download the Bajaj Finserv app, available on Google Play for Android users or the Apple App Store for iOS users.
  2. Go to the personal loan section
    Go to the personal loan section in the app and browse the information, fees, and terms related to the personal loan.
  3. Choose loan amount and tenure
    Apply for the loan and select the loan amount and repayment duration that suits your needs.
  4. Submit required documents
    Bajaj Finance Limited may request specific documentation before processing your loan application. Upload essential documents like proof of income, identification, and address.
  5. Review and submit the application
    Thoroughly review all the information provided before submitting your personal loan application.

Once done, a representative will then contact you to proceed with the application.

Eligibility criteria and documents required for self-employed individuals

You are not required to confirm your eligibility for an Insta Personal Loan for self-employed individuals. For new customers, we establish a pre-assigned limit by considering several factors, including your credit score, payback history, and so on. Existing customers already have a pre-approved offer.

It is a good idea to keep the following documents handy when you apply for a loan;

  • KYC documents
  • Cancelled cheque
  • Bank account details
  • PAN card
  • Bank account statements for the last 3 months
  • Salary slips for the last 3 months

Select customers can get our Insta Personal Loan without needing to submit any documents.

In conclusion, the best instant loan apps for self-employed individuals offer a lifeline during urgent financial situations. With their quick approval process, online accessibility, and minimal documentation requirements, these apps have revolutionised the borrowing experience. The convenience of applying from anywhere at any time, coupled with the tailored features for self-employed individuals, makes them indispensable in managing financial needs efficiently. By following the step-by-step guide provided, users can navigate through the application process effortlessly, ensuring a swift response to their personal loan requirements. Embracing these technological advancements allows individuals to take control of their finances and meet their obligations with ease.

Bajaj Finserv App for All Your Financial Needs and Goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Explore and apply for co-branded credit cards online.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on No Cost EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

While care is taken to update the information, products, and services included in or available on our website and related platforms/ websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/ service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/ service document and applicable terms and conditions. In case any inconsistencies are observed, please click on reach us.

*Terms and conditions apply

Frequently asked questions

Which app gives a loan for self-employed?

You can download the Bajaj Finserv App and apply for an Insta Personal Loan. The loan is available to both, salaried and self-employed individuals.

Which app gives you a loan immediately?

You can apply for an Insta Personal Loan from the Bajaj Finserv App and get the funds within 30 minutes* to 4 hours.

*Terms and conditions apply.

How to get 30,000 rupees immediately?

Here is how you can get a Rs. 30,000 loan immediately:

  1. Download the Bajaj Finserv App
  2. Go to the personal loan section
  3. Choose loan amount and tenure
  4. Submit required documents
  5. Review and submit the application

Once done, a representative will then contact you to proceed with the application.