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A Personal Loan is a collateral-free mode of funding which helps self-employed individuals to meet their personal or business short-term requirements. You can use Bajaj Finserv personal loan for self-employed to:

• Meet wedding costs
• Pay for home renovation expenses
• Fund your next vacation
• Consolidate all your debts into a single loan
• Purchase new machinery or equipment
• Increase working capital

You do not need to provide any personal guarantee or pledge any assets as collateral. Bajaj Finserv Personal Loan for Self-Employed offers attractive interest rates, requires minimal documentation and is approved within 24 hours to meet your immediate needs. Make use of Bajaj Finserv Personal loan for your business and personal goals.

Personal Loan for Self Employed: Features & Benefits

Bajaj Finserv Personal Loan for Self Employed come with the following benefits and features:

  • loan against property emi calculator


    Bajaj Finserv Personal loan for Self-Employed features a unique Flexi loan facility. This feature enables you to withdraw funds according to your requirements and repay the amount when you gain access to extra funds. You also pay interest only on the amount utilized by you and not the entire loan amount, and have the option to pay only interest as EMI.

  • Collateral-free loans

    Self-employed individuals can avail collateral-free personal loan for self employed without the additional hassle of pledging any asset as security.

  • Financing up to Rs.45 lakh

    Bajaj Finserv offers a Flexi loan limit of Rs.45 lakh, calculate your EMIs with our EMI Calculator.

  • Pre-approved offers

    Existing Bajaj Finserv customers are entitled to special pre-approved loan offers.

  • Education loan scheme

    Online account access

    Manage your loan account at your convenience with our customer portal Experia.

Fees and Charges

Business Loan Interest Rate in India
Types of Fees Applicable Charges
Rate of interest 17% p.a. onwards
Processing fees Up to 2% of the loan amount (plus applicable taxes)

Statement of Account/ Repayment Schedule/Foreclosure Letter/No Dues Certificate/Interest Certificate/List of documents
Download your e-statements/letters/certificates at no extra cost by logging into Customer Portal – Experia.
You can get a physical copy of your statements/letters/certificates/List of Documents from any of our branches at a charge of Rs. 50/- (Inclusive of taxes) per statement/letter/certificate.
Bounce charges Up to Rs. 3000 (Inclusive of applicable taxes)
Penal interest (Applicable in case of non-payment of monthly Instalment on/before the Due - Date) 2% per month
Document processing charges (Recently Updated) Rs. 2000 + applicable taxes

Contact Us

Online Application

  • Click here to apply

  • Fill in the details and click Submit

  • Our representative would contact you with your pre-approved offer

Through SMS

Our representative would contact you with your pre-approved offer

  • SMS ‘BL’ to 9773633633

Personal Loan Self-Employed FAQs

Why should I take a personal loan for self-employed?

A personal loan for self-employed comes with several features and benefits that can help you meet various personal goals such as wedding, home renovation, travel, medical emergency and more. With Bajaj Finserv, you can avail up to Rs.45 lakh within 24 hours.

Do I need to provide security or collateral?

The Bajaj Finserv Personal Loan for Self-employed does not require you to provide any security or collateral when availing funds. These loans are unsecured hence, you don’t need to mortgage an asset to avail the funds. All you have to do is provide the necessary documents and fulfil the eligibility criteria when applying.

What documents do I need to apply for personal loan for self-employed?

You have to provide the following documents to apply for a Bajaj Finserv Personal Loan For Self-employed–

  • Proof of business existence
  • KYC documents – PAN, Aadhaar, voter ID, passport, driving license, etc.
  • Passport-sized photo
  • Relevant financial documents (if your turnover exceeds Rs. 1 crore)

What is the eligibility for a personal loan for self-employed?

The avail a Bajaj Finserv Personal Loan For Self-employed, you need to have–

Additionally, a high credit score above 685 also strengthens your loan application as these loans are unsecured.

  • Age between 24 and 70 years*
    (*Age should be 70 years at loan maturity.)
  • Business vintage of at least 3 years

How can I use a personal loan for self-employed?

A personal loan for self-employed can be used to fund multiple financial objectives. You can use it to meet costs such as home renovation, wedding, travel, medical emergency, etc. Similarly, you can use the funds to invest in your business by purchasing equipment, plant & machinery, expanding to a new location, consolidating all your existing debts into one single loan, etc.

How can I apply for a personal loan for self-employed?

You can apply for a Bajaj Finserv Personal Loan for Self-employed online after filling-in a few details on the business loan online application form. Post submission, a representative will get in touch with you regarding the further steps.

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