Features and benefits

  • Flexi features

    Flexi features

    Utilise the Flexi facility to borrow from your pre-approved limit whenever you need it and pay interest only on the amount you withdraw.

  • Zero collateral

    Zero collateral

    Self-employed individuals can avail of funding without needing to pledge an asset as security

  • Funding up to %$$BOL-Loan-Amount$$%

    Funding up to Rs. 45 lakh

    Get a sizable sanction to meet multiple financial needs with ease. Plan your repayment with our EMI Calculator.

  • Personalised deals

    Personalised deals

    Existing customers get pre-approved loan offers for a hassle-free experience.

  • Digital loan management

    Digital loan management

    Use the online loan account to access essential loan-related information and manage loan EMIs on the go.

Whether you have urgent business expenses or personal obligations to address, the Bajaj Finserv Personal Loan for self-employed individuals is a great fit. With this instrument, you get funds up to Rs. 45 lakh at an attractive interest rate and a flexible tenor that goes up to 7 years.

The loan also has other features to make your experience comfortable and cost-effective. You can qualify for the loan by meeting our simple eligibility criteria and submitting only a few essential documents. With this loan, you also enjoy swift processing since you can get approval within 24 hours*. Our Flexi facility further gives you the option of lowering your EMIs by up to 45%* when you choose to pay interest-only EMIs.

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Fees and charges for a personal loan for self-employed

Fee type

Charge applicable

Rate of interest

17% p.a. and onwards

Processing fees

Up to 2% of the loan amount (plus taxes)

Bounce charges

Up to Rs. 3,000 (Inclusive of taxes)

Penal interest

2% per month

Document processing charges

Rs. 2,360 (Inclusive of applicable taxes)

Outstation collection charges

Not applicable

Document/ statement charges

Download loan documents at no additional cost by logging into the customer portal – My Account.

You can also get a physical copy of your documents from any of our branches at a charge of Rs. 50 (inclusive of taxes) per statement/ letter/ certificate.

How to apply for a personal loan for self-employed

For an easy online loan application, here are steps to follow:

  1. 1 Click on ‘APPLY ONLINE’ to open the application form
  2. 2 Enter your personal and business details
  3. 3 Upload your last six months bank statements
  4. 4 Get a call from our representative who will guide you on further steps

Once approved, you will get access to funds in just 24 hours*.

*Conditions apply

**Document list is indicative

Frequently asked questions

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

Our personal loan for self-employed individuals comes with several features and benefits. For one, you can use the sanction to fund personal obligations such as a wedding, home renovation, travel, medical emergencies and more without any restriction. Secondly, it is easy to qualify for and doesn’t require you to pledge any assets as security. Lastly, it offers a loan amount of up to Rs. 45 lakh, so you can meet professional and personal requirements without needing to part with assets or liquidate investments.

Do I need to provide security or collateral?

Bajaj Finserv Personal Loan for self-employed does not require you to provide any security or collateral to avail of funds. All you have to do is provide the necessary documents and fulfil the eligibility criteria when you apply.

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

To apply for a Bajaj Finserv Personal Loan for self-employed individuals, you need the following documents:

  • Proof of business ownership
  • KYC documents – PAN, Aadhaar card, voter ID, passport, driving license, etc.
  • Other financial documents
What is the eligibility for a personal loan for self-employed?

To avail of a Bajaj Finserv Personal Loan for self-employed individuals, these are the criteria to meet:

  • A credit score of 685 or higher
  • Age between 24 and 70 years
    *Age should be 70 years at the time of loan maturity
  • Business vintage of at least 3 years
  • Indian nationality
How can I use a personal loan for the self-employed?

Besides personal expenses, these funds can be invested in your business. You can purchase equipment and machinery, expand to a new location, consolidate existing debt, increase working capital, etc.

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

You can apply for the loan online, with an SMS or by availing of your pre-approved loan offer. Post completion, an authorised representative will contact you on the next steps.

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