How To Apply Personal Loan For Self-Employed Individuals ?
Self employed personal loan is a specially designed personal finance product exclusively for self employed customers. As a personal loan for self-employed you have to be a profession that shows your financial independence. Personal Loans are immensely useful for any purpose including home repairs, paying for medical costs, a wedding, or can also be avail for business expenses as well.
Various banks and financial institutions in the country also offer personal loans to self-employed individuals. However, the terms and conditions along with the criteria might be different that will vary from bank to bank. Hence , below is the eligibility criteria table for you refer.
Eligibility Criteria
- You have be atleast 22 years of age .
- As a applicant you should have credit score more than 850
- The applicant should show the Salary slip of one month with the ITR returns
- The applicant should be Indian.
How to Apply for a Personal Loan for Self-Employed Individuals?
As self employed individual you might need personal loan to meet any personal or business requirements. If you are an seld employed individual that you can go for applying personal loan online. There are various benefits if you apply for a personal loan online. The benefits are :
- Quick Disbursal .
- Less Documentation.
- Quick loan approval.
- Flexible Loan Amount.
- Payable EMI
Inorder to avail this benefits while you apply for personal loan , then you should visit the Buddy Loan website as they provide you instant loan with the from the most trusted lenders of the country,
Now, if you want to go for this flexible procedure of applying loan than you can go for applying for the same in online. Inorder to apply personal loan online , you can login to Buddy Loan website to get quick personal loan as self-employed.
Process To Apply For The Loan;
To apply online, through the lender's website, you will need to first key in certain data and check your eligibility. Post this, you can proceed to apply for a personal loan through the lender's website. Most lenders will have an online application form on their websites, which you can fill up and submit online, after which a representative from the bank or financial institution will contact you.
Step 1 - First , download the app or login to the website from where you choose to apply for the loan or you can also visit the official website to learn more about the features.
Step 2- Next step is to complete the application form with the required details.
Step 3- You can fill in your desired loan amount, tenure period, and mobile number.
Step 4 - After this, you can also get the option to apply for a loan and then you have to fill out the eligibility form, including the following details:
- Full Name (as per PAN card
- PAN Card details
- Email Address
- Company type
- Employment Type
- Current Company Name
- Enter Company address
- Year of employment
- Monthly in-hand salary
- Mode of Salary
- Current Residence Pin code
- Mobile Number
Step 4 - After this step, you can get an option to choose from multiple offers based on the above mentioned information.
Step 5 - Complete the application process and submit it. After submitting, the customer representatives will contact you to cross-verify the details before sending them to the lender.
Also Read: Salaried And Still Worried About Instant Funds? A Personal Loan Is Here To Save Your Day!
End Note
Hence, this now it is easier for you get personal loan as a salaried employee that too online. However, inorder to get approval and disbursal you have to make sure you have the satisfied all the criterias mentioned above.
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