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We serve loans, the best way you can borrow
A personal loan for self employed gives you fast money access with no property required. Your money goes straight to your bank once we check your work and money papers. Our lendingplate team looks at your papers in 30 minutes and sends money today.
Our instant personal loan for self employed options gives you the flexibility to use the funds for various purposes. Buy new tools for your equipment, make your business bigger, or get extra cash when sales are slow. We offer loans from ₹10,000 to ₹ 2,50,000 with minimal documentation requirements.
The instant loan for self employed in India through lendingplate requires only basic KYC documents and bank details. We use advanced technology to assess your loan application based on your business performance and repayment capacity.
At lendingplate, we understand your needs and offer personal loan for self employed options with several advantages.
Quick Approval with Minimal Documentation Required:
You need to submit only essential documents like KYC and bank statements.
Flexible Repayment Options that Suit You:
Pick payment plans that fit how your business makes money.
Nothing Needed As Security for Your Loan:
Get funds without pledging any business or personal assets.
Same Day Fund Transfer to Account:
Once approved, we transfer the loan amount directly to your bank account within hours.
Simple Online Application Process Available:
Apply through our website or mobile app from anywhere – No need to visit any branch.
Competitive Interest Rates for Businesses:
We offer reasonable interest rates based on your business profile.
Before applying for a personal loan for self employed, check if you meet our basic eligibility requirements. We keep our criteria simple and transparent.
| Parameter | Requirement |
|---|---|
| Age | 21-58 years |
| Business Vintage | Minimum 1 year |
| Credit Score | 650+ |
| Business Type | Self-employed professional or business owner |
| KYC Status | Valid identity and address proof |
| Document Type | Details Required |
|---|---|
| Identity Proof |
|
| Signature Proof |
|
| Address Proof |
|
| Business Proof |
|
| Income Proof |
|
| Financial Documents |
|
At lendingplate, we maintain complete transparency about our interest rates and other charges:
| Charges | Details about the Charges |
| Processing Fee | 1% - 5% of loan amount |
| Conversion Fee | 1 - 5% of the amount |
| Interest Rate | 12% - 36% per annum |
| Foreclosure | 5% of the amount [Nil when prepaid on or after your] |
| Mandate Return Fee | 500/- [inclusive of GST] |
Fill Basic Application Form Online:
Visit our website or download the app. Enter your personal details and basic business information in the simple application form.
Upload Required Documents Digitally:
Submit your KYC identity proof business documents and bank statements through our secure digital platform for quick verification.
Get Instant Loan Approval Status:
Our advanced system analyses your application immediately. You receive the approval status within 30 minutes of document submission.
Receive Funds in Your Account:
After approval, we transfer the loan amount directly to your registered bank account on the same day.
Your loan application success depends on several important factors. We have analysed a few parameters below. Understanding these helps improve your chances of approval.
Business Performance Assessment:
We evaluate your business stability through bank statements and financial records. It shows your income flow. Note that a steady income flow increases your approval chances.
Credit Score Impact on Approval:
Your credit score reflects your past repayment behaviour. We evaluate your credit score before accepting your loan application. A score above 650 improves your chances.
Income Stability Verification:
Regular business income shown in bank statements helps us assess your repayment capacity. We look for consistent cash flows. A stable income proof increases your likelihood of loan acceptance.
Yes, self-employed professionals can get personal loans from lendingplate. We offer loans from ₹10000 to ₹250000 for business owners and professionals with a minimum of one year of business vintage. Our quick digital process makes loan approval simple. You need to provide basic KYC documents and financial statements. We approve loans for various business types (including manufacturers or retailers – even service providers and freelance professionals).
For a personal loan for self employed at lendingplate, you need a minimum annual income of ₹3 lakhs. We verify your income through bank statements and ITR documents. A higher income improves your eligibility for larger loan amounts. We look at your regular business cash flows and consider all income sources. Your business should show stable income patterns in bank statements for at least 6 months.
Interest rates start from 12% per annum based on your credit profile and business performance. Better credit scores and stable business income help you qualify for lower rates. We keep our interest calculation transparent. You receive a detailed breakup of interest charges before accepting the loan. Our relationship managers explain the complete cost structure (including processing fees and other charges).
We assess your loan eligibility based on your business's vintage credit score and monthly income. Your bank statements and ITR help us evaluate repayment capacity. We consider existing loan obligations. Our advanced assessment system looks at your business growth trends, profit margins and market reputation. We also factor in your business sector performance and future growth potential.
A credit score above 650 improves approval chances. However, we consider other factors like business performance and income stability. Strong business financials might help overcome a lower credit score. We look at recent credit behaviour improvements and your debt management history. Regular business income and good banking habits can support your application.
Yes, our personal loan for self employed options does not require any collateral. We offer loans based on your income documents and credit profile. No need to pledge business or personal assets. This makes the loan process faster and simpler. Your business stuff and personal items stay yours to use freely during your whole loan time.
You can apply for loans up to ₹ 250,000 based on your eligibility. The final amount depends on your income, business vintage and credit score. A higher income and better credit profile qualify for larger amounts. We increase loan limits for repeat customers with good repayment records. Your business growth and increased income can help you qualify for higher amounts in future.
Yes, you can use the loan amount for any legitimate purpose including business expansion inventory purchase or working capital needs. We do not restrict the end use of personal loans. Small business owners buy extra stock, get new tools, or open new shops with our loans. The money works for personal things, too – like school fees, doctor bills, or fixing your house.
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
