Personal loans for self-employed people
Lenders we compare whose own pages say self-employed people, freelancers and business owners can apply, with what each asks for.
11 lenders · eligibility last verified 2026-10-21 · how we compare
Self-employed? See offers matched to your income and credit
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Lenders compared
| Lender | What self-employed applicants need | Interest rate | Processing fee | Amount | Apply |
|---|---|---|---|---|---|
| IDFC FIRST Bank | Accepted; age 21–60, CIBIL 710+ | From 9.99% a year | 0% to 3.5% of the loan amount + GST; the bank's pages don't agree on the exact fee, so check the Key Fact Statement | ₹50,000 to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
| InCred | ₹25,000 a month business income (app listing); 3 months' bank statements | 10% to 36% a year | Up to 5% of the loan amount (includes loan origination costs) + applicable taxes | ₹50,000 to ₹15 lakh | Apply nowVia our referral partner. We may earn a commission. |
| KreditBee | ₹10,000 a month; 6 months' bank statements; no ITR needed | 12% to 27.5% a year | Up to 4.7% of the loan amount + GST | ₹3,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Freo | Judged on personal income and credit; ₹25,000 a month | 12% to 36% a year | From 2% of the amount + GST, charged at disbursal. Freo's example loan also charges a ₹999 + GST line setup fee, paid upfront | ₹3,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Kissht | Self-employed, small business owners and MSMEs; no income floor published | 12% to 36% a year | 3% including GST in Kissht's example loan; no fee range is published | ₹10,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| lendingplate | ₹20,000 a month; business ownership proof | 12% to 36% a year | 1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees) | ₹10,000 to ₹2.5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Moneyview | Same as salaried: ₹25,000 a month household income paid into a bank account | 14% to 36% a year | 2% to 8% of the approved loan amount, deducted from the loan at disbursal; Moneyview doesn't say whether GST is added | ₹5,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| FatakPay | No business-age or income floor published; 3–6 months' bank statements, GST if registered | From 14.4% a year | 2% to 6% depending on the plan: 2% on FatakPrime, 5% on FatakPlus and 6% on FatakLite. FatakPay doesn't say whether GST is added. | Up to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Unity Small Finance Bank | Self-employed and freelancers with steady income; recent bank statements | 16% to 30% a year | Up to 4% of the loan amount + GST (bank's own personal loans); up to 5% + GST for loans made through digital lending partners | ₹1 lakh to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Hero FinCorp | ₹15,000 a month; income checked from 6 months of bank data (an FAQ also mentions 2 years' ITR) | 17.9% to 30% a year | At least 2.5% of the loan amount + GST, deducted at disbursal; no maximum is published | ₹50,000 to ₹7 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Prefr | ₹15,000 a month; no business-age or ITR rule published | 18% to 30% a year | 3% of the loan + 18% GST, deducted at disbursal, in Prefr's example loan; no fee schedule is published | ₹51,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
Income checks for self-employed people usually rely on bank statements and, at some lenders, ITRs; a steady flow of credits into your account helps. Rules are from each lender's own pages, in our words; the lender decides on your application. Ranked by the lowest published starting rate. We compare lenders available through our partner; ranking never depends on what we earn.
Related
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Personal loans without salary slipLenders that accept bank statements
- Personal loans for a low CIBIL scoreWho lends at 650 or below
- Loan eligibility calculatorHow much you could borrow
Questions people ask
Can a self-employed person get a personal loan?
Yes. 11 of the lenders we compare accept self-employed applicants. They judge you on the income that reaches your bank account, your credit score and your existing EMIs, so a regular flow of business credits matters more than a payslip.
Do I need an ITR for a self-employed personal loan?
Not always. KreditBee says no ITR is needed and use bank statements instead. Others may ask for one or two years of ITRs, especially for bigger amounts. Filing ITRs regularly makes it easier to borrow more at a lower rate.
What income do self-employed people need?
Published floors at the lenders we compare run from ₹10,000 to ₹25,000 a month, and some publish none. The amount you're offered depends on your income, credit score and existing EMIs; use the loan eligibility calculator for an estimate.
Which documents do self-employed applicants need?
Usually PAN, Aadhaar and 3 to 6 months of bank statements; some lenders also ask for business proof such as GST registration or a shop licence, and ITRs. Most digital lenders let you share bank statements through RBI's Account Aggregator framework instead of uploading them.
See all lenders. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.