5 Best Instant Loan Apps For Self-Employed

best instant loan apps for self-employed

Preface:

In the current age of technological advancements, the process of borrowing money has become paperless, hence minimising the hassle to a great extent. Even for self-employed individuals, getting a loan has become much easier. Keep on reading to know about the best instant loan apps for self-employed.

Introduction:

Self-employed people often find hurdles in their way to getting a personal loan. As they do not have a fixed monthly income, lenders are hesitant to offer them loans with good interest rates and repayment tenure. But thanks to the current advances in the field of financial technology, self-employed individuals can easily avail of financial assistance via an instant loan app for self-employed people.

Best Instant Loan Apps for Self-Employed

We have curated a list of the best instant loan apps for self-employed individuals. If you are a self-employed person and need a personal loan, these are the best personal loan apps that you can find in the market. They offer reasonable interest rates and flexible repayment tenure.

Check out the table below for more information about these apps.

Loan AppInterest RateLoan AmountProcessing FeeAge EligibilityRepayment Tenure
Buddy Loan11.99% p.aFrom Rs.1000 and up to 15 Lakhs2% of the sanctioned loan amount + GSTBetween 18 to 60 years6 months to 5 years
PaySenseApp1.4% – 2.3% per monthUp to 5 lakhsUp to 3% of the loan amountBetween 21 to 60 years3 to 60 months
Money View App1.08% p.m. or 36% p.a.From Rs. 3000 and up to 5 LakhsRs. 3,000 – Rs. 199 + GST Rs. 5,000 – Rs. 399+ GST Rs. 10,000 – Rs. 499 + GST Rs. 25,000 and above – 2% of the borrowed amount + GSTBetween 23 years to 55 yearsUp to 5 years
CASHe App2.25% per month onwardsFrom Rs 1,000 to Rs 4 LakhsUp to 3% of the loan amountBetween 23 years to 58 years.90 days to 540 days
IIFL12.75%-33.75% p.a.Up to Rs 25 lakhsUp to 2%-4% of the loan amount19-65 yearsUp to 5 years

*Note: Bank interest rates change frequently, so check their official websites for the latest information.

Benefits of Instant Loan Apps

Instant loan apps for self-employed have several benefits that make getting financial assistance a lot easier for non-salaried individuals. Here are some of the benefits that these apps offer:

  1. Easy application
  2. Quick approval
  3. Minimum documentation
  4. Low-interest rates
  5. Flexible repayment options

Conclusion:

Even though salaried employees have it easy when it comes to getting personal loans, self-employed individuals need not worry. Standing at this where fintech is upgrading at a tremendous rate, there is something for everyone. You can check out Buddy Loan, the largest loan aggregator in India that helps you get your personal loan application approved in minutes. Apply for one today!

In case you have any queries regarding instant personal loan apps or personal loans for self-employed individuals, drop them in the comments section and we’ll help you out! In the current age of technological advancements, the process of borrowing money has become paperless, hence minimising the hassle to a great extent. Even for self-employed individuals, getting a loan has become much easier. Keep on reading to know about the best instant loan apps for self-employed. Self-employed people often find hurdles in their way to getting a personal loan. As they do not have a fixed monthly income, lenders are hesitant to offer them loans with good interest rates and repayment tenure. But thanks to the current advances in the field of financial technology, self-employed individuals can easily avail of financial assistance via an instant loan app for self-employed people.

Even though salaried employees have it easy when it comes to getting personal loans, self-employed individuals need not worry. Standing at this where fintech is upgrading at a tremendous rate, there is something for everyone. You can check out Buddy Loan, the largest loan aggregator in India that helps you get your personal loan application approved in minutes. Apply for one today!

In case you have any queries regarding instant personal loan apps or personal loans for self-employed individuals, drop them in the comments section and we’ll help you out!

In the current age of technological advancements, the process of borrowing money has become paperless, hence minimising the hassle to a great extent. Even for self-employed individuals, getting a loan has become much easier. Keep on reading to know about the best instant loan apps for self-employed.

You write to us at info@buddyload.com

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