RapidRupee is the largest personal loan app that helps you with a personal loan. So, apply for loans now!
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A instant personal loan can give you a financial boost in your tough times.
Whether you are a salaried person or self-employed, at certain times you may confront financial crunches.
To save yourself from unwanted and uninvited emergencies, nothing can be better than opting for a loan.Yes, a quick & easy personal loan at a reasonable interest rate could be the solution to all your monetary problems.
Being a salaried employee, it can be easier to get the loan approved showing the income proof, but when it comes to a self-employed individual, people believe that it can be difficult to get a loan sanctioned.This is not the truth as a self-employed person can easily avail a loan from a trusted lender/bank after submitting the necessary documents and fulfilling all the formalities.
Lenders are willing to give loans to self-employed individuals who have their documents ready.
Check out the personal loan eligibility criteria, required documents, and other things to get an instant personal loan.Eligibility Criteria: The borrower should be a resident of India between the age 18 - 65 yearsThe annual turnover or profit has to be 1 lakh or as per the requirement of the lenderThe borrower has to be in the same business for at least 3 years or moreDocuments Required:Proof of age - Birth certificate/passport/PAN cardProof of ID - Voter ID/Passport/Aadhar/PANPhotographsProof of residence - passport/utility billLast 3 months bank statementProof of income - Latest income tax return, the balance sheet of last 2 years, profit/loss certificateCheck with the lender if you need to submit any other documents.Rate of Interest (ROI):The rate of interest depends on various factors including the relationship between the lender and borrower, credit history, and many more.