CreditMantri Finserve Private Limited
Door No.3, Block B, No. 147, Workeasy Space Solutions, RK Swamy Centre, Hansa Building, Pathari Road,Thousand Lights, Chennai, Tamil Nadu600006
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Is your Credit Score >750?
A business loan for the self-employed is the most suitable financial instrument to meet your short-term finance and working capital requirements. In a competitive financial market and growing economy, businesses require the best possible funding to grow. Apply for a business loan on CreditMantri. We have 26-plus lenders giving business loans at affordable interest rates. We provide a hassle-free process, quick loan approval, and fast disbursal of money.
About Business Loan For Self-Employed
For self-employed individuals
Minimum 22 and not more than 65 at the time of loan application
Current Business Experience
At least 3 years
Total Business Experience
Note: The eligibility criteria may vary across lenders.
Valid identity proof
Valid address proof
Electricity bill, passport
Latest ITR with income computation
Profit and Loss Account and Balance Sheet for the last 2 years (audited by a certified CA).
Continuation Proof: ITR/Trade License/Sales Tax Certificate
Certified copy or partnership deed or sole proprietorship declaration
Certified true copy of Memorandum and Articles of Association (Certified by Director), and board resolution (Original).
Either of the following:
For the last 6 months
Balance Sheet, ITR, and Profit & Loss Account (audited by CA) of the past 2 years
Trade License/ Sales Tax Certificate/ITR
Certified copy or sole proprietorship declaration of partnership deed
Certified true copy of Memorandum and Articles of Association (Certified by Director)
Board Resolution (original).
IT returns and sales tax returns of the past 3 years.
Note: The list of documents specified above is general. The documents may vary across lenders.
On The CreditMantri Website
2. Click on “Check Eligibility”
3. Enter basic details like email ID, mobile number, full name as per PAN, loan amount requested, date of birth, residence pin code, residence city, gender, and marital status.
4. Click on “Next”
5. Proceed with the remaining \steps to complete the application
On The Lender’s Website
2. Go to the Business loans section
3. Click on “Apply”
4. Provide the necessary details and continue to complete the application.
2. Fill out the relevant form
3. Submit the required documents and the completed form
4. You will get a call from the lender regarding the next set of steps
Things To Consider Before Applying For A Business Loan For Self Employed
Many banks and financial institutions provide business loans for self-employed people at competitive interest rates. But, you have to check your eligibility, keep the documents ready, check the scope of your industry, and other things listed on top to ensure that you can repay your loan on time.
1. How can I repay my business loan?
You can repay the business loan in equated monthly installments. The loan can be repaid through post-dated cheques. You can also repay via an ECS mandate to your bank.
2. Why does a self-employed business owner need a loan?
A business loan for the self-employed can be availed to meet expenditures such as expanding operations, meeting working capital requirements, purchasing Equipment or machinery, investing in infrastructure, stocking inventory, and purchasing raw materials.
Business Loan Documents
Business Loan Eligibility
Business Loan Fees And Interest Rates
Letter Of Credit
Line Of Credit Details
MSME Loan Details
Psb Loans In 59 Minutes
Secured Business Loan
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CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application