Faqs - L&T Finance

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How can I use a Personal Loan for the self-employed?

It can be used for any personal use like debt consolidation, medical expenses, education, or travel.

Can I get a Personal Loan if I'm self-employed?

Yes, self-employed individuals with stable incomes and a good credit score can apply.

Can I get a Personal Loan without proof of income?

You may get loan approval on your PAN Card

How do I apply for a Personal Loan for the self-employed?

Apply online by submitting the application form and required documents and undergoing verification.

What is the eligibility for a Personal Loan for self-employed?

Age, income stability, credit score and business vintage are key criteria.

What is the online approval process for a self-employed Personal Loan?

Submit your application and documents online. Upon approval, the funds are disbursed to your account.

What is the maximum loan amount you can get when you apply for a self-employed Personal Loan?

L&T Finance offers Personal Loan up to ₹ 15 Lakh for self-employed individuals, depending on their eligibility.

Do I need a guarantor for a Personal Loan if I am self-employed?

Most Personal Loans for self-employed are unsecured and do not require a guarantor.

How do you show proof of income if you are self-employed?

Provide ITRs, audited financial statements, or bank statements to prove income stability.

How much Personal Loan can self-employed get?

The loan amount depends on your income, credit score and repayment capacity.

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