Instant Loans for Self-Employed: NBFCs Offer Quick, Easy Funding in India
Business
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Moneycontrol•12-01-2026, 12:10
Instant Loans for Self-Employed: NBFCs Offer Quick, Easy Funding in India
- •NBFCs provide quick, unsecured instant loans for self-employed individuals in India, bypassing traditional bank complexities.
- •Loans feature fast approval (minutes to hours), minimal documentation (Aadhaar, PAN, bank/GST statements), and online processes.
- •Key NBFCs like Tata Capital, Bajaj Finance, Aditya Birla Finance, and Poonawalla Fincorp offer loans up to Rs 30 lakh.
- •Interest rates typically range from 10.49% to 25% per annum, influenced by credit profile and income.
- •Several NBFC instant loan apps (PaySense, CASHe, RapidRupee) cater to self-employed, some with flexible CIBIL requirements.
Why It Matters: NBFCs are a vital source of fast, flexible, and accessible funding for self-employed individuals in India.
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